What Is a Heskem Rechisha (Purchase Agreement) in Israel?

A Heskem Rechisha (הסכם רכישה) is the formal, legally binding purchase agreement that transfers ownership of a property in Israel. It is drafted by the seller's lawyer and negotiated and reviewed by the buyer's lawyer before either side signs.

A complete agreement covers the exact property description (Gush, Helka, unit number), price and payment schedule, conditions such as mortgage approval and a clean Tabu, seller warranties on building permits and unauthorized construction, and penalty clauses for delay or breach.

Why it matters for a buyer: the Heskem Rechisha — not the earlier Zichron Devarim — is the document your lawyer should scrutinize closely. Standard "seller's form" contracts tend to favor the seller, so key clauses need active negotiation. Once signed, your lawyer immediately registers a Hearat Azhara in the Tabu to protect your position.

Source: Land Law 5729-1969; Contracts Law (Remedies for Breach of Contract) 5731-1970