New Use for an Old Tool: Collecting Rent With an Account Stated

Outside Counsel MONDAY, NOVEMBER 22, 2010 New Use for an Old Tool: Collecting Rent With an Account Stated BY ADAM LEITMAN BAILEY AND DOV TREIMAN At least since Abraham and Lot’s shepherds parted ways over a land grazing dispute,1 Western Civilization’s literature has been full of accounts of monetary and property disputes. Litigators across the  Full Article…

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Business Judgment Rule: No Free Pass to Board Action

By: Adam Leitman Bailey & John M. Desiderio June 11th, 2014 The past 12 months has been the year unit owners and shareholders have found cooperative and condominium board of director’s kryptonite at the appellate courts. For years, the courts of New York have been rubber stamping board decisions under the shield of the business  Full Article…

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Adam Leitman Bailey, P.C. Successfully Obtains Judgment in Three Common Charges Foreclosure Actions

Our clients, the Boards of Managers of condominiums, often find themselves in the precarious situation of having a unit owner that is failing to pay common charges despite numerous notifications of the default and are therefore forced to file liens on the units and bring a foreclosure action against the unit.  And, because of the  Full Article…

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Q&A: Criminal Activity in Condo/Co-op Unit: What Should the Board of Managers Do?

By: Adam Leitman Bailey, Colin Kaufman & Rachel Sigmund June 1st, 2014 Q: When a condo/co-op board of managers becomes aware that a resident or tenant has committed a crime inside his or her unit (e.g., illegal drug sale), what actions should the board take? A: First, the board should report the alleged illegal conduct  Full Article…

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Q & A: Following the Rules for Subletting,The New York Times

By Adam Leitman Bailey October 2nd, 2009 Q.  Can a landlord stop a tenant from sub- letting a rent-stabilized apartment? I’ve heard that a landlord can require a credit check and use this information to reject a subtenant. Is this true? A.  Adam Leitman Bailey, a Manhattan real estate lawyer, said that under state law,  Full Article…

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Q & A: Individual Meters In a Rental Building, The New York Times, Jay Romano

By Adam Leitman Bailey November 13th, 2009 Q. Our landlord is installing individual electric meters in each apartment in our building, which has a mixture of regulated and nonregulated tenants. Each tenant will be paying for his or her own electricity, but at a lower-than- normal rate because of the large total consumption. Is this  Full Article…

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What You Must Know When Negotiating a Laundry Room Contract, New York Housing Journal

By Adam Leitman Bailey and Dov Treiman April 1st, 2009 It’s amazing how good building owners and managers are at increasing  and garnering revenue from residential tenants while at the same time leaving  themselves to the will and whim of laundry room operators who impose contracts  lasting for decades with automatic renewals, rights of first  Full Article…

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Adam Leitman Bailey Predicts Decreased Prices and Bubble Bursting More Than Two Years Before Real Estate Crash, BP Vance Real Estate News

Adam Leitman Bailey Predicts Decreased Prices and Bubble Bursting More Than Two Years Before Real Estate Crash By: Adam Leitman Bailey September 1st, 2006 Understanding our local real estate market is vital to making current or future housing plans. New York City home prices have slowly been falling. Developers’ betting on the condominium market has  Full Article…

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