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New York Real Estate Lawyers Blog

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Considerations When Making a Will as to Potential Property Sharing by Heirs

Clients consulting our firm with respect to will drafting often ask how to leave a house or cooperative apartment to potential heirs when there may be more than one surviving child.  Perhaps a person owns a house and wants to leave it to all three of her children in her…

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When is a Lease Renewal Not a Lease Renewal?

Our firm often receives inquires regarding renewals of residential leases.  As prior blog posts have discussed, in general, a tenant in New York has no legal right to an automatic renewal lease, unless the rental unit is subject to some type of rent regulation.  Another exception may be where the…

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Sweeping Changes to Real Estate Agent Commission Rules are Now in Effect

We previously posted about significant changes to the rules concerning real estate agents’ commissions.  These changes became effective in recent days.  Previously, sellers paid a commission to the buyer’s agent in the amount indicated in the listing in the multiple listing service (“MLS”), the primary source of real estate listings. …

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Breaking News: “Transfer on Death” Deeds Become Option in New York

We would like to inform our readers that Transfer on Death Deeds (“TOD”) will become an option for property transfers in New York as of July 19, 2024.  Real property such as a house, condominium unit or vacant land is currently transferred by deed.  There are currently various types of…

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