By Adam Leitman Bailey May 12th, 2010 Q. What rights does being registered as “domestic partners” in New York City convey in regard to real estate? I moved into my partner’s co-op five years ago, but the board refuses to add my name to the shares and proprietary lease. A. Adam Leitman Bailey, a Manhattan Full Article…
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Q & A: Putting a Time Limit on Rent Stabilization, The New York Times
By Adam Leitman Bailey Q. For the last 30 years I’ve lived in a “J-51” rental building and have been informed that my rent-stabilization status will expire in a number of years. Is this legal? A. Adam Leitman Bailey, a Manhattan real estate lawyer, said that the under New York City’s J-51 program, building owners Full Article…
Q & A: Ending a Lease With Little Notice, The New York Times, Speakers: Jay Romano
By Dov Treiman October 22nd, 2010 Q: I am a co-op shareholder who rented my unregulated apartment to a couple for one year. In their new lease, they asked me to include a clause that would allow them to move out with two months’ notice. I agreed, and included a similar clause for myself in Full Article…
Q & A: Raising Rents in Hardship Cases, The New York Times, Speakers: Jay Romano
December 2nd, 2010 Q. A number of rent-regulated apartments are for sale in a New York City condominium building. Several of the tenants pay less in rent than the combined common charge and real estate tax on their apartments, creating a negative cash flow. What are the chances that a new owner could get a Full Article…
Q & A: Subletting vs the Board ?, The Cooperator
March 1st, 2011 Q. I am the owner of a one-bedroom apartment on the Upper West Side of Manhattan. I have a legal subtenant who filled out all forms and paid all the fees as described on the required two-year lease provided by the board, including that of a credit check, move-in and move-out fees, Full Article…
Q & A: Effects of Warranty of Habitability on Mortgage Foreclosures, New York Apartment Law Insider
By Adam Leitman Bailey and Dov Treiman March 1st, 2011 Q. Since the financial crisis in 2008, it seems as though more and more owners are becoming unable to pay for repairs to their over-mortgaged buildings. These owners may be unable to borrow additional money to finance repairs because they have negative equity in their Full Article…
Landlord Protections Make for Stronger Lease Agreements, Real Estate Weekly, Speakers: Dina Chadi
By Dina Chadi September 21st, 2011 The primary purposes of a residential lease agreement are threefold: (1) to designate the amount of rent, (2) to declare rights and remedies between landlord and tenant, and (3) to declare the landlord’s obligations and remedies in case of a default by the tenant. Most lease agreements are standardized Full Article…
“Q & A: Buying Out a Stabilized Tenant”, The New York Times
By Adam Leitman Bailey September 29th, 2011 Q. I am considering buying a rent-stabilized apartment from the sponsor of a converted building. The current tenant said she was willing to vacate the unit provided I bought her out. Is there any mechanism to make sure the tenant will vacate the unit after closing once I Full Article…
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