By 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 change most ongoing Full Article…
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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…
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…
Adverse Possession and Tenancies in Common
Adam Leitman Bailey and John M. Desiderio*, Adam Leitman Bailey, P.C., New York, NY The law of adverse possession is deeply rooted in the common law and its elements are generally well-known to practitioners. However, adverse possession rules, as applied to tenancies in common, are less often encountered by practitioners, and the statutory language itself Full Article…
City Council’s Relief for COVID Afflicted Guarantors
On May 27, 2020, the New York City Council enacted Int. 1932/2020 into law, an ordinance that is “in relation to personal liability provisions of leases for commercial tenants impacted by COVID-19.” As to rent and other financial obligations that arose from March 7, 2020 through September 30, 2020 (“the Covid period”), landlords may never Full Article…
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