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Mandatory Conditions for Pinui & Binui Projects

Urban renewal projects have sparked a great deal of interest. Many want their building to be renovated as a pinui & binui project, but in order for such a project to be implemented, a number of conditions must be met. We asked Eldar Adato, the head of our Real Estate Department, to highlight key things to know when starting an urban renewal project and which terms are important to include in the signed project agreements.

 

 

 

 

Tenant consent: What is the consent percentage required to approve a pinui & binui project, and is it equal to other types of projects, such as TAMA 38 (reinforcement)?  

 

Tax exemption: Is there any tax benefit to apartment owners in pinui & binui projects? Who is supposed to make tax payments, if applicable?

 

Source: barlaw.co.il

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