After years of expectations, the government has approved the legislative amendments needed to promote “Urban Renewal” projects in Israel. While everyone is talking about the amendment lowering the threshold of consent for...more
11/10/2021
/ Affordable Housing ,
Amended Legislation ,
Apartments ,
Condominiums ,
Housing Developers ,
Property Tax ,
Public Housing ,
Public Private Partnerships (P3s) ,
Real Estate Development ,
Residential Real Estate Market ,
Senior Housing ,
Tax Exemptions ,
Urban Planning & Development ,
Zoning Laws
An Israeli court recently rendered an interesting ruling on the impact of COVID-19. The case is question involved the lease agreement for the operation of a hotel. The lease agreement, executed in February 2020, provided...more
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...more
With the spread of coronavirus, many home buyers are living in a state of uncertainty. What happens if a contractor’s workers do not come to work due to the spread of the virus, and therefore cause delays in the delivery of...more
The Real Estate Law (Reinforcement of Condominiums against Earthquakes) 5768-2008 (the “Reinforcement Law”) provides that in order to perform a TAMA 38 plan on a building under the “demolish and build” track, a majority of...more