Who is Israel Lands Authority?
Historically, a good part of the land in Israel was bought by Jewish organizations such as the Jewish National Fund (Keren Kayemet L’Israel). Upon Israel’s founding, these groups turned over their land rights to the state, which set up the Minhal to administer them. So we find that the property rights in many Israeli homes are based on leases from the Minhal. These are usually short leases (49 years) but experience has shown that the Minhal always renews them. This cumbersome structure, which impacts so many Israelis, was changed in recent years so that if the lease is capitalized there is no Agreement or Lease Fees.
