Real Estate & Property Law

 What do you need to do when buying an apartment for investment in Israel? It is important to choose the right apartment, to examine its condition, location and possible problems, and also to know how to calculate in advance the expected profit on the investment– how long it will take to return the investment and…

;When beginning a real-estate transaction in Israel, whether for an apartment, residential home, or land, many new terms come up that are unfamiliar to the layperson. One of these terms is betterment tax. What is betterment tax, who is required to pay it, how much money must be paid, when must it be paid, and,…

Dahlia had searched for a long time for a small apartment for her personal use. She lived alone and did not need a big place. One day she received an especially lucrative offer in one of the northern neighborhoods of Rishon LeZion, Israel. It was a small studio apartment, which she was offered at a…

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…