Urban Renewal
Representation of developers in urban renewal projects
The firm represents developers in evacuation-reconstruction and Tama 38/2 (demolition and rebuilding) projects, including drafting agreements with apartment owners, liaising with authorities, handling tax matters and levies, financing agreements, coordinating with the financing bank, and sales agreements with new buyers. Our extensive experience ensures the proper management of every stage of the project — legally, in terms of planning, and financially.
Legal Support in Urban Renewal Projects – Tama 38 and Evacuation-Reconstruction
Fridman Giovanni & Co. accompanies urban renewal projects on behalf of tenants, developers, and buyers — from the negotiation stage through to the occupancy of the new apartments. These projects involve legal, planning, and tax complexities, making close, professional, and reliable legal support essential.
The firm specializes in all aspects of the process — including agreements, regulatory approvals, negotiations with tenants and authorities, and support for sales transactions of the new apartments in the project.
Representation of Tenants and Buyers – From Protecting Tenant Rights to Purchasing an Apartment in the Project
For existing apartment owners, we review the agreement, ensure that the commercial negotiation secures fair market-based compensation appropriate to the terms of the deal, and provide guidance in dealings with the developer and the financing bank.
For buyers, we review new apartment sales agreements, negotiate commercial terms and appendices, and ensure your rights are protected through to registration at the Land Registry (Tabu). Our guidance is delivered clearly and in a down-to-earth manner, with an emphasis on full transparency.
Key Stages in Legal Support – What Does Legal Guidance in an Urban Renewal Project Include?
✓ Analysis of existing rights and zoning
✓ Drafting agreements with tenants
✓ Representing tenants and developers
✓ Handling betterment levies and taxes
✓ Coordinating with city authorities, the Israel Land Authority, and government ministries
✓ Supporting buyers of new apartments
✓ Amending the condominium order and registering new ownership to reflect the updated status in accordance with the project.
Urban renewal is a rare opportunity — and with proper support, it’s a safe and worthwhile process for everyone.
