Unless you have been living in isolation on a deserted island, you are aware of the recent coronavirus situation. In order to avoid contaminating large numbers of people, many businesses have closed, and many individuals are remaining at home rather than venturing outside. This blog post will discuss the effects…
New York Real Estate Lawyers Blog
Foreclosure Judgments in New York
A recent decision in a case in upstate New York discusses issues relating to the denial of an application for a foreclosure judgment. In a foreclosure case, the plaintiff, who is usually a bank or other lending institution, must apply to the Court for a judgment. Often, after the case…
Gag(a)-Worthy Property Conditions = Rent Reduction?
News outlets have recently reported that Lady Gaga’s father is refusing to pay the rent due on the commercial restaurant space occupied by him in Grand Central Terminal. Essentially, he has claimed that physical conditions interfere with the successful operation of his business. These conditions allegedly include a growing…
Fear Gone Viral
Most of us have been recently inundated by reports of the Coronavirus pandemic. Although many of our readers do not travel to some of the afflicted locations, fear has a way of becoming contagious in its own right and can have negative business consequences. Fundamentally, the fear is…
Foreclosure in New York – What Happens After the Settlement Conference?
New York State has passed several laws that protect homeowners who may be subject to a foreclosure action. One of these laws requires that a settlement conference be held for a homeowner when his primary residence is in foreclosure, due to his failure to pay their mortgage, taxes, or other…
Arrested Development- How to Get the Advantage When a Developer Is Purchasing Your Property
We have posted previously about the change of use of properties in the region served by this law firm. Real estate developers may be interested in such properties because they envision a potentially new profitable use for the property, especially if the use changes. For instance, an existing swim club…
No Landlord, No Tenant Evictions in New York
Most eviction matters handled by our firm involve conventional landlord-tenant relationships. Either in a residential or commercial context, a property owner rents property to a tenant, who pays rent to the landlord on a monthly basis. Usually, there is a written lease between the parties that delineates their rights and…
The Departure: Legal Strategies for an Early Exit from a New York Commercial Lease
The region served by this law firm certainly has its share of vacant commercial spaces. An unproductive business environment at times leads to the consideration of closure by other businesses. When a commercial lease ends prior to its termination date, it is know in the industry as “going dark”. It…
New Foreclosure Law Passed in New York
A recent article reports on a new law signed by New York Governor Andrew Cuomo which is meant to assist defendants in foreclosure actions. This article will explain the law, as well as its possible impact on both plaintiffs and defendants in foreclosure lawsuits. The law amended Article 13 of…
Happy Holidays from Weiss & Weiss
Weiss & Weiss would like to wish all of our clients and colleagues a Merry Christmas and a Happy Hanukkah, as well as a Happy New Year 2020.