Lex developer – investor support
The law firm handles the preparation of the necessary documentation in order for an investor to obtain approval for a major construction project under the Housing Spec Act, a law also known as the Developer’s Lex.
Law of July 5, 2018. on facilitating the preparation and implementation of housing and related investments – as this is its full name – gives investors the opportunity to locate investments regardless of the provisions of the local plan, and in some cases also regardless of the provisions of the study.
Obtaining permission to carry out investments under the Housing Specust Law is done in the form of a resolution of the municipal council, issued at the request of the investor. The adoption of a relevant resolution by the municipal council significantly facilitates the stage of obtaining a construction permit.
The use of the mode provided for in the Lex developer, while complying with the relevant requirements set forth in the law, creates new and broader opportunities for investors compared to carrying out investments on the basis of development conditions or in accordance with the provisions of the local zoning plan