The first completely updated edition of James Pedowitz’s legendary book including entirely new material with 34 chapters written by 30 of the most prominent real estate attorneys of our lifetime. Adam Leitman Bailey had the great honor of co-editing with First American’s Michael Berey. Editor(s): Adam Leitman Bailey, Esq.; Michael Berey, Esq.; Real Estate Titles: Full Article…
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Preparing Practitioners for the Next Disasters
By Adam Leitman Bailey, Dov Treiman and John Desiderio This article gives practical advice to lawyers to help their business clients and building owner clients best prepare for the effects of catastrophic disasters, natural and man-made. Introduction In the United States of America, the number of natural disasters has gradually increased. Most of the costliest Full Article…
How Can a Landlord Rent Their Summer Home After HSTPA 2019?
Q. A luxury condominium owner purchased their unit in 2018 and was previously allowed to rent the unit out for the summer to visitors without any issues. Since the passing of the new tenant protection laws, landlords are no longer allowed to accept deposits or advances that exceed more than one month’s rent. How can Full Article…
Governor Extends Certain Condominium Offering Plan Deadlines
By William J. Geller, Adam Leitman Bailey, P.C. On April 16, 2020, Governor Cuomo issued Executive Order 202.18 (EO 202.18), which among other things, extended several deadlines applicable to condominium and cooperative offering plans. EO 202.18 tolls several deadlines that could prevent condo/co-op sponsors from completing and selling condo/co-op projects, though it does not significantly Full Article…
Landmines Borrowers and Lenders Need to Avoid When Negotiating Abatement and Deferrals
In the midst of the current economic deep distress, there are, and will continue to be, countless communications from tenants to real estate owners requesting forbearance from the payment of rent. This will in turn no doubt trigger requests from owners to their lenders, requesting forbearance with respect to mortgage payments. The following discusses some Full Article…
An Update On Suing For Rent
By Adam Leitman Bailey and Dov Treiman Since the Covid-19 crisis hit, there has been a series of directives from the New York State Governor, the Chief Administrative Judge of the New York Courts, and the New York State Legislature. These mutually contradictory proclamations have taken the already complex procedures for suing for rent (made Full Article…
3 Secrets That Made Adam Leitman Bailey the Top Real Estate Lawyer in NYC
His achievements stem back to these simple, common qualities: discipline, merit, and respect. When it comes to heart-wrenching inspirational stories, Adam Leitman Bailey’s could give a Hollywood underdog flick a run for its money. Today, Bailey’s voice is one of the most resonant and influential in New York’s real estate legal sector. He helms an eponymous law Full Article…
NYC COVID-19 Lease Guarantee Law May Be Unconstitutional
By Massimo D’Angelo May 26, 2020 On May 13, without much fanfare, the New York City Council quietly approved Instrument Number 1932-A. The bill amends New York City’s Administrative Code by forever canceling personal guarantees executed in conjunction with commercial leases if the tenant has defaulted in rent resulting from the COVID-19 pandemic. According to Councilwoman Carlina Rivera, Full Article…
Understanding Residential Building Laws Within a Pandemic Context
Adam Leitman Bailey – June 30, 2020 Though almost universally deemed as “unprecedented,” the operational difficulties posed by COVID-19 are not entirely unknown to history. The owners, managers and boards of New York City’s multifamily buildings faced similar challenges a hundred years ago, when the so-called Spanish Flu of 1918 swept the globe. Now, as then, the Full Article…
Residential Building Laws of the COVID-19 Pandemic
Adam Leitman Bailey and John Desiderio look at the short and long-term legal implications and issues affecting residential living during COVID-19 pandemic. By Adam Leitman Bailey and John M. Desiderio | June 09, 2020 The COVID-19 pandemic has confronted building owners, managers and boards of New York City rental, condominium, and cooperative-owned buildings with operational challenges that few, Full Article…
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