The Israeli Real Estate Registry
When purchasing land or real estate in Israel, you must make sure the purchase is duly listed in the Israeli Real Estate Registry – the Land Registry Bureau. In this article, we will explain the process and required documents.
The Final Step in the Sale Transaction
The last step in securing your new home is the registration of ownership rights at the Land Registry Bureau. The registration is done by the buyer’s lawyer using documents forwarded to him by the seller’s lawyer after payment of the balance to the seller. This is yet another reason why it is important to have a good real estate lawyer. Although you can register real estate ownership rights in a variety of places, the Land Registry Bureau is the most secure, so we recommend going there.
Necessary Documents:
- Application for land registration signed by the seller and duly verified.
- Bills of sale, signed by both parties and duly verified.
- Power of attorney (if the documents are signed via power of attorney).
- Land appreciation tax approval and municipality approval validity are directed to the Land Registry.
- Land Registry Fee Approval.
- Application for real estate registration and mortgage notes (if a mortgage was taken to finance the purchase).
- Photo ID of the parties.
Approval
Physical copies of the necessary documents will need to be brought to the Land Registry Bureau in order for them to be submitted. Within a few days, your lawyer should be notified of the approval, or of the reasoning that the approval failed. In rare cases, approval will not be possible, such as when purchasing a construction site. In these cases, the rights of a purchaser can be registered temporarily with an attorney, until it becomes possible to register them in the land registry, at which point the attorney is legally and ethically mandated to do so immediately and for your security.
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