Israel's Wild West Rental Market - Realtors' Fees And The Fair Rent Law
Channel: Daniel Rosehill
Date: 2023-07-18

In an attempt to bring some order to its rental market, in 2017, Israel introduced the Fair Rental Law (חוק השכריות הוגנת) - intended to provide some basic tenant protections including setting out conditions for rental dwellings that could be deemed legally uninhabitable.

One of the provisions that the legislation intended to introduce was barring landlords from forcing tenants to pay "third party" costs associated with renting their property to tenants - including hiring realtors to show the property.

Unfortunately realtors reacted to this development by coming up with a genius and legally dubious system: forcing tenants to sign "agreements" prospectively hiring them as a condition of seeing rental properties. These "viewing agreements" have now become an entrenched fact of life for those attempting to rent property in Israel.

#renting #housingmarket #realestate 
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By: Daniel Rosehill 

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