Apartment contracts
The field of apartment contracts is a unique legal field that requires great experience and expertise. In a variety of areas related to the subject directly and indirectly, including:
A legal examination of the property must be conducted, in which it must be checked whether there are any liens, foreclosures, obligations, etc.
The customer’s attention must be drawn to checking the physical condition of the property, and receiving detailed information on whether additional attachments such as warehouses, parking lots, etc. have been promised, and ensuring that the attachments are registered properly.
When signing the agreement, a correct payment system must be planned, and both the sellers’ mortgage payments and the financing taken out by the buyer, and the payment stages, must be integrated into it.
One must be on guard and neutralize harmful, frustrating, and dangerous clauses – which may lead the customer into unnecessary complications and financial hardship.
Proper tax planning must be carried out, and appropriate collateral must be provided to ensure the payment of taxes applicable to the counterparty, in a manner that ensures the completion of the transaction.
Sometimes legal and correct planning results in reductions of tens of thousands of shekels and sometimes even more in tax payments.
A transaction to purchase an apartment is often the largest, most significant and most important transaction that a private client makes – and it is of great importance to carry out the transaction in the correct, safest manner and while providing the best protection for the client.
Our office has experience in thousands of individual transactions carried out over the years, in transactions in which our office represented the buyers, or the sellers, and often both parties to the transaction.
Our office is in constant and daily contact with the various authorities, land registration offices, and land tax offices throughout the country, and the office’s team works to provide the best professional service for the client.