Dear Clients, These are trying times and they are testing our character and spirits. We shall overcome this and come back stronger. As your lawyers, we are honored to be able to assist you during these trying times. From both on the ground with reinforcements to our legal advice and notices like the ones below, Full Article…
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Applying the Business Judgement Rule: Individual Tort Liability for Co-op & Condo Boards, The Cooperator
By Adam Leitman Bailey February 1st, 2013 Recently, the Appellate Division First Department, in Fletcher v. Dakota, Inc., involving a shareholder in The Dakota, a historic luxury co-op on the Upper West Side, held that the business judgment rule does not protect individual condo and co-op board members from personal tort liability where a board Full Article…
Owner’s Rights to Inspect Management Records, New York Law Journal and N.Y. Real Property Journal
By Adam Leitman Bailey April 10th, 2013 Since the Legislature gave birth to the first cooperative and condominium laws, very few issues have had as much attention and confusion as boards’ concerns about the extent of unit owners’ access to inspect the management books and records. Regarding cooperative buildings, many of the most prominent questions Full Article…
Q & A: The Long Eviction Process, The New York Times
Real Estate Q & A By Jay Ramono To read on The New York Times website click here August 8th, 2013 Q. When I signed my lease, I also signed a rider stating that when the lease expires I become a month-to-month tenant. Now, a little more than two weeks before my lease is set Full Article…
Discard Old Leases ‘At Your Own Risk’, New York Times
August 16th, 2013 Q. Is it essential to retain copies of all renewal leases and documents for rent-stabilized apartments? I have been nervous about discarding old leases in case any legal disputes arise. What should I keep? A. Rent-stabilized tenants should keep all leases going back to the beginning of the tenancy, according to Full Article…
Q & A: Losing a Bike Storage Spot, The New York Times
August 23rd, 2013 Q. I am a rent-stabilized tenant in a Manhattan condominium building. I have had a storage spot for my bicycle for 25 years — since before the building went condo. The board of managers has now taken away the storage spots for all of the two dozen rent-stabilized tenants in the building. Full Article…
State Legislators, Insurers and Courts to Homeowner Associations: We Will Not Insure Intentional Torts, Probate Property
By Adam Leitman Bailey & Adam Blander September 1st, 2013 Adam Leitman Bailey is the principal of Adam Leitman Bailey, P.C., in New York, New York. Adam Blander was a legal intern at Adam Leitman Bailey, P.C., and is now a law clerk for New York Supreme Court Judge Barbara Jaffe. This article discusses the Full Article…
Using the Judicial System to End the Foreclosure Crisis in New York, New York Law Journal
August 8th, 2012 Standard foreclosure proceedings have been put on pause. This article endeavors to provide instruction on how to cure one of the most frequently stumbled upon legal impediments to litigating these actions—the lost note. Many foreclosure actions are sitting stagnant for months, or even years, as a result of not only a reticent Full Article…