Related expenses for the purchase of the apartment
- Buying an apartment in Israel
- Contract Structure
I have been asked more than once a surprising question, which probably stems from cultural gaps between Israel and other countries, regarding payments that are not included in the price of the apartment, such as taxes, professional fees, fees and more.
As long as there is no other provision in the contract, then according to section 7 of the Sale Law, “the seller must deliver the sale to the buyer and transfer ownership to him.
” In other words, the seller must pay a fee to professionals, such as a lawyer, as well as pay all fees, for the purpose of handing over possession of the apartment to the buyer, and for the purpose of registering the apartment in the name of the buyer in the registry.