Real Estate & Property Law

How many of you drive a car without insurance? There probably aren’t many people reading this article who did not purchase insurance as soon as they bought a new car. Hiring a lawyer for an apartment purchase is the same as an insurance policy for real-estate transactions, which are usually considered the most expensive and…

Yoav was excited—he recently received the answer that he was waiting for from the Israeli Ministry of Housing, informing him that an apartment had been approved for him in the Central District of Israel, as part of the “Apartment at a Discount” project. He was out of his mind with joy. The apartment’s worth in…

What’s the usual cost of attorney’s fees with respect to the creation or review of a lease agreement in Israel? Some assume in advance that the cost would be too high, and instead opt for the solution of using a lease agreement downloaded from the internet. This article explains why this should be avoided, and…

One can argue that the primary concern for the seller of an apartment end upon receiving the full amount specified in the contract, while the buyer’s concerns last for many years. If this were true, then the sellers of apartments would not have no need of lawyers – but no doubt the person buying an…

What is a memorandum of understanding in real estate? Although it is not a detailed purchase agreement, a properly formulated memorandum has legal validity in Israel, and the signer can be required to either go through with purchasing the property or compensate the seller if he or she decides to back out of the deal.…

Refinancing a mortgage — if you have heard the term but did not understand what it is and what it is meant for, you are not alone. Many take out a mortgage in order to buy an apartment, but are not aware of the fact that throughout the mortgage repayment period, they can renew the…

Purchasing an apartment involves quite a few ancillary costs which many people are unaware of. Even if the price tag of an apartment seems attractive, remember that it is not the full price you will have to pay. On top of the base price there are also taxes, brokerage costs, attorney’s fees, and sometimes also…

The largest transaction that most people make in their lives is, without a doubt, purchasing an apartment. Real estate prices in Israel have been rising for decades and this trend is expected to continue, certainly in areas that are in demand. This means that buying an apartment in Israel (not to mention a house or…