The Limited Times

Now you can see non-English news...

Winners of a price per occupant in Jerusalem have been notified of a delay in signing the contracts - Walla! Of money

2022-07-07T09:06:42.346Z

The delay is due to the cancellation of the linkage to the construction input index, which the government decided on



Winners of a price per occupant in Jerusalem have been notified of a delay in signing the contracts

The delay is due to the cancellation of the linkage to the construction input index, which the government decided on.

Guy and Dorvo Levy, who announced the delay: "The company wants to continue to sign the tenants on the contracts, only to allow it to insert a very reasonable clause that if the High Court is accepted, the index will be updated in accordance with the ruling."

Between Ashkenazi

07/07/2022

Thursday, 07 July 2022, 11:53 Updated: 11:58

  • Share on Facebook

  • Share on WhatsApp

  • Share on Twitter

  • Share on Email

  • Share on general

  • Comments

    Comments

Notice from the contractor company as received by the winners of the apartments at "price per occupant" (Photo: screenshot, without)

Will the amendment to the Sale Law, which abolishes the linkage to the construction input index, lead to delays in the signing of the contracts of the winners of the price-per-tenant lottery?



Winners of the price per occupant in Jerusalem received an email this week informing them that the dates for signing the contracts with the winners of the apartments have been canceled.

The reason for the cancellation, according to the email sent by Guy and Doron Levy Engineering Construction Investments Ltd., is: "In light of the contractors' association's request to the Minister of Construction and Housing." The contracts will be transferred soon, "reads the email.



The background to the company's announcement is a letter sent by the Contractors Association to the Minister of Construction and Housing, Zeev Elkin, two days ago in which the association accepts the amendment to the Sale Law according to which only a delay in handing over an apartment caused by an act or omission of the buyer will be considered unjustified delay.

And the determination of a restriction of linkage to the index of construction inputs or to the index of construction inputs for trade, to the construction component only, as well as a prohibition on linkage of the other components of the transaction.



According to the letter, the Contractors 'Association intends to file a lawsuit against the amendment to the Sale Law. However, a spokesman for the Contractors' Association emphasized to Walla



! , Are not clear enough, but in this context it should be noted that some of the winners received a draft contract stating that "indexation will be done according to the rate of increase from the base index set on the day the contract is signed to the known index on the day the payment is made."



Winners of the apartments who asked not to be identified lest they be swallowed up, knew to tell Walla that the feelings following the company's decision not to sign the contract, "from day to day" in their words and that they have been waiting for several years to sign the contract

Good to know (promoted)

Exclusive entrance to an electronic music festival full of high energies

Submitted on behalf of XL Israel

Dreaming of a new apartment?

Wait, there's a delay (illustration) (Photo: ShutterStock)

Guy and Doron Levy

stated that "the company began to sign the winners of the project on the contracts a few days ago with a desire to implement the terms of the new law. However, yesterday it was announced that the Contractors Association is submitting to the High Court.

Understanding that the ambiguity exposes the company to a large financial risk, of millions of shekels in each project, in light of the rise in the index and the rise in raw material prices, we informed the tenants that the signings have stopped.

However, we intend to submit today



a letter from the company's legal counsel to the control company on behalf of the Ministry of Housing, in which we request to return and sign the tenants while adding a clause in the body of the contract that says if the High Court is approved then the tenants will pay According to the terms of the new law. "



The response of the Ministry of Construction and Housing will be published when received.

  • Of money

  • news

Tags

  • Price per occupant

  • Apartments

  • Construction Input Index

Source: walla

All business articles on 2022-07-07

You may like

Trends 24h

Business 2022-08-15T10:16:42.917Z

Latest

© Communities 2019 - Privacy