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Insights & News / Real Estate
August 13, 2020
Supreme Court Reduces Protection for New Apartment Buyers
A recent Supreme Court ruling held that a warning note could not serve as security for apartment buyers in a TAMA 38 project in Ramat Gan after the developer went bankrupt. In an interview with Calcalist, our firm explained the implications: “In dozens of TAMA 38 projects across Israel, a warning note was the only security buyers received to protect their investment. It is important to emphasize that the ruling concerns the specific circumstances of this case, in which the contractor became insolvent and the warning notes constituted an ‘onerous asset’ that impeded completion of the project.”
August 10, 2020
Real Estate Investors: What to Know About Purchasing an Apartment Following the Decision to Lower Purchase Tax Rates
The Ministry of Finance has announced reduced tax rates for the purchase of an apartment for investment. How much will you pay and how can you choose the right tax payment route for you? Check out Adv. Liat Keisary’s guide for investors published by Mako.
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
Monday’s episode of “Exposure,” a leading Israeli investigative television program, focused on tenants who rent luxury properties but then stop paying rent and refuse to vacate. The episode featured interviews with members of the prominent Refaeli family, who alleged that their tenant had failed to pay rent. Following the broadcast, host Haim Etgar interviewed Adv. Liat Keisary, a partner at our firm who advises high-net-worth clients on renting out their properties. Liat explained what to consider before renting out a property, how to respond when a tenant refuses to pay, and how to reduce the risk of such situations.
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.”
February 10, 2020
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 square meters. 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 together with the crowdfunding platform Pipelbiz a meetup for real estate entrepreneurs. We lectured on raising capital for real estate projects through crowdfunding platforms, as well as real estate financing options, preconditions to raising money through a crowdfunding intermediary, and borrowing and investment disabilities.
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 square meters. 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
Mayoral Panel at Israel Builders Association Conference
We moderated 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.
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.
August 22, 2019
Adv. 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.
July 23, 2019
Interview on 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."
July 7, 2019
Building Removed from Pinui-Binui Plan Due to Residents' Objection
Our firm was interviewed by Globes about a pinui-binui project in Kiryat Yovel, Jerusalem, some of whose residents we were representing. Residents of the middle building objected to the plan before the Jerusalem District Planning and Building Committee, which eventually decided to exclude this particular building from the project. Our firm noted that this decision proves it is possible to make flexible plans and exclude buildings with objections while still otherwise approving pinui-binui plans.
July 3, 2019
Expected End Date for TAMA 38: May 2020
The Planning Administration revealed that the deadline for the completion of the TAMA 38 plan is May 2020. As expets in the field, our firm was interviewed by TheMarker on the matter. We noted that the Planning Administration's announcement entangles an entire industry built on the basis of TAMA 38, and projects that invested hundreds of hours of work and hundreds of thousands of shekels will be left orphaned and unable to implement.
June 12, 2019
First Pinui-Binui Project in Givat Olga
Our Real Estate Department is representing the entrepreneurs and some of the residents in a pinui-binui project on Hagdud Haivri St. in Givat Olga, Hadera.
April 4, 2019
How to Conduct Yourself When Building Defects Are Discovered in the Apartment You Purchased
Adv. Alon Wolner of our Real Estate Department spoke to Ynet about the legal steps buyers can take when they discover defects in their newly purchased apartments and which court to file a claim in.
February 19, 2019
Planning Administration to Seek Gov't Approval to Cancel Building Easements
Adv. Ariel Nadler was interviewed by Calcalist following notice of the Planning Administration's intent to bring to the government's approval a proposal to cancel building easements.
February 19, 2019
Adv. Ariel Nadler Interviewed on Globes' Facebook Live
Adv. Ariel Nadler was interviewed by Guy Liberman, the editor of Globes' real estate section, about the Director-General of the Planning Administration's initiative to cancel building easements.