An Example of a Contractual Right and a Proprietary Right
- Buying an apartment in Israel
- Taboo - Land Registry
More about Ashdod
Let’s take a case where Abraham buys an apartment from Yitzhak.
Avraham pays Yitzhak the total amount and even gets possession of the apartment.
However, the apartment has not yet been registered in the “Tabu” in Avraham’s name for various reasons.
Suppose it was discovered that Yitzhak was a swindler and the apartment did not belong to him, or Yitzhak owed millions to the bank that imposed a ‘foreclosure’ on the flat.
In that case, it is possible that Avraham came out with his hands on his head, both losing his money and being expelled from the apartment.
Unless Avraham managed to register the apartment in his name in the Tabu, his contractual right becomes a property right, which allows him to grow old in the apartment until the age of one hundred and twenty years without fear.