By Rosemary Liuzzo Mohamed and Carly Clinton The transactional world faced many challenges during the pandemic. A traditional purchase/sale closing takes place in a small conference room filled with six to ten individuals passing pens and papers and leaning over each other’s shoulders. Sitting shoulder to shoulder in a tight space is not ideal given Full Article…
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Remote Notarization for Refinance Closings
By Rosemary Liuzzo Mohamed and Carly Clinton A select group of lenders allow the use of remote notarization to conduct refinance closings. During COVID-19 some borrowers were self-quarantining and therefore unable to attend a traditional in-person closing for their refinances. Being able to conduct the closing through audio/visual mechanisms allowed our firm to continue closing Full Article…
New York’s Commercial Lease Defenses to Paying Rent
By Adam Leitman Bailey and Dov TreimanSeptember 2020 ew York is in one of its worst depressions since the American Revolution. Few landlords and commercial tenants have been completely immune from the governmentally imposed economic shutdown and COVID-19’s wrath. Not including what may have been negotiated in a commercial lease, there are three traditional theories Full Article…
How Can a Landlord Rent Their Summer Home After HSTPA 2019?
Q. A luxury condominium owner purchased their unit in 2018 and was previously allowed to rent the unit out for the summer to visitors without any issues. Since the passing of the new tenant protection laws, landlords are no longer allowed to accept deposits or advances that exceed more than one month’s rent. How can Full Article…
Governor Extends Certain Condominium Offering Plan Deadlines
By Adam Leitman Bailey, P.C. On April 16, 2020, Governor Cuomo issued Executive Order 202.18 (EO 202.18), which among other things, extended several deadlines applicable to condominium and cooperative offering plans. EO 202.18 tolls several deadlines that could prevent condo/co-op sponsors from completing and selling condo/co-op projects, though it does not significantly change most ongoing Full Article…
Landmines Borrowers and Lenders Need to Avoid When Negotiating Abatement and Deferrals
In the midst of the current economic deep distress, there are, and will continue to be, countless communications from tenants to real estate owners requesting forbearance from the payment of rent. This will in turn no doubt trigger requests from owners to their lenders, requesting forbearance with respect to mortgage payments. The following discusses some Full Article…
An Update On Suing For Rent
By Adam Leitman Bailey and Dov Treiman Since the Covid-19 crisis hit, there has been a series of directives from the New York State Governor, the Chief Administrative Judge of the New York Courts, and the New York State Legislature. These mutually contradictory proclamations have taken the already complex procedures for suing for rent (made Full Article…
3 Secrets That Made Adam Leitman Bailey the Top Real Estate Lawyer in NYC
His achievements stem back to these simple, common qualities: discipline, merit, and respect. When it comes to heart-wrenching inspirational stories, Adam Leitman Bailey’s could give a Hollywood underdog flick a run for its money. Today, Bailey’s voice is one of the most resonant and influential in New York’s real estate legal sector. He helms an eponymous law Full Article…
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