As a workaholic with very limited time who made the most of his free time and vacations reading, I had strict criteria for choosing my books. By Adam Leitman Bailey October 31, 2019 I never had an adult mentor. At the same time, I have been able to learn from a few of the world’s greatest Full Article…
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Recent Changes to Co-op & Condo Laws
By Adam Leitman Bailey October 25, 2019 This past June, the New York State Legislature and Governor enacted into law a sweeping overhaul of landlord-tenant relations throughout the State; just a few days later, these same powers enacted amendments to those amendments. While relatively few of the 74 pages of densely-written text directly affect cooperatives Full Article…
Deregulation Under The New Rent Laws
By Adam Leitman Bailey and Dov Treiman* October 8th, 2019 Adam Leitman Bailey and Dov Treiman discuss the “Housing Stability and Tenant Protection Act of 2019,” signed into law by the governor on June 14, which sent New York landlords “reeling.” On June 14, 2019, the governor signed into law Chapter 36 of the laws Full Article…
Adam Leitman Bailey, P.C. Victorious in Case of First Impression Before Appellate Division Involving Ailing Relative Defense to Primary Residence Action
By Noeleen G. Walder July 9th, 2009 Temporary Relocation to Aid Aging Parents Found No Basis for Eviction From Rent-Stabilized Unit A landlord cannot evict a mother who left her teenaged daughter behind in her rent-stabilized New York City apartment while she relocated to California to care for her ailing parents, a state appellate court Full Article…
Selling a Tenant’s Personal Property After Eviction
When an owner evicts a tenant from an apartment, by the end of the process the tenant typically owes the owner some substantial sum of money. While these evictions are usually in the context either of a nonpayment proceeding or a holdover proceeding prosecuted in the New York City Civil Court, such prosecutions do not Full Article…
Adam Leitman Bailey, P.C.’s 2012 End of the Year Transaction Spotlight
Represented the purchaser in the acquisition of a building on West 87th Street for $10,300,000 on December 19th. The building contains 4 commercial tenants, a number of SRO units and a hostel. Represented the seller in the sale of 3 buildings located on West 158th Street, West 159th Street and West 161st Street for $10,000,000 on Full Article…
Q & A: Breaking a Lease Over Unlivability
By JAY ROMANO November 9th, 2012 Q I rent an apartment in a building heavily affected by the hurricane — there was no power for several days, and the management is citing extensive damage to the elevators and heating system, and cannot give any reasonable estimate as to when the building will be fit for occupancy. My Full Article…
Overcoming Obstacles to Save Borrowers Thousands in Mortgage Tax
In the state of New York a New York Mortgage Recording tax is due and payable on each mortgage transaction both for purchases and refinances. The mortgage tax rate varies from county to county. In the five boroughs of New York City the rate is 1.8% on mortgage amounts under $500,000.00 and 1.925% on mortgage Full Article…
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