If you plan to buy or sell residential property in Israel, you need to comply not only with the requirements of real estate law but also with any applicable probate laws. Buyers and sellers from other countries are often surprised at how these laws intertwine in Israeli real estate transactions.
Aharoni Law Firm manages legal compliance for international individuals and businesses buying or selling property in Israel. We handle all aspects of transactions so that you can complete a purchase or sale remotely at your convenience.
What to Monitor?
In addition to the general issues involved in the buying or selling of residential real estate in Israel, there are also legal and probate-related issues to consider, including:
Inheritance Laws
If the property is being sold by an estate, the buyer must be aware of the applicable inheritance laws that may affect the transfer of ownership.
- Wills: If the property is being sold by an estate, the buyer must ensure that the seller has a valid will in place and that all estate-related legal procedures have been properly followed.
Power of An Experienced Attorney
If the seller is unable to sign the sale agreement in person, they may need to grant a power of attorney to an agent who can act on their behalf.
Legal Representation
Both the buyer and seller should consider obtaining legal representation to ensure that their rights and interests are protected throughout the transaction.
Regulations and Restrictions
The buyer must be aware of any regulatory restrictions or limitations that may affect the use of the property, such as zoning regulations, building codes, and environmental protection laws.
Tax Implications
The buyer and seller must understand the tax implications of the transaction, including capital gains tax and transfer taxes. Failure to comply can be very costly.
Dispute Resolution
In the event of a dispute, the buyer and seller must be aware of the options for resolving the dispute, such as mediation, arbitration, or litigation.
Protect Your Interests by Working with an Experienced Israeli Real Estate Lawyer
Aharoni Law Firm vigorously represents international clients in residential and commercial real estate transactions, and we are the best-reviewed law firm in the world.
We invite you to find out why. We will manage your transactions efficiently and advocate zealously on your behalf. Schedule a free consultation today with our highly experienced Israeli lawyer, Rahav D. Aharoni, at 888-923-0022 (US/Canada) or 972-3-9055478 to learn how we can help you.
