Buying a New Apartment from a Developer (“On Paper”)
Buying from a developer requires a thorough review of the sale contract and timetables. We examine the guarantees and the developer’s compliance with the Sale (Apartments) Law. We check:
- Developer identity: verifying land registration and checking for encumbrances.
- Guarantees and securities: Sale-Law guarantees and compensation mechanisms for delayed delivery.
- Technical specification: contractual and tax implications of changes and additions to the structure.
Buying and Selling a Second-Hand Apartment
In second-hand transactions, we emphasize checking the rights and planning status before signing any preliminary memorandum. Our legal support includes:
- Title extract review: verifying the asset’s status and checking for municipal debts or building violations.
- Balanced contract drafting: payment terms, delivery date, and breach sanctions.
- Bank coordination: aligning mortgage registration with the banks and managing liens through closing.
Preliminary Checks and Smart Tax Planning
We conduct preliminary inquiries with the Land Registry, the Israel Land Authority, and municipal authorities. We also handle purchase tax and capital gains tax aspects of the deal. Early tax planning prevents expensive surprises, and we verify eligibility for tax benefits.
