Closing by Power of Attorney has always been a common practice in real estate transactions, especially now during the pandemic. Parties who are unable to attend the closing personally could delegate such power to an agent to execute documents on their behalf at the closing table. While it may be a seemingly straightforward delegation, New Full Article…
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Adam Leitman Bailey, P.C. Ensures Tenant’s Compliance and Achieves Ideal Outcome for Landlord Client; Tenant Pays Landlord’s Legal Fees in Full
The landlord of a large commercial space in the East Village consisting of a store front that spans half a city block and two basement spaces retained Adam Leitman Bailey, P.C. after his tenant refused to pay rent. The tenant, a large food market and essential business, did not have to shut down by the Full Article…
Adam Leitman Bailey, P.C. Vacates Covid-19 Hardship Declaration Filing Stay in a Case of First Impression
Adam Leitman Bailey, P.C. was retained by a lender to commence foreclosure proceedings against a borrower LLC on a residential property. Notably, the LLC’s member specifically represented at origination that the mortgaged premises would be an investment property and executed an occupancy affidavit to that effect. Lender was granted summary judgment and an Order of Full Article…
Adam Leitman Bailey, P.C. Secures Bulk Purchase of 22 Units in New Luxury Condominium Building for Client, Deeming Client “Successor Sponsor”
Adam Leitman Bailey, P.C. represented a real estate developer/investor in its bulk purchase of 22 units in a new luxury condo in Midtown Manhattan with a total offering of over $500 million. Our client’s bulk purchase of 22 units was in excess of $80 million. The process presented our attorneys with an intricate series of obstacles which Full Article…
Seven Adam Leitman Bailey, P.C. Lawyers Recognized by Best Lawyers®
Manhattan, NY, United States, August 19, 2021 — Adam Leitman Bailey, P.C. is pleased to announce that Adam Leitman Bailey has been included in the 2022 edition of The Best Lawyers in America®. Six additional Adam Leitman Bailey lawyers have been recognized in the 2nd edition of Best Lawyers: Ones to Watch in America. Best Full Article…
Overcoming Extremely Difficult Odds, Adam Leitman Bailey, P.C. Defeats Agency Governing Rent Deregulation, DHCR, Protecting Default Order of High-Income High-Rent Deregulation, Deregulating Apartment
This case highlights the mantra of never-ever giving up, believing in the case, and continuing to fight for our client’s rights to deregulate a rent stabilized apartment despite five years of delays and obstacles in multiple courts and agency proceedings. Finally, at the State Supreme Court, justice prevailed for our landlord-client who never stopped believing Full Article…
Adam Leitman Bailey, P.C. Obtains Injunction Against Serial Illegal Short-Term Rental Operators
Representing a New York landlord, Adam Leitman Bailey, P.C. obtained an injunction in a Supreme Court ejectment action against a group of illegal short-term rental operators who commandeered multiple apartments in our client’s building. Several months ago, a group of straw tenants, led by their ringleader, submitted a series of fraudulent apartment applications, and obtained Full Article…
Adam Leitman Bailey, P.C. Wins Summary Judgment in Post-Foreclosure Holdover Proceeding and Achieves Eviction
Representing the buyer of a foreclosed property in Queens, Adam Leitman Bailey, P.C. prosecuted a holdover proceeding during COVID, won summary judgment of possession, and achieved a marshal’s eviction in November 2021. The owner bought the property in 2019 pursuant to a referee’s deed in foreclosure and filed the eviction proceeding in early 2020 through Full Article…
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