New York Real Estate Legal Blog
3 things to note before buying a co-op
The idea of a real estate cooperative is something many people can get behind. Knowing you share ownership with others and can form your own small community with like-minded people is often a huge draw. However, buying a co-op requires good business analysis because...
Holder of Unsold Share Status Struck Down
A decision of the Appellate Division, 1st Department issued at the end of February 2019 may be a real game changer for cooperatives that have individuals who own units as holders of unsold shares. In a brief decision in Pastena vs. 61 West 62nd Street (Read decision...
Do you know which rights disabled tenants have?
While becoming the landlord of residential property in New York is a great way to earn extra income, you have to be up on the most recent laws related to landlords and tenants. There may come a time when you have a disabled person submit an application. One of the...
Timeframes to pursue litigation for construction defects
Homeowners in New York City want the best result from building contractors, and while many property owners receive satisfactory results, there are times when construction defects are discovered or the results were otherwise not what the contractor had promised. If...
What are New York’s legal requirements for a quitclaim deed?
A quitclaim deed transfers real estate interests from one party to another. It is a special type of deed in which the grantee takes ownership of the interests the grantor has at the time of the deed’s execution – whether or not the grantor is the actual property...
What to do when you receive an eviction notice in NYC
As a renter, one of the worst things that can happen to you is receiving an eviction notice. When you get the news that your landlord is beginning the eviction process, you likely feel a sense of dread and confusion. But know that all hope is not lost. You may be able...
When you should break a lease
In the ever-changing urban landscape of New York, a building or a living space can become unsafe. In addition, you can come in conflict with building management or your landlord. Sometimes there are no other reasonable alternatives. You must leave a residence before...
Strong calls for changes to rent control legislation
New York City is known to be a relatively expensive place to live in. The need for people to be able to afford a safe and clean place to live is important yet this seems to be hard to do for some. The current landlord and tenant laws that govern rent prices are...
Managing a tenant’s security deposit
Owning and leasing commercial or residential properties in New York can be a great investment. It can also, however, bring with it certain stresses, such as having to collect rent and ensuring that your tenants do not cause any damages. You can protect yourself in...
Basics of mechanics liens
If you are a contractor in New York, you understand the risk you face when you agree to perform work for a residential customer. You might complete the work but the homeowner might choose for whatever reason not to pay you. In some cases, they might pay you some of...