By Adam Leitman Bailey and John M. Desiderio August 10th, 2005 Where the right to do so is expressly reserved in a commercial lease, a landlord may reenter the leased premises peaceably, without resort to court process, upon termination of the lease or upon the commercial tenant’s defaulting on payment of rent or other lease Full Article…
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Use Get-Tough Lease Clauses to Discourage Chronic Late Rent Payments
By: Adam Leitman Bailey August 1st, 2005 It’s exasperating when a tenant repeatedly violates the lease by failing to pay its rent on time but then cures—that is, fixes—each violation by paying the late rent before it becomes a lease default. The worst thing is that you can’t break the cycle: You waste time and Full Article…
The First Rent Stabilization Overhaul in 14 Years
By: Adam Leitman Bailey & Dov Treiman April 23rd, 2014 On January 8, 2014, the DHCR issued the first amendments to the Rent Stabilization Code in some 14 years. The amendments, 27 of them, are a mixed bag of mere codification of judicial decisions, moving DHCR office practices actually into the Rent Stabilization Code, technical Full Article…
Deciding Whether to Amend Old Registrations
By: Dov Treiman March 29th, 2014 The recent amendments to the Rent Stabilization Code (RSC) have complicated an owner’s decision whether to amend old rent registrations. Here are a few new factors owners now have to consider: Will I have to start a DHCR proceeding? Under the recent RSC amendments, the automatic right to amend Full Article…
The 15 Most Fascinating New York Real Estate Cases of the 21st Century
By: Daniel Geiger August 8th, 2012 The Case of the Loophole & The Greek Shipping Magnate Other than the J-51 lawsuit that upended Stuyvesant Town and Peter Cooper Village, perhaps no other case demonstrates how the city’s real estate market can hinge so seismically on legal technicality. In 2008, the economy collapsed into a deep Full Article…
Q & A: Lender Says No to Co-op Sublet
By: Jay Romano February 2nd, 2012 Q. I want to sublet my co-op apartment in Chelsea, and I know that paperwork must be submitted to the management company to get approval of my subtenant. The co-op board also requires a letter from the bank stating that it approves. But the bank said it would allow a Full Article…
Revenue or Reduction
By: Liz Lent January 1st, 2012 Budgeting is never easy, not for a family of four and certainly not for a co-op or condo community of hundreds or thousands of residents. That fact is made all the more difficult by the lingering effects of the recession, which continues to wreak havoc with our confidence as Full Article…
Adam Leitman Bailey, P.C. Defeats Claim of Adverse Possession for Title Company
In McMillan v. Village Plaza Homes, Inc., et. al., Adam Leitman Bailey, P.C. won a Decision and Order granting summary judgment in favor of the insureds, in defeating Plaintiff’s claim of title by adverse possession to an eleven inch strip of land on the southerly boundary line of the insureds’ property in Queens County, New York. Full Article…