If an Apartment Is Owned by Multiple Owners (718)
Selling an apartment registered under multiple owners requires special attention.
In Israel, each owner has equal rights to their share, and ignoring these rules can lead to refusal of the transaction or legal disputes.
This article explains the steps needed to sell an apartment with multiple owners safely and legally.
Key Points
- Consent of all owners
- All owners must provide written consent for the sale.
- Without the consent of even one owner, the sale cannot proceed.
- Ownership shares
- If the shares are unequal, the sale price is divided proportionally.
- It is important to record these shares in the contract.
- Preliminary contract and earnest money (דמי רצינות)
- The contract should reflect the consent of all owners and the distribution of the earnest money.
- The earnest money may be retained if the buyer withdraws, but rules apply to all owners.
- Registration in Tabu (נסח טאבו)
- All owners must sign the documents for the Tabu registration.
- Without each owner’s signature, registration and transfer of ownership are impossible.
- Legal support
- A lawyer ensures the transaction respects the owners’ shares and protects the rights of all participants.
- This prevents potential legal disputes after the sale.
Tips from Unehasim
- Collect written consent from all owners before selling.
- Clarify ownership shares and the distribution of funds.
- Consult a lawyer at every stage of the transaction.
- Keep all documents and correspondence to protect your rights.
Following these rules allows you to sell an apartment with multiple owners safely and avoid conflicts.
Contact Unehasim Specialists
If you plan to sell an apartment in Haifa registered to multiple owners, Unehasim specialists can help:
- Verify ownership shares and consent of all owners
- Prepare a contract reflecting all rights and obligations
- Facilitate Tabu registration
Ensure a safe and transparent sale
