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Seven Secrets to Drafting An Effective Commercial Lease Default Lease

An effective commercial lease will dictate the future relationship between a commercial landlord and tenant. The more clauses forcing the commercial tenant to comply with its obligations, the better chance the landlord will have in not only have a successful relationship but also ensuring that the rent is paid and the tenant behaves. Below are  Full Article…

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Understanding Single-Room Occupancy Laws – Part II

By Adam Leitman Bailey and Dov Treiman Part II Certificate of No Harassment The obtainment of a certificate of no harassment is the gateway into turning a highly regulated, alteration-prohibited building into a free-market class A multiple dwelling. It should be noted that even after a certificate is granted, any current tenants retain their rent-regulated  Full Article…

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The State of the Business Judgment Rule Appellate Court Rulings By Adam Leitman Bailey

By Adam Leitman Bailey 2016 February Law & Legislation The greatest changes in cooperative and condominium law this past year did not come from the legislature or from the courts but from the New York Attorney General’s office (NYAG). This article will review some of those changes and the most significant appellate cases affecting cooperatives  Full Article…

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Understanding Single-Room Occupancy Laws

February 3, 2016 Single-room occupancy housing, or more commonly called SROs, exist throughout New York City. When purchasing such a dwelling without the proper paperwork, you will not be able to obtain a permit to do renovations, a buyer cannot evict the residents who are rent-regulated tenants, and the owner may be required to maintain  Full Article…

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Q&A: Navigating the City’s Complex Housing Market

New York Times March 14th, 2015 Death and House Cleaning Q. My mother has lived in a rent-stabilized apartment in a co-op building for 40 years. When she passes away, how many months do her children have to clear out her belongings before the unit must be vacated? Forest Hills, Queens A. You will probably  Full Article…

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Q&A: On The Loft Law

By: Dov Treiman April 7th, 2015 The Loft Law and several related laws set procedures to protect and preserve residential occupancies in buildings that were originally built for commercial use by ensuring renovations to these buildings to bring them up to the safety standards that are normal in apartment buildings. Not all commercial buildings qualify  Full Article…

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Q&A: Preferential Rent in J51 Housing

November 4, 2015 Q: In J51 housing, can a preferential rate be adjusted as part of a renewal? A: In J51 buildings for the past 40 years, if the FIRST tenant gets a “preferential” rent, there’s nothing preferential about it. The owner has given up the right to the higher rent forever. Under Rent Stabilization  Full Article…

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