The Jerusalem District Court recently ruled in favor of buyers of an apartment in Jerusalem, ordering the sellers to pay 32,500 shekels in compensation. This decision came after it was revealed that the sellers had concealed important information about the parking lot assigned to the building. Judge Moshe Baram partially upheld the sellers’ appeal against a previous ruling by the magistrate, reducing the compensation amount by half.
The case serves as a reminder for sellers to be transparent about all aspects of a property, including any ongoing legal issues or disputes that may impact the buyers. Failure to disclose such information can lead to costly compensation rulings, as seen in this case. It is important for both buyers and sellers to conduct thorough due diligence and communicate openly to avoid such disputes in real estate transactions.
Legal proceedings against one of the residents of the house had been ongoing for several years due to their illegal seizure and fencing off part of the common parking lot of the building. The compensation was awarded due to this failure by the sellers to disclose this important information, which affected access to parking at the property for buyers. This case highlights how crucial it is for buyers and sellers alike to fully understand all aspects of a property before making any decisions or agreements regarding its sale or purchase.
