Registering rights in an apartment: the Land Registry, the cautionary note and what you need to know
Registering rights in an apartment, in a 30-second video
Video transcript
3 things worth knowing about registering rights in an apartment. A real estate transaction is completed by registration. Until then you hold an obligation, not ownership, so registration is the conclusion of the transaction. Between signing and registration you are protected by a cautionary note, which blocks a conflicting transaction and is registered at the Land Registry (Tabu). Not every apartment is registered at the Tabu: there is the Israel Land Authority and there are housing companies, and the source of the right determines what security you can obtain.
In brief
A real estate transaction is completed by registration; until then you hold a contractual undertaking, not ownership. Between signing and registration you are protected by a cautionary note, which blocks any conflicting transaction and is recorded at the Land Registry. And not every apartment is registered at the Land Registry: some rights are held with the Israel Land Authority and some through a housing company, and the source of the right determines what security can be obtained.
The full explanation: Tabu, the ILA and housing companies: where exactly are your rights registered?. The question sounds technical, but it determines which documents you will receive, what security can be registered, how long it will take to complete the transaction, and what exactly you have bought.
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