Saved StoriesCatch upNotificationsSettings
Get Plus

Sign in to baba News

One account across the web, iPhone and Android — your subscription follows it.

or use an email code

By continuing you agree to the terms and privacy policy.

Search stories

Type at least two characters. Results come from every newsroom baba reads.

↑↓ to move · ↵ to open · esc to close

Sign in to baba News

Sign in to keep asking. News Plus removes the daily limit.

or use an email code

By continuing you agree to the terms and privacy policy.

Full coverage· Economy· Updated

Contractor Must Pay Buyer NIS 134,000 for 21-Month Apartment Delay

The Tel Aviv District Court upheld a NIS 134,188 compensation order against developer Ovi Hakora Megurim for a 21-month delay in delivering a Tel Aviv apartment. The court ruled the occupancy permit was essential for delivery and rejected the developer's appeal, finding the contract's compensation clause invalid.

1 newsroom · 1 language · since

Sign in to baba News

Sign in to save this article and find it on your phone.

or use an email code

By continuing you agree to the terms and privacy policy.

What happened

  1. 01Developer Ovi Hakora Megurim ordered to pay buyer NIS 134,188 for 21-month apartment delivery delay.
  2. 02Tel Aviv District Court rejected developer's appeal, upholding lower court's decision.
  3. 03Apartment delivery was contingent on obtaining an occupancy permit, which was delayed.
  4. 04Contractual compensation clause deemed invalid as it was less favorable than the law.
  5. 05Developer also ordered to pay NIS 15,000 in legal costs and fees.

The developer must also pay NIS 15,000 in legal fees.

Translated and summarized by baba from N12, the latest report. Read N12’s original

The coverage

One newsroom on this story

Who covered it

Coverage from N12 More reports may be added as coverage is matched.