By ANNAMARIA ANDRIOTIS First came superstorm Sandy. Next came a different kind of deluge. Insurance agents and brokers say calls from homeowners inquiring or applying for flood insurance—which isn’t included in standard homeowner’s-insurance policies—have picked up since Sandy hit the East Coast in October. Most of the demand is coming from clients in Connecticut, New
Read more %1$sNEW Corporate Offices May Not Include…Offices!
Office space is changing. That is for sure. In the last two years I have worked with three Fortune 500companies that have cut their existing offices spaces by more than 50% (without cutting employees). Hard walls are out. Cubes are in. There are reasons for this:
Read more %1$sNew Use for an Old Tool: Collecting Rent With an Account Stated, New York Law Journal
Commercial leasing litigation has become an art form and in states like New York, attorneys have, as a result of technicalities, suffered non-paying tenants remaining in possession for years.2 Against that background, two New York seated courts have refurbished an old weapon for property owners to use in their battles against commercial tenants unjustifiably failing to pay rent.
Read more %1$sPitfalls for Buyers: Careful Drafting, Detailed Inquiries Minimize Risk, New York Law Journal
Recent case law demonstrates that buyers of residential property with rent-regulated units have been blind-sided by financial risks arising from their attorneys’ ignorance of rent regulatory laws. Although many of these cases go unreported, the recent decision of Newport Partners v. DHCR,1 is typical of the hazards uninformed transactional attorneys can create for their clients.
Read more %1$sPower Is On, but Some Still Shiver
As electricity returned on Wednesday for every New York City public-housing resident, another dangerous impact from superstorm Sandy lingered: More than 15,000 of those residents have no heat with a cold snap descending on the region.
Read more %1$sThe Most Influential Commercial Lease Cases in the Last Century that Every Drafter and Litigator Must Know, New York Real Property Law Journal
For almost two years, the attorneys at Adam Leitman Bailey, P.C have been compiling a list of the greatest commercial leasing cases of all time. The authors have always been fans “greatest†lists—there being something special about choosing the best among so many great people, entertainers, athletes, composers, or, in our case, cases that have had the greatest effect on leasing law
Read more %1$sFive NYC Laws Your Landlord Doesn’t Want You To Know
As many Zone A inhabitants can surely attest to, knowing your rights as a renter is never a bad thing. But, while the Warranty of Habitabilityis certainly important, it’s not the only law that could come in handy for a renter. Here are five things your landlord doesn’t want you to know:
Read more %1$sReal estate heavyweights debate politics, lawsuits, blogging at TRD forum
Attorney Adam Leitman Bailey of the eponymous firm and Stuart Saft, chair of the real estate department at Dewey & LeBoeuf, faced off on whether litigation is harming New York City real estate — an animated discussion that had Bailey angling to settle a dispute with Saft from the podium (for a client with cancer) and Saft accusing Bailey of hurting the city with his tactics.
Read more %1$sJudge tosses out case against Park51
A state Supreme Court judge dismissed a suit by retired New York firefighter who alleged the proposed Park51 Islamic cultural center in Lower Manhattan inflicted emotional distress on him.
Read more %1$s“Q & A: Landlord Raises Garage Rent,” New York Times
I have a rent-stabilized apartment with a garage space in New York City. For my upcoming lease, the landlord wants to apply the rent guideline increase of 2 percent or $20, whichever is greater, to the current rent for the garage. A neighbor who rents storage space in the building for $50 a month is also being told that she has to pay the $20 increase on her new lease. Can the landlord do this?
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