Are you saying that whenever a rent regulated tenant loses power because of a widespread power outage that the tenant is entitled to a rent abatement?
Read more %1$sKeeping Window Guard Notices, New York Apartment Law Insider
I know that the city’s lead-based paint law requires me to keep the lead-based paint notices I get back from tenants for 10 years. But what about the window guard notices returned by tenants. Am I legally required to keep those returned window guard notices and, if so, for how long?
Read more %1$sNew York State Bar Association Hosts Webcast for 2,000 Attorneys on How to Assist Superstorm Sandy Victims
More than 2,000 people – including attorneys from 28 states and three other countries – participated in a webcast for lawyers seeking to provide legal assistance to victims of Superstorm Sandy.
Read more %1$sLenders can foreclose on properties, even after losing the note
Prominent real estate attorney Joseph Forte recently wrote about “… the prospect of refinancing nearly $1.8 trillion of existing U.S. commercial real estate debt in the next five years.â€
In order to complete this task and to ensure that investors and lenders are willing to lend money to building owners, we must have a judicial system that is going to honor the contracts entered into with borrowers.
Read more %1$sFinding individual tort liability for cooperative and condominium board members, the Appellate Division takes a large scalpel to business judgment rule
Recently, the Appellate Division First Department, in Fletcher v. Dakota, Inc.,1 held that the business judgment rule does not protect individual condo and co-op board members from personal tort liability where a board acting in its corporate capacity has acted in bad faith, but where it is not alleged that defendant board members have committed a tort independent of the tort committed by the board itself.
Read more %1$sResidential landlords offer rent abatements to tenants stranded by Sandy
November 08, 2012 05:30PM By Katherine Clarke In the wake of Hurricane Sandy, several of the city’s largest residential landlords have announced that they are providing comprehensive rent abatements to
Read more %1$sPost-Sandy Legal Advice on Real Estate, Insurance and Property Issues
Because lenders mandate that homeowners in flood zones obtain flood insurance as a prerequisite to lending, most homeowners in flood zones will have flood insurance protection. There are three general types of flood insurance policies: the Dwelling Policy (includes condo unit owners), the General Property Policy and the Residential Condominium Building Association Policy.
Read more %1$sA Guide to When to Pay Rent, or Not, After Hurricane Sandy
By Adam Leitman Bailey One of the most frequently asked questions about life in a Sandy-affected building has been this: do tenants of buildings in Zone A need to pay
Read more %1$sBoard to Buyer: Nah. Not at That Price.
BUYING or selling a Manhattan co-op has long presented unexpected pitfalls and moments of unique drama. But as real estate prices continue relatively flat, one obstacle has become more prevalent: Co-op boards are rejecting sales outright if they deem the price of the apartment to be too low.
Read more %1$sCo-op vs. Condo: The Differences Are Narrowing
By SUSAN STELLIN MOST people looking to buy an apartment in New York City know the basic trade-offs between a co-op and a condominium: the approval process and building rules
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