Adam Leitman Bailey Articles

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Want Low Turnover and High Profitability? Focus on Merit-Based Compensation and Benefits

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My law firm turned 20 years old on January 3rd. Throughout its history, the firm’s turnover rate for attorneys has been meager and we’ve had an average retention rate of more than 95% per year. This high retention rate has assisted in attracting the best candidates, and clients enjoy having the stability of working with  Full Article…

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Creative Methods for Closing During COVID-19

  • Mortgage Finance Practice Group, Uncategorized

By Rosemary Liuzzo Mohamed and Carly Clinton The transactional world faced many challenges during the pandemic.  A traditional purchase/sale closing takes place in a small conference room filled with six to ten individuals passing pens and papers and leaning over each other’s shoulders.  Sitting shoulder to shoulder in a tight space is not ideal given  Full Article…

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Remote Notarization for Refinance Closings

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By Rosemary Liuzzo Mohamed and  Carly Clinton A select group of lenders allow the use of remote notarization to conduct refinance closings.  During COVID-19 some borrowers were self-quarantining and therefore unable to attend a traditional in-person closing for their refinances.  Being able to conduct the closing through audio/visual mechanisms allowed our firm to continue closing  Full Article…

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New York’s Commercial Lease Defenses to Paying Rent

  • Real Estate Litigation, Uncategorized

By Adam Leitman Bailey and Dov TreimanSeptember 2020  ew York is in one of its worst depressions since the American Revolution. Few landlords and commercial tenants have been completely immune from the governmentally imposed economic shutdown and COVID-19’s wrath. Not including what may have been negotiated in a commercial lease, there are three traditional theories  Full Article…

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Governor Extends Certain Condominium Offering Plan Deadlines

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By William J. Geller, Adam Leitman Bailey, P.C. On April 16, 2020, Governor Cuomo issued Executive Order 202.18 (EO 202.18), which among other things, extended several deadlines applicable to condominium and cooperative offering plans.  EO 202.18 tolls several deadlines that could prevent condo/co-op sponsors from completing and selling condo/co-op projects, though it does not significantly  Full Article…

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Landmines Borrowers and Lenders Need to Avoid When Negotiating Abatement and Deferrals

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In the midst of the current economic deep distress, there are, and will continue to be, countless communications from tenants to real estate owners requesting forbearance from the payment of rent. This will in turn no doubt trigger requests from owners to their lenders, requesting forbearance with respect to mortgage payments.  The following discusses some  Full Article…

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NYC COVID-19 Lease Guarantee Law May Be Unconstitutional

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May 26, 2020 On May 13, without much fanfare, the New York City Council quietly approved Instrument Number 1932-A. The bill amends New York City’s Administrative Code by forever canceling personal guarantees executed in conjunction with commercial leases if the tenant has defaulted in rent resulting from the COVID-19 pandemic. According to Councilwoman Carlina Rivera, who sponsored  Full Article…

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The Mystery Behind Real Estate’s Most Successful Law Firm, Adam Leitman Bailey

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By Analina Smeraldi July 7, 2020 I first became intrigued with Adam Leitman Bailey while reading the 250th issue of The Real Deal. In it, the publisher and editor discussed a series of cases where Bailey used an “ingenious” legal weapon that caused Congress to intervene and change the law. They further noted that The Real Deal’s largest advertisers  Full Article…

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RECENT POSTS

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  • Adam Leitman Bailey, P.C. Leads and Guides Owner on How to Legally Secure Possession of a Commercial Space During COVID-19
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  • Adam Leitman Bailey Defeats Neighbor’s Attempt for Restraining Order Halting Construction in the Name of Adverse Possession

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