Urban renewal
In recent years, there has been significant growth in the scope of urban renewal type real estate projects (TMA 38). The projects provide a huge advantage in the optimal utilization and improvement of real estate rights, which are of the type found in the market: a "normal" residential apartment.
These projects are complex and include many layers, including: tenants' rights, aspects of planning and licensing, dealing with public and governmental bodies, layers of financing and taxation, and more. The extensive experience gained in the office during the years of its activity, makes it possible to deal with the complexity of transactions in the field of urban renewal on all levels, in the highest quality and best manner, starting from the initiation and early planning phase, as well as assisting in the selection of the developers, legal representation during negotiations and the preparation of engagement agreements, including all the required accompanying documents For the execution of the contract between the parties, our office offers legal support with regard to bank support and project financing, legal support of the procedure in the various planning committees, negotiations with tenants and drawing up agreements with them, support in the construction process, appropriate reports to the real estate taxation authorities, correction of the house registration order. the common and more. Our firm also specializes in representing buyers of new apartments (the contractor's apartments) in urban renewal projects, and is on guard for them with regard to the acquired rights, their guarantee, their registration and more.
Buying an apartment in an urban renewal project is not similar to buying an apartment from a contractor, or from a previous owner, and additional points that are unique to such a purchase must be taken into account.
The office of Yosef Yeshuron & Co. has proven experience in accompanying and legally representing dozens of projects representing apartment owners, apartment buyers, entrepreneurs and contractors mainly in Haifa, Kiryat and Acre. The department is headed by the partner attorney Shahar Levinzon.
The skill and seniority acquired in our firm over the years, along with the firm's up-to-dateness in all relevant information, lead to the management of transactions while maximizing their terms. The professionalism, experience and expertise of the lawyer handling the urban renewal transaction are of utmost importance. The legal accompaniment is long-term and requires recognition of many and complex legal aspects, which require the lawyer to have an in-depth and high-quality acquaintance with the field.