Representing a commercial landlord, Adam Leitman Bailey, P.C. successfully sued the tenant and guarantors for unpaid rent in Manhattan Supreme Court, winning a $1.6M monetary judgment, which included rent arrears accumulated before and during the COVID-19 pandemic. The tenant rented a prime location to operate a food market at a base rent of about $70,000.00 Full Article…
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The Upstate Vs. The Downstate Closing
Along with the pandemic came a dramatic increase in the purchases and sales of upstate New York properties. Our banking department rapidly began to receive upstate closing files and quickly began to learn the defining differences between upstate and downstate (NYC and surrounding counties) real estate closings. Let’s explore some of these differences. Downstate closings Full Article…
Adam Leitman Bailey, P.C. Defeats Dismissal Motion In Problematic Foreclosure Action
Adam Leitman Bailey, P.C. was retained by a Lender to take over a disastrous 7-year-old foreclosure action that was already plagued with an order tolling interest to the detriment of the Lender for prior delays in the action. Defendants moved to dismiss the action pursuant to CPLR § 3215(c) for the Lender failing to take Full Article…
Title Policy Exceptions Enforced to Defeat Disgruntled Property Owner
The Plaintiff purchased a property and obtained a title policy which contained certain exceptions to coverage regarding a driveway, a portion of which encroached onto a private street. The plaintiff used that driveway and also had access to a public street which abutted his property. Subsequently, the adjacent property, which included the private road, was Full Article…
Developments in Loft Law Case Law and Legislation
Although the rights and laws of loft law owners are being debated in the halls of the legislature as we write, no field of law has seen a greater slowing in development than Loft Law landlord-tenant rights. However, that does not change the fact that there have been such developments, both legislatively and in the 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…
Adam Leitman Bailey, P.C. Obtains Restraining Order to Lock Out Violent Illegal Short-Term Rental Operators with New York Police Department Assistance
Adam Leitman Bailey, P.C. secured an emergency temporary restraining order for its landlord client before Christmas, obtaining permission from a Supreme Court Judge to change the locks and seal the doors to three apartments with New York Police Department (NYPD) assistance to keep out violent illegal short-term rental operators. First, Adam Leitman Bailey, P.C. secured a Full Article…
Adam Leitman Bailey, P.C. Hired to Litigate in Sale of Property Conflict and Resolves Dispute Against Neighbor Without Litigation and Much Higher Sales Price
Two siblings hired Adam Leitman Bailey, P.C. for a contract negotiation regarding the sale of their inherited apartment. After successfully and strategically maneuvering the clients through a series of intricate hurdles, the attorneys at Adam Leitman Bailey, P.C. reached a settlement with the client’s adversary at a much higher price than they had been previously Full Article…
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