Please reach us at jj@jjlaw.co.il or via Whatsapp at +972-54-4663163 if you cannot find an answer to your question.
The key steps include conducting due diligence on the property, negotiating and signing a purchase agreement, addressing purchase tax declaration and payment, obtaining financing if needed, and registering the property with the applicable registration agency or authority. I assist with each stage to ensure a smooth transaction.
Foreign buyers and sellers often face challenges related to language barriers, unfamiliarity with Israeli law, and complex bureaucracy. My role is to simplify these processes, provide clear communication, and address any legal hurdles on your behalf.
While non-residents can buy property in Israel, they may face additional steps, such as obtaining approval from certain authorities or dealing with foreign currency restrictions. I specialize in helping non-resident clients navigate these additional requirements smoothly.
Property transactions in Israel are subject to several taxes, including Purchase Tax (Mas Rechisha) for buyers and Capital Gains Tax (Mas Shevach) for sellers. There are other potential tax liabilities, mainly with respect to the seller, including property tax, betterment tax and potential development levies. I can provide detailed advice on how these taxes apply to your transaction and help you plan accordingly.
In Principle, property ownership in Israel is registered with the Land Registry, commonly known as Tabu. But in many cases there is an alternative registration with the Israel Land Authority (Reshut Mekarkei Israel) or the commercial contractor that has constructed the building. While these variations create quite a bit of bureaucratic complexity, these are standard options, which do not derrogate from the value of any property. These registries records legal rights to property, including ownership, tenancy, mortgages, and other liens. I handle the registration process on your behalf to ensure your rights are properly documented
The timeline for completing a real estate transaction in Israel can vary depending on factors such as the complexity of the deal, the responsiveness of the parties involved, and any legal or financial issues that arise. On average, it can take three to six months from the initial agreement to final payment and transfer of possession. I work diligently to ensure your transaction proceeds as quickly and smoothly as possible.
Long-term tenancy agreements in Israel must comply with specific legal requirements to be enforceable. These agreements typically cover the terms of the lease, rent, maintenance responsibilities, and the rights and obligations of both parties. I can draft or review your lease to ensure it meets all legal standards and protects your interests.
If you’re ready to discuss your real estate needs in Israel or have any questions about how I can assist you, don’t hesitate to reach out. I’m here to provide you with expert legal guidance and ensure your property transaction is handled with care and professionalism.