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26 Dizengoff, Netanya
GIIGestion immobilière en Israël

FAQ

Your questions, answered

The questions overseas owners ask us most often, answered properly rather than with sales copy.

The lease and the guarantees


Who writes the lease, and is it really included?

Every lease is drafted and reviewed by a specialist law firm, and that work is included in the management fee. A loose lease always gets paid for later, at the exact moment you need to enforce a guarantee.

What is a Shtar Chov, and why does it matter?

A Shtar Chov (שטר חוב) is a promissory note signed by the tenant and their guarantor for an amount fixed in advance in the lease. Nothing is paid when it is signed: it becomes enforceable if the tenant damages the property or fails to pay what they owe.

It is one of the strongest protections available to a landlord in Israel, provided it is drafted properly. At GII it is part of the file prepared by the law firm that writes your leases.

Does the tenant have to be insured?

Yes. The lease we use requires the tenant to hold third-party liability insurance, known in Hebrew as צד ג׳. It covers damage they cause to the apartment, to the common areas or to neighbours, a water leak being the classic example.

We check the certificate before the keys are handed over.

What happens if the tenant stops paying?

We chase from the first day the rent is late, then use the protections written into the lease: the deposit already collected, formal notice to the guarantor, and the Shtar Chov where the situation warrants it. You are told at every stage, and the law firm takes over if proceedings become necessary.

Do you really inspect the apartment during the tenancy?

Twice a year. The inspection covers the condition of the property, how it is being looked after and whether the tenant is meeting their obligations. It is what catches a leak or neglected maintenance before it turns into a serious bill at the end of the tenancy.

Day-to-day management


I live abroad. How does this work in practice?

That is the situation of most owners we work with, whether they are in New York, London, Toronto or Paris. You do not need to fly in: we show the apartment, vet the applicants, sign the lease with the tenant and run the day-to-day on the ground.

You deal with us in English or French. Decisions that commit your money, a repair quote for instance, always come back to you first.

How and when do I receive the rent?

Rent is collected and then deposited to your bank account. We reconcile the charges that fall to the owner and send you the detail of what came in and what went out over the period.

Who decides on repairs, and who pays?

Small everyday repairs are dealt with straight away so that nothing is left to get worse. Beyond that, you receive a quote and we wait for your approval before committing your money.

The split follows the lease: routine upkeep falls to the tenant, structural repairs and worn-out equipment fall to the owner.

Do you handle furnished lettings?

Yes. The Israeli market rents mostly unfurnished or part-equipped, with a fitted kitchen and air conditioning, and we handle furnished lettings as well, adjusting the inventory in the condition report accordingly.

We do not handle short-term holiday lets. That is a different business with different rules.

My apartment is already let. Can you take over?

Yes. We take the file as it stands: current lease, existing guarantees, tenant details, payment history. We identify what is missing, an insurance certificate or a badly drafted guarantee for instance, and put it right at the first opportunity.

Fees, tax and coverage


What does management cost?

Our fee is the equivalent of one month’s rent per year. On twelve months of rent collected, one month pays for the complete management of the property.

From the third property onwards, the fee drops by 10 percent. Drafting of leases by the law firm is included, with no surcharge.

What is included in the fee?

Finding and vetting the tenant, drafting the lease and the guarantees through the law firm, condition reports in and out, rent collection and transfer, reconciliation of charges, coordination of repairs and claims, and the twice-yearly inspection.

What remains yours are the costs that belong to an owner: works, building levies and taxes payable by the owner, and insurance of the structure.

How is rental income taxed?

Rent from residential property in Israel falls under Israeli tax rules, with several possible regimes depending on the total collected and on your own situation. If you are a US citizen or green card holder, you also have reporting obligations at home, whatever you pay in Israel.

Thresholds and rates change, and your personal circumstances change the answer. We point you to an English-speaking accountant in Israel and supply the rent statements they need. Tax advice itself is not something we provide.

Which areas do you cover?

Our office is in Netanya, 26 Dizengoff, with the entrance on Kikar Atzmaut. We work in Netanya and the surrounding area, and in the main cities where overseas owners buy. The simplest thing is to call us with the address: if we are not the right people for that property, we will say so.

How do we start?

With a few minutes on the phone about the property: where it is, its size, its condition, whether it is empty or tenanted. You come away with a realistic rent figure and a clear picture of what management covers. Call +972 54 251 64 35, or message us on WhatsApp.

These answers describe how we work and the usual framework for residential letting in Israel. They are not legal or tax advice; for your own situation, ask a lawyer or an accountant.

A question that is not on the list?

Ask it directly. You will get a straight answer, even if the answer is that we are not the right people for your situation.

Or fill in the form, we will call you back.

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