Adam Leitman Bailey Articles

Adam Leitman Bailey Articles

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Cooperative Foreclosure: The Accidental Doctrine

  • Adam Leitman Bailey, Condominium & Cooperative Representation, Foreclosure Litigation Group, Mortgage Finance Practice Group, Real Estate Litigation, Title Insurance Claims Group

By Adam Leitman Bailey and Dov Treiman Although the lack of judicial supervision of the cooperative foreclosure process for default upon cooperative apartment mortgages vastly simplifies the lives of lenders’ counsel, under the latest changes in the foreclosure statutes, it creates a nightmare for the title industry insuring titles down the line from such a  Full Article…

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Negotiating Laundry Room Contracts, The Cooperator

  • Condominium & Cooperative Representation

By Adam Leitman Bailey and Dov Treiman 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 refusal and other  Full Article…

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Q & A: Adding ‘Partners’ to Co-op Shares, The New York Times

  • Q & A

By Adam Leitman Bailey Q.  What rights does being registered as “domestic partners” in New York City convey in regard to real estate? I moved into my partner’s co-op five years ago, but the board refuses to add my name to the shares and proprietary lease.

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Disabled Resident Parking Spaces: Issues for Condo/Co-op Boards, Developers, BNA Real Estate Law & Industry Report

  • Adam Leitman Bailey, Adam Leitman Bailey, Landlord Representation, Real Estate Litigation, Tenant Representation, Uncategorized

Adam Leitman Bailey and John M. Desiderio discuss the handicap laws that boards must follow and their obligations to proved disabled parking spaces.

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Select Issues in Representing HPD Supervised Mitchell-Lama Cooperatives, New York Real Property Law Journal

  • About Mitchell-Lama/ Housing Development Fund Corporation (HDFC) & Third Party Transfer Representation, Condominium & Cooperative Representation

By Adam Leitman Bailey New York City Mitchell-Lama cooperatives provide heavily publicly subsidized maintenance payments to those lucky enough to call them home. The New York City Mitchell-Lama program provides 54,000 homes to persons whose financial circumstances would otherwise negate such a possibility. As a result, Mitchell-Lama cooperatives are extremely popular and have decade long  Full Article…

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Q&A: Ripped Off … Who’s Responsible? The Cooperator

  • Q & A

By Adam Leitman Bailey Q. A Shareholder in our building claims that some valuables he kept in a storage room in the basement of our co-op were stolen after the lock to his storage space was allegedly broken. He is threatening to sue the co-op for “the failure to properly secure the premises.” He is  Full Article…

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Defining When “Time is of the Essence”

  • Commercial Leasing Services, Purchase & Sale of Homes, Purchase and Sale of Multi-Family Dwellings and Buildings, Real Estate Litigation, Title Insurance Claims Group

By: Adam Leitman Bailey & John M. Desiderio May 9th, 2007 The Court of Appeals has recently reemphasized, for sellers’ attorneys, the importance of drafting clear and unequivocal “time of the essence” clauses in those real estate contracts where circumstances justify conditioning the sale upon the buyer’s timely performance of one or more stated conditions.  Full Article…

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Letting Go of Leases and Allowing Licenses

  • Commercial Leasing Services

By: Adam Leitman Bailey & Dov Treiman May 1st, 2005 Why Licenses? Inevitably, when courts seek to readjust the balance between landowners and non-owner occupants, owners’ counsel will reach into the ancient common-law toolbox to find occupancy arrangements that give owners the panoply of rights and remedies they thought they enjoyed as landlords. In the movie Jurassic Park,  Full Article…

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  • About Mitchell-Lama/ Housing Development Fund Corporation (HDFC) & Third Party Transfer Representation
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