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Latest Updates /  Real Estate

July 10, 2020

Roundtable Article of Urban Renewal Experts

In the weekend edition of Yedioth Ahronoth, urban renewal experts gathered to discuss burning questions in the field. Representatives from our firm commented on what alternative housing is and when a tenant is entitled to it

July 1, 2020

What to Do When a Tenant Stops Paying Rent

"Exposure", a leading Israeli investigative TV show, was dedicated Monday to lessees that lease prestigious property assets but then stop paying rent and refuse to vacate. The program featured interviews with the prominent Refaeli family, who were victims to a lessee they claim did not pay rent. After the show, host Haim Etgar interviewed Liat Keisary, a partner from our firm who works closely with HNW clients that lease out their properties. Liat clarified what to look for before leasing out a property, what to do if a tenant refuses to pay rent, and how to avoid such

March 23, 2020

The Corona Effect: Q&A on Real Estate

 As experts in the real estate field, our firm was interviewed about Globes about the use of the force majeure clause in real estate contracts We noted, "The law does not have a uniform definition of what a force majeure event is and interpretation is made in accordance with previous rulings.”

March 22, 2020

Israel Land Authority Says Appeals Committee Decision Only to Be Considered Recommendation

Adv. Hagit Ben Moshe was interviewed by TheMarker following the Israel Land Authority’s declaration that the Appeals Committee’s decision will only be considered a  recommendation and not an obligation. Hagit commented that “this decision could have far-reaching impact.”

March 16, 2020

Does a Delay in the Delivery of an Apartment Due to the Coronavirus Constitute Grounds for Untimely Delivery without Compensation?

What happens if a contractor’s workers do not come to work due to the spread of the coronavirus, and therefore cause delays in the delivery ? Will the buyer be entitled to compensation or will the delay be justifiable?

February 10, 2020

The Battle over Pinui-Binui: Ministry of Justice Wants You to Receive More for Each Apartment

Our firm was interviewed by Globes on the Urban Renewal Authority's latest initiative to limit the addition of space in the apartments of pinui-binui projects to 12 sq. m. We explained that this reduction represents another decrease in entrepreneurs' profit, thus jeopardizing the promotion of projects in this field.

December 11, 2019

Meetup for Real Estate Entrepreneurs on Crowdfunding

Our firm hosted today together with the crowdfunding platform Pipelbiz a meetup for real estate entrepreneurs. Dr. Zvi Gabbay lectured on raising capital for real estate projects through crowdfunding platforms. He also discussed real estate financing options, preconditions to raising money through a crowdfunding intermediary, and borrowing and investment disabilities.

December 10, 2019

Modifications to an Apartment at the Purchaser's Request Do Not Constitute Just Cause for Late Delivery of Possession

A recent judgment by the Hadera Magistrate's Court holds that modifications to an apartment made at a purchaser's request do not constitute just cause for late delivery and that the purchaser must be compensated for any delay.

December 5, 2019

Urban Renewal Authority Halts Projects Due to Improper Obtaining of Signatures

Our firm was interviewed by Globes on the Urban Renewal Authority's latest initiative to limit the addition of space in the apartments of pinui-binui projects to 12 sq. m. We explained that this reduction represents another decrease in entrepreneurs' profit, thus jeopardizing the promotion of projects in this field.

November 20, 2019

Event: Urban Renewal

Our office hosted today an event on urban renewal. The event dealt with the 2019 review of the field and projections for 2020. We also hosted the chairman of the Urban Renewal Authority and held an expert panel.

November 13, 2019

Elder Adato Moderates Mayoral Panel at the Israel Builders Association Conference

Elder Adato, the head of our Real Estate Department, moderated today the mayoral panel at the Israel Builders Association Conference. Participating in the panel were the mayor of Eilat, the mayor of Yehud-Monosson, the co-CEO of Shalom Et Nathan, and the chairman of the Israel Builders Association.

November 7, 2019

Assuring Apartment Purchasers' Money

Israeli's Ministry of Construction and Housing recently imposed a NIS 6.5 million financial sanction on the developer of a TAMA 38 project in Kiryat Bialik. The developer was fined after failing to produce a guarantee to purchasers of apartments in the project for funds they had paid toward the unit price, as required by the Assurance of Investments Law.

September 4, 2019

An Additional Barrier in Performing TAMA 38 Projects

In a precedential ruling, the Tel Aviv District Appeals Committee affirmed the Regional Planning and Construction Committee’s decision that in cases in which a new zoning plan provides more rights than those set in the TAMA 38 provisions, the consent of all residents is required.

September 2, 2019

Initiative to Increase Population Density in Residences

The National Committee for Planning and Construction has approved the Planning Administration’s initiative to amend the provisions of TAMA 35. The planned amendment will update the calculation method for the level of population density, from the number of residential units per square kilometer to the number of persons per square kilometer.

August 27, 2019

Renting or Leasing out an Apartment? Here’s What You Should Know

Many tenants move in August, so now is the perfect opportunity to refresh your memory on the rights and obligations of the parties involved (both the lessor and the lessee).

August 22, 2019

Maya Zisser Featured on Economic TV Program

Adv. Maya Zisser, a partner in the Real Estate Department, was featured on the economic TV program "Sogrim Heshbon." She discussed renting in Israel during the summer.

August 12, 2019

Renting or Leasing out an Apartment? Here’s What You Should Know

Adv. Alon Wolner published an article on the Walla news site on the rights and obligations of lessors and lessees.

July 31, 2019

Dramatic Decision on the Taxation of Trusts in Israel

The Tel Aviv District Court handed down a decision a few days ago rejecting the Israel Tax Authority’s (ITA) position on the conveyance of real estate properties to trusts. This decision dramatically changes the taxation of trusts in Israel.

July 24, 2019

Canceling Expropriation for Public Use – When?

The Supreme Court recently heard a case on the cancellation of expropriation and ruled that public interest prevails over the damage caused to landowners.

July 23, 2019

Interview about Purchasing Groups

Our firm was interviewed by TheMarker following publication that a group of apartment purchasers in the exclusive Blue project submitted a claim against Canada Israel. We explained more about purchasing groups and noted that "those who join purchasing groups become entrepreneurs together with the other group members and, as a result, are dependent on the management of the group. The group members have no final price for the apartment, there is no final date for occupancy, and there are no guarantees for the money that they pay. It is important to remember that despite the possibility of large savings in the value of the future apartment, which sometimes reaches 20%, there are many projects managed incorrectly and that sometimes even cost the group more money than they would pay if they were buying an apartment directly from a contractor."