​​In real estate transactions in Israel, rights in real estate are transferred from one party to another. These transactions are considered particularly complex both economically and legally, as they involve land and property rights. Numerous preliminary checks are required to ensure that all details and rights are properly arranged.

Some of the common preliminary checks in real estate transactions include:
•    Tax Check in Real Estate Transaction: In this check, we ensure that all necessary taxes on the purchase or sale of the land have been paid and are properly arranged. This includes checking real estate taxes such as purchase tax and capital gains tax. Purchase tax is paid by the buyer at the time of acquiring the property, and capital gains tax is paid by the seller for the profit made from the increase in the property's value over time. Additionally, we verify that there are no existing tax liabilities that could affect the transaction.
•    Rights and Liabilities Check: In this check, we ensure that the property is not encumbered by liabilities such as tax debts, purchase debts, and mortgage.
•    Licenses and Permits Check: In this check, we verify that the property includes all the necessary licenses and permits for use and construction.
•    Ownership and Use Rights or Existing Contracts Check: In this check, we ensure that the property is not subject to ownership and use rights such as direct ownership rights, indirect ownership rights, and use rights. Additionally, we verify that there are no existing contracts that could affect the transaction, such as lease agreements, property contracts, and purchase contracts.

We invite you to contact Yechiel Akish – Law Firm for professional and comprehensive legal advice. This way, you can be assured that all necessary checks and the entire process of transferring rights in the sale or purchase of a property will be performed in the most optimal manner.