Do you give a warranty on the buildings you build? Are there any pitfalls to such a warranty?
GARTAL provides a standard warranty of 24 months from the acceptance of the property. That way, as the buyer, your warranty period is not reduced by the duration of the occupancy permit proceedings. Fixtures in...
What about contracts? What type of a contract do we sign?
With each client, we sign the type of contract that corresponds to the given stage of project implementation. That means that, at the beginning, we sign a property reservation agreement, then an agreement to conclude...
Are there any other ways of restricting disposals with a property?
Another type of restriction of disposal with real properties are easements, which, for example, establish the right of a third party (other than the owner) to use the property or the right of the owner...
What is the property tax rate? When is it due?
Every owner of a real property (apartment, house, land) registered as the owner in the Land Register, as at 1 January of the given year, must file a property tax return by the end of...
In the case of co-operative ownership, the purchaser owns a share in a housing co-operative, which guarantees him a right to enter into a lease agreement for an apartment, i.e., the right to use a specific apartment. The buyer, in this case the person acquiring a share in a co-operative, becomes a member of the housing co-operative which is the factual owner of the property in which the apartment (subject of lease) is located. A share in a co-operative can, just like an individually owned flat, be inherited, with the same treatment in estate proceedings.
In the case of a purchase of an individually owned property, the buyer becomes the direct owner of the property.
There are several advantages of co-operative ownership as compared to individual:
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