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Real Estate

Our firm handles all aspects of real estate matters: sale transactions, combination transactions, entrepreneurship, financing, urban renewal, planning and building, purchasing groups, buyer groups, and representation and registration of hundreds of new housing units within the scope of registering condominium buildings.

Our Real Estate Department offers comprehensive legal services and guidance throughout all stages of a transaction – providing preliminary legal advice; performing all requisite due diligence examinations; conducting negotiations; and preparing sale agreements, lease agreements, and combination agreements.

 

Our firm handles bank-financing agreements, agreements with contractors and various consultants, issues relating to construction processes, and post-sale or post-lease issues. It also oversees the registration of parcels, condominium buildings, and rights.

 

We specialize in assisting in relation to real estate taxation, purchasing groups, and sales of properties under receiverships. We represent clients in court, in appeals committees, and before planning authorities.

 

Our clients include private, public, and government companies; institutional entities; entrepreneurs; construction companies; contractors; and purchasing organizations.

 

Adv. Eldar Adato, the head of the department, has amassed more than 20 years of legal practice in the field of real estate. Eldar is considered an expert in the real estate field, particularly in planning and building laws and real estate taxation. He has earned an outstanding reputation in the urban renewal sector.

 

Eldar is a consultant and lecturer for a variety of forums. He is one of the facilitators of the program “Real Estate Time” on Channel 13. In addition, he is regularly invited to the planning committees of the Israeli parliament as an expert advisor.

News and updates - Real Estate:


January 17, 2021

A new Supreme Court ruling considers the municipal property taxes for common areas in malls and shopping centers

The Tel Aviv Municipality sent the Ramat Aviv Mall a municipal property tax bill for its common areas. The mall’s management argued that shop tenants must pay municipal property tax payments for these areas, under their lease agreements with the mall.

October 29, 2020

An Urban Renewal Project Agreement Is Not Transferrable

In urban renewal projects, residents or owner’s rights holders select the company with whom they are willing to embark upon this long journey, based on relationship of trust and competence. The trust required leads both parties to execute a binding agreement. Understandably, residents expect the company which whom they have contracted with to remain unchanged and not for those rights not to be transferred to other parties.

August 13, 2020

Supreme Court Reduces Protection for New Apartment Buyers

A new Supreme Court ruling determines that a warning note may not be used as collateral for buyers of apartments in a TAMA 38 project in Ramat Gan in which the developer went bankrupt. In light of the ruling, Elder Adato, the head of our Real Estate Department, was interviewed by Calcalist. He commented: "In dozens of TAMA 38 projects all over the country, the only collateral home buyers received until now was a warning note. These warning notes were primarily intended to ensure the money of home buyers. It is important to note that this ruling applies only to a specific event, in which the contractor collapsed and the warning notes constituted an 'onerous asset' for the completion of the project. "

Real Estate

Our firm handles all aspects of real estate matters: sale transactions, combination transactions, entrepreneurship, financing, urban renewal, planning and building, purchasing groups, buyer groups, and representation and registration of hundreds of new housing units within the scope of registering condominium buildings.

Our Real Estate Department offers comprehensive legal services and guidance throughout all stages of a transaction – providing preliminary legal advice; performing all requisite due diligence examinations; conducting negotiations; and preparing sale agreements, lease agreements, and combination agreements.

 

Our firm handles bank-financing agreements, agreements with contractors and various consultants, issues relating to construction processes, and post-sale or post-lease issues. It also oversees the registration of parcels, condominium buildings, and rights.

 

We specialize in assisting in relation to real estate taxation, purchasing groups, and sales of properties under receiverships. We represent clients in court, in appeals committees, and before planning authorities.

 

Our clients include private, public, and government companies; institutional entities; entrepreneurs; construction companies; contractors; and purchasing organizations.

 

Adv. Eldar Adato, the head of the department, has amassed more than 20 years of legal practice in the field of real estate. Eldar is considered an expert in the real estate field, particularly in planning and building laws and real estate taxation. He has earned an outstanding reputation in the urban renewal sector.

 

Eldar is a consultant and lecturer for a variety of forums. He is one of the facilitators of the program “Real Estate Time” on Channel 13. In addition, he is regularly invited to the planning committees of the Israeli parliament as an expert advisor.

News and updates - Real Estate:


January 17, 2021

A new Supreme Court ruling considers the municipal property taxes for common areas in malls and shopping centers

The Tel Aviv Municipality sent the Ramat Aviv Mall a municipal property tax bill for its common areas. The mall’s management argued that shop tenants must pay municipal property tax payments for these areas, under their lease agreements with the mall.

October 29, 2020

An Urban Renewal Project Agreement Is Not Transferrable

In urban renewal projects, residents or owner’s rights holders select the company with whom they are willing to embark upon this long journey, based on relationship of trust and competence. The trust required leads both parties to execute a binding agreement. Understandably, residents expect the company which whom they have contracted with to remain unchanged and not for those rights not to be transferred to other parties.

August 13, 2020

Supreme Court Reduces Protection for New Apartment Buyers

A new Supreme Court ruling determines that a warning note may not be used as collateral for buyers of apartments in a TAMA 38 project in Ramat Gan in which the developer went bankrupt. In light of the ruling, Elder Adato, the head of our Real Estate Department, was interviewed by Calcalist. He commented: "In dozens of TAMA 38 projects all over the country, the only collateral home buyers received until now was a warning note. These warning notes were primarily intended to ensure the money of home buyers. It is important to note that this ruling applies only to a specific event, in which the contractor collapsed and the warning notes constituted an 'onerous asset' for the completion of the project. "

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