By Dov Treiman Q. Can a landlord who has converted a building to condos pay for an elevator refurbishment through a major capital improvement increase passed along to regulated tenants?
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Q & A: What to Expect After Deregulation
Q.My rent-stabilized apartment in New York City has just become deregulated as a result of high rent/high income deregulation. Is the landlord legally required to give me first consideration on a new lease at market rate, and must that new rate be reasonable and legally fair?
Q & A: How to Prepare for a New Landlord, The New York Times
By Dov Treiman Q. The multifamily house that I rent in has been sold. What documentation should be drawn to show that the lease and the security deposit have been transferred? My lease had a two-month deposit requirement.
Tenants Sue Landlord in Attempt To Force Repairs
By Candace Taylor Tenants in a Pinnacle Group building on Riverside Drive and 144th Street are suing their landlord, claiming that the six-story rental building is in need of extensive repairs. The building, at 668 Riverside Dr., is set to undergo a conversion into condominiums, but the tenants are claiming that “mold, constantly leaking pipes, rotting wood, fallen Full Article…
Drafting better leases
By Adam Leitman Bailey Property owners are losing time and money as a result of leases that could have been better drafted. Commercial property owners should be using leases that 1) maximize profits, 2) avoid lengthy court battles and 3) ameliorate the time and monetary losses suffered from a defaulting tenant. First, provisions should be added Full Article…
The Section 8 Program: Voluntary Participation Is a Thing of the Past
By Jeffrey R. Metz In the past 18 months, the judiciary and the City Council have carved out protections for tenants qualifying for what is commonly known as the Section 8 Program.1 Complaints that these new protections require owners, large and small, to lose a significant amount of control over those to whom they rent, Full Article…
Commercial Property Landlords May Entirely Eliminate Leasing
By Adam Leitman Bailey and John M. Desiderio Commercial landlords need relief. They are, and have been increasingly, frustrated by the procedural and substantive moves that determine (more often than not) the scope and duration of an eviction action in landlord-tenant litigation. A knowledgeable commercial tenant’s attorney, without any great effort, will readily employ defensive tactics Full Article…
Drafting a Better and More Effective Right of First Refusal
By: Adam Leitman Bailey & John M. Desiderio January 1st, 2007 Land transfers date back to biblical times and have been the subject of an inordinate amount of litigation. Of course, the importance and value of land and the necessity for shelter might help to explain many of the disputes. Some, however, are due to human Full Article…
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