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Urban Renewal and Pinui-Binui Lawyer
Urban renewal
Paz Israel & Co. is a boutique law office specialising in real estate, and in urban renewal in particular: TAMA 38 reinforcement and demolition-reconstruction projects, the Shaked alternative and pinui-binui. Our office is dedicated to representing apartment owners in all types of urban renewal agreements. Our professionalism, expertise, service and approach are the basis of our success.
TAMA 38 and single-building renewal
We provide legal support to apartment owners in reinforcement and demolition-reconstruction projects, protecting their rights throughout. This includes helping owners choose a developer, among other things by preparing questionnaires that allow offers to be compared properly while maximising the owners’ consideration; finding creative solutions for elderly owners and owners with disabilities; representing the owners in legal and commercial negotiations; and acting as their legal and professional arm at every stage of the project.
Pinui-binui
Pinui-binui (evacuation and reconstruction) projects renew residential areas by demolishing existing buildings and constructing new ones, with spatial planning of the whole compound, including the public areas required by the local authority. Our office has broad experience in the field, enabling us to bring many transactions to a successful close on the basis of wide support from the owners and to meet all our clients’ needs within the project.
Our legal support covers every stage: organising the owners and reaching an agreement in principle among them, holding a developer tender, professional negotiation, drafting a binding agreement, support before the planning committees, overseeing the project’s financing arrangements and the required charges to give owners maximum security, and following the project until the new apartments are delivered and registered at the Land Registry.
Who should you contact for pinui-binui advice?
If you need legal advice and support on urban renewal and pinui-binui, Paz Israel & Co. supports many clients every year in real estate and urban renewal matters. Contact us – an experienced, highly professional team of lawyers is at your service.
Guides and articles on pinui-binui
- A Lawyer for Apartment Owners in Pinui-Binui: Why Separate Representation, and Who Pays?
- Required Majority in Pinui-Binui: How Many Signatures, and What About Holdouts?
- What Do Owners Get in Pinui-Binui? The New Apartment, Extra Space, Safe Room, Parking and Balcony
- Rent During Pinui-Binui: How Much, Until When, and What If Construction Is Delayed?
- Taxes in Pinui-Binui: Capital Gains Tax, Purchase Tax and Betterment Levy for Owners
- How to Choose a Developer for Pinui-Binui: Tenders, Financial Strength and Experience
- The Pinui-Binui Agreement: Key Clauses Apartment Owners Should Check
- Pinui-Binui for Elderly Owners: What Alternatives Must the Developer Offer?
- TAMA 38, the Shaked Alternative or Pinui-Binui: What’s the Difference?
- Stages of a Pinui-Binui Project: From the First Meeting to Receiving the Keys
- Organizers and Early Agreements in Pinui-Binui: What Not to Sign Too Quickly
- I Have a Mortgage on My Apartment: What Happens in Pinui-Binui?
- Guarantees in Pinui-Binui: What Apartment Owners Should Check Before Vacating
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Prenup When One Partner Is a Foreign Resident or New Immigrant
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Frequently asked questions
What is Pinui Binui?
An urban renewal project in which an old building or complex is demolished and new buildings are built in its place. Apartment owners usually receive a new, larger apartment, and during construction the developer funds alternative housing, as set out in the agreement.
How many owners need to agree?
Under the Evacuation and Construction (Compensation) Law, a single building requires the consent of owners of at least two thirds of the apartments, and a multi-building complex also requires two thirds in each building, subject to further conditions. This majority allows owners to go to court against an owner who refuses unreasonably.
Who pays the owners’ lawyer?
In most projects the developer bears the legal fees as part of the project costs. This should be set out in the agreement, and the lawyer should represent the owners only.
When should owners contact a lawyer?
Before signing any document, even one called a “letter of intent” or “memorandum of principles”. Early documents may tie the owners to a particular developer.
How long does a Pinui Binui project take?
Usually several years, from organizing the owners through plan approval and permits to construction and handover. The timeline depends on planning status, the developer and agreement among the owners.