Buying an Apartment
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Question
Hello and blessings! With God's help, we are about to buy an apartment. We wanted to ask about the heter iska. The lawyer writes in the contract as follows: Is this wording acceptable? Heter Iska – The interest/penalty/compensation according to the agreement between the parties is according to the heter iska as per the wording in the book "Torat Ribit". Everything stated in this agreement is done not as an asmachta, with a kinyan agav sudar and any other effective kinyan in an important Beit Din. All conditions in this agreement are double conditions like the conditions of the sons of Gad and the sons of Reuven. For each payment, a proportional part of the apartment is sold to the buyer, all on the condition that the buyer completes the payment of the entire amount on time. Thank you very much and have a good Shabbat.
Answer
Hello
I showed the text you sent to our teacher, the Gaon, Rabbi Avraham Fried, shlita
and he approved the text.