In short
What does a lawyer do in a real estate development project?
The lawyer accompanies the developer from the land and title review, through the purchase or combination agreement, bank financing, permits and contractor agreements, to the sale contracts with buyers and delivery of the apartments.
The Land Deal
Before purchasing land or signing a combination deal, we examine the status of the rights, the plans that apply to the property and the actual building rights.
A combination deal requires a detailed agreement with the landowners: the consideration in apartments or floor space, the timetable and the security the developer provides to them.
Financing and Bank Accompaniment
In a project with bank accompaniment, the bank extends credit and issues guarantees to buyers under the Sale (Apartments) (Assurance of Investments) Law, 5735-1974. The agreement with the accompanying bank sets the conditions for extending the credit and for control of the project account.
Sales to Buyers and Handover
A uniform sale contract for all buyers, a technical specification, management of the caveats (he'arat azhara) and, at the end, registration of the building as a condominium (bayit meshutaf). A clear contract and a precise specification reduce disputes with buyers later on.
Adv. Kobi Bell is the owner and CEO of a real estate and engineering development company, and knows these stages from the developer's side as well.
What the service includes
- Land due diligence and combination deals
- Bank accompaniment agreements
- Sale contracts and specifications for buyers
- Condominium registration
When to contact us
- Before purchasing land or signing a combination deal
- Landowners are proposing a deal
- You are opening bank accompaniment for a project
- You are starting to market apartments to buyers
What to bring to the meeting
- A Land Registry (Tabu) extract and the plans that apply to the land
- The draft combination agreement
- The project budget and timetable
- The draft sale contract and specification
Real Estate Development throughout Israel
The firm represents clients from all over Israel: Jerusalem and the Shfela, Be'er Sheva, Ashdod and Ashkelon, Haifa and the North, the Sharon and Gush Dan. Meetings take place at our two Modiin branches, at the WE Towers branch in Tel Aviv or by video call, and documents can be sent in advance on WhatsApp. We represent clients in the courts, the Labor Courts and before planning committees throughout Israel. How we work with clients across Israel.
Frequently asked questions
What is a combination deal (iskat kombinatzia)?
A deal in which the landowner transfers part of the rights in the land to a developer and, in return, receives apartments or floor space in the building the developer constructs, instead of a cash payment.
What is closed bank accompaniment (livui bankai sagur)?
Accompaniment in which the bank controls the project account: the money from buyers is deposited into the account, and the bank releases it according to the progress of construction. This protects both the buyers and the bank.
Why is a uniform sale contract needed for all buyers?
A uniform contract and a precise specification reduce disputes and make the bank accompaniment and the condominium registration at the end of the project easier.
