Posts by Meir Shua
Apartment Purchase Agreements
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…
Read MoreMemorandum of understanding in real estate
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.…
Read MorePurchasing an apartment in Israel – what do you need to know ahead of time?
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…
Read MoreNew York Mortgages – Formation Requirements and Equitable Mortgages
What is a mortgage? A mortgage is any conveyance of land which is intended by the parties at the time of the making to act as a security to ensure the payment of money or the doing of a given prescribed act. Usually, the debt is represented by a promise to pay, known as a…
Read MoreTaxation of real estate investments abroad
How does property taxation abroad work? The State of Israel taxes Israelis who own real estate abroad for investment. The amount of tax varies depending on how the investment is done (by independent Israelis or companies), the form of investment and other aspects. Proper planning, adapted to taxation law, can significantly reduce the tax burden.…
Read MoreAll Uqbi v. The State of Israel
Our law office in Jerusalem and Tel Aviv summarizes key Supreme Court verdicts that determine judicial interpretation of Israeli law. In this article, our real estate law experts will summarize All Uqbi v. The State of Israel which determined the right of a local Bedouin tribe to expropriated tribal land. Background information In 2015, the…
Read MoreThe Market Overt Rule in Real Estate
What is the Market Overt Rule? Jewish Law and Israeli Law have stances on the Market Overt Rule. In Israeli law, this involves the requirement of registration and acquisition in good faith. When a stolen good is sold, it does not effectively transfer ownership. However, with the Market Overt Rule, if goods were openly sold…
Read MoreSigning a real estate contract in Israel
Proper Steps to Signing a Contract Before even drafting a real estate contract, you (the purchaser) and the seller should establish not only the price of the property but also the date of evacuation, the date of payment, and the presence and/or absence of furniture in the property. As your representative, your lawyer is responsible…
Read MoreIsraeli Real Estate Memorandum of Understanding
What is a Memorandum of Understanding? A real estate memorandum of understanding (as opposed to a memorandum of understanding in corporate contracts) is a legally binding document that states, the buyer intends to buy the property for a certain cost or under particular conditions. Any memorandum of understanding (“Zichron dvarim”) regarding a real estate transaction…
Read MoreBuying an Apartment as an Investment
Investing in real estate is a great way to get your feet wet in the financial world. Buying an apartment as an investment is a great way to get started. When investing in an apartment you should think reasonably and ensure it can serve a purpose. If you are planning on using the apartment a…
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