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New York Real Estate Lawyers Blog

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Coronavirus and its Effects on Real Estate Law in New York

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…

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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…

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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…

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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…

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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…

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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…

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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…

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