As many know, on June 14, 2019, then Governor Andrew Cuomo signed into law a massive overhaul of landlord-tenant laws throughout the State of New York, known as The Housing Stability Tenant Protection Act (HSTPA). Among other things, these new laws made rent regulation – rent control, rent stabilization, and the Emergency Tenant Protection Act Full Article…
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Adam Leitman Bailey, P.C. Gets Back Terrace Space Belonging to Client
Adam Leitman Bailey, P.C. was retained by the unit owner of a new construction condominium in upper Manhattan in connection with a dispute concerning the size of the unit owner’s terrace. In particular, the amount of “as built” terrace area owned by our client was approximately 85 square feet (SF) larger than the area that Full Article…
Adam Leitman Bailey, P.C. Helps Landlords and Sellers Navigate the Pandemic Against Defaulting Renters and Purchasers
COVID-19 has disrupted the ordinary course of dealing in both the residential leasing and sales sectors, with renters and buyers using COVID-related excuses and delays in attempts to avoid paying rent and close on sales in a fluctuating market. However, using a distinct combination of deep institutional knowledge about the Real Estate market, aggressive litigation Full Article…
State Legislature Restores Rights of Private Cooperatives That Were Formally Prohibited Under the House Stability and Tenant Protection Act of 2019
On June 14, 2019, the Governor signed into law the most sweeping changes to landlord tenant laws of a generation. While tenant advocates saw this law as a major victory, landlords decried it as heavily destructive of the profitability of private land ownership. Particularly hard hit were landlords outside of New York City who had Full Article…
Co-op and Condo Owners’ Right To Inspect: An Update
With orders to stay indoors, and residents working at home and boards tasked with deciding on how to run their buildings making important decisions on how to avoid spreading the deadly virus, heightened tensions and heated moments between shareholders and owners and their boards naturally reached new levels. One of the tools used to engage Full Article…
Adam Leitman Bailey, P.C. Halts Airbnb Abuses by Unit Owner
The Board of a Condominium engaged Adam Leitman Bailey, P.C. after one of its units owners repeatedly listed his apartment on Airbnb, and other transient use websites, for short-term rentals, in violation of New York law and the governing documents of the building. Specifically, § 27-2004.a.8(a) of the Housing Maintenance Code, expressly prohibits transient, short-term Full Article…
Adam Leitman Bailey P.C. Appellate Victory: Successor Sponsors No Longer Responsible for Repairing Building
Adam Leitman Bailey P.C. successfully defends purchasers of units in a condominium following the original sponsor’s bankruptcy against claims of individual units owners for breach of contract The original sponsor of a condominium conversion declared bankruptcy after it was sued by individual unit owners for design and construction defects. In the bankruptcy proceeding, the firm’s Full Article…
Unprecedented Negotiation of License Agreement with Large Developer Improves, Structurally Stability, and Increases Value and Longevity, of Adjacent Building
A prominent real estate holding company needed to negotiate an extraordinarily complicated license agreement for protections relating to a prominent university’s massive construction project adjacent to the building. The university’s project included demolition work, support of excavation work, foundation work, and the construction of a new building. In particular, the real estate holding company was Full Article…
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