An Example of Interlocking and Conditional Charges
- Buying an apartment in Israel
- The Sales Contract
A practical example of contingent charges in sales contracts are the financing provisions for the purchase by a mortgage bank.
A buyer will not receive financing from purchasing the apartment if the seller does not sign relevant forms for this purpose.
Therefore, the buyer’s charge is to pay out the mortgage money. This is a conditional charge that the seller signs the forms.
About interconnected charges, it is also accepted under section 23 of the Sale Law that the seller will hand over the possession of the apartment to the buyer at the same time as paying the total cost on the part of the buyer.