Can the Va’ad Bayit Demand Payment Without the Consent of All Residents?
A recent court ruling examines whether a Va’ad Bayit can require all condo owners to contribute to renovations of a shared property without obtaining unanimous...
Category: Law & Taxation
Buying Property Through Receivership, Liquidation, or Enforcement: When Can an Agent Charge Commission?
Buying a property in Israel through receivership, liquidation, or enforcement can offer unique opportunities, but it also adds complexity, especially regarding broker involvement and fees....
Can You Trust the Land Registry? What One Inheritance Dispute Reveals About Property Law
An inheritance dispute over jointly owned property exposed the complexities of relying on Israel’s Land Registry. When a buyer purchased land from someone whose ownership...
Can a Revoked Will Be Used as Collateral for a Real Estate Loan? The Supreme Court Says No
The Israeli Supreme Court ruled that a will—even if once valid—cannot serve as collateral for a loan, particularly in real estate transactions that require a...
Pensioners and Jerusalem Couple Among Top Offenders in Rental Income Tax Evasion Report
The Tax Authority has released the 2023 decisions of the Compromise Committee, with 55 out of 97 cases involving income tax and real estate taxation....
Do Storage and Safe Rooms Count Toward the 140 sqm Betterment Levy Exemption When Expanding a Home?
A recent court ruling clarified that when calculating the 140 sqm exemption from the betterment levy for expanding a residential apartment, the areas of storage...
Bank of Israel to Impose Credit Restrictions on Financing Deals for Purchasing Apartments
This was reported this morning (Wednesday) by Calcalist. According to estimates, a binding directive will be issued in the coming weeks requiring banks to allocate...
Prioritizing Ownership Rights and Good Faith: How are Conflicting Real Estate Transactions Resolved in Israeli Law?
A recent Israeli district court ruling addressed the legal complexities of conflicting real estate transactions, determining the priority of ownership rights when claims overlap. The...
Major Overhaul in Real Estate Brokerage Regulations in Israel: Aligning the Industry with Global Standards
Israel’s real estate industry is undergoing a significant transformation with the introduction of the Real Estate Brokers (Ethics and Professional Duties) Regulations, 2024, set to...
Discovered severe damp issues in a purchased apartment: Does nondisclosure breach good faith?
In Israeli real estate transactions, trust and transparency are crucial. Buyers rely on sellers to disclose material details that could affect their decision, such as...