By: Adam Leitman Bailey August 1st, 2010 Q. I live in a self-managed co-op and we are getting conflicting information about whether co-ops can disallow roommates or not. We’ve heard that the board of directors has absolute decision making power over whether or not to allow roommates to move into a co-op. Others say it Full Article…
Search the Library
Viewing 417 to 424 of 765 items
Q & A: Putting a Time Limit on Rent Stabilization, The New York Times
By Adam Leitman Bailey Q. For the last 30 years I’ve lived in a “J-51” rental building and have been informed that my rent-stabilization status will expire in a number of years. Is this legal? A. Adam Leitman Bailey, a Manhattan real estate lawyer, said that the under New York City’s J-51 program, building owners Full Article…
Q & A: Ending a Lease With Little Notice, The New York Times, Speakers: Jay Romano
By Dov Treiman October 22nd, 2010 Q: I am a co-op shareholder who rented my unregulated apartment to a couple for one year. In their new lease, they asked me to include a clause that would allow them to move out with two months’ notice. I agreed, and included a similar clause for myself in Full Article…
Q & A: Raising Rents in Hardship Cases, The New York Times, Speakers: Jay Romano
December 2nd, 2010 Q. A number of rent-regulated apartments are for sale in a New York City condominium building. Several of the tenants pay less in rent than the combined common charge and real estate tax on their apartments, creating a negative cash flow. What are the chances that a new owner could get a Full Article…
Q & A: Subletting vs the Board ?, The Cooperator
March 1st, 2011 Q. I am the owner of a one-bedroom apartment on the Upper West Side of Manhattan. I have a legal subtenant who filled out all forms and paid all the fees as described on the required two-year lease provided by the board, including that of a credit check, move-in and move-out fees, Full Article…
Q & A: Effects of Warranty of Habitability on Mortgage Foreclosures, New York Apartment Law Insider
By Adam Leitman Bailey and Dov Treiman March 1st, 2011 Q. Since the financial crisis in 2008, it seems as though more and more owners are becoming unable to pay for repairs to their over-mortgaged buildings. These owners may be unable to borrow additional money to finance repairs because they have negative equity in their Full Article…
Navigating Buyers and Developers Through New Construction Deals, New York Law Journal
By Adam Leitman Bailey and John M. Desiderio May 3rd, 2010 In late 2008, the real estate sky had started to fall and fall quickly. As a result of the loss of financing and wages, many purchasers in contract to buy a unit in a newly constructed building were either no longer able or willing Full Article…
Criminal Liabilities for Cooperatives, The Cooperator
By Adam Leitman Bailey and Dov Treiman April 1st, 2011 Two state laws make the illegality of a tenant’s use of rented premises a matter of considerable concern to property owners of all kinds, including cooperatives. One empowers local prosecutors to bring eviction proceedings against both the illegally-operating tenant and the landowner; the other makes Full Article…
Twitter