By: Adam Leitman Bailey July 18th, 2014 Throughout the residential housing industry, there is dangerous ignorance of the amendments promulgated this year, amending the Rent Stabilization Code. All owners should be reading as much as possible about these amendments. Business is simply not the same as it was. One of the massive changes is in Full Article…
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“Tenant Protection: Suggestions Offer Remedies for Harsh provisions,” New York Law Journal
By Adam Leitman Bailey and John M. Desiderio During the last five years, the pendulum of commercial leasing has begun to swing. At common law, the doctrine of “caveat emptor” governed commercial leasing. By the 1970’s, New York courts, relying on equitable principles, began to carve out exceptions to caveat emptor. 1 Equity gained greater Full Article…
What You Must Know When Negotiating a Rooftop Antenna Contract,” The Cooperator
By Adam Leitman Bailey and Dov Treiman September 1st, 2009 As the trilogy of real estate values rising, building usage changing, and cellphone and Internet communications became universal, wireless telecommunications companies became popular defendants in the Commercial Part of New York’s Civil Court. Owners began examining their rooftop antenna agreements to determine means to terminate Full Article…
BlumbergExcelsior Introduces Comprehensive New Sublease of a Cooperative Apartment in New York
Blumberg Excelsior Introduces Comprehensive New Sublease of a Cooperative Apartment in New York NEW YORK, NY – June 12, 2012 BlumbergExcelsior Inc., a leading supplier of online law forms, has introduced a new comprehensive sublease of a cooperative apartment in New York. The prominent real estate attorneys Adam Leitman Bailey, Leonard Ritz and Dov Treiman Full Article…
New Use for an Old Tool: Collecting Rent With an Account Stated
Outside Counsel MONDAY, NOVEMBER 22, 2010 New Use for an Old Tool: Collecting Rent With an Account Stated BY ADAM LEITMAN BAILEY AND DOV TREIMAN At least since Abraham and Lot’s shepherds parted ways over a land grazing dispute,1 Western Civilization’s literature has been full of accounts of monetary and property disputes. Litigators across the Full Article…
Business Judgment Rule: No Free Pass to Board Action
By: Adam Leitman Bailey & John M. Desiderio June 11th, 2014 The past 12 months has been the year unit owners and shareholders have found cooperative and condominium board of director’s kryptonite at the appellate courts. For years, the courts of New York have been rubber stamping board decisions under the shield of the business Full Article…
Adam Leitman Bailey, P.C. Successfully Obtains Judgment in Three Common Charges Foreclosure Actions
Our clients, the Boards of Managers of condominiums, often find themselves in the precarious situation of having a unit owner that is failing to pay common charges despite numerous notifications of the default and are therefore forced to file liens on the units and bring a foreclosure action against the unit. And, because of the Full Article…
Q&A: Criminal Activity in Condo/Co-op Unit: What Should the Board of Managers Do?
By: Adam Leitman Bailey, Colin Kaufman & Rachel Sigmund June 1st, 2014 Q: When a condo/co-op board of managers becomes aware that a resident or tenant has committed a crime inside his or her unit (e.g., illegal drug sale), what actions should the board take? A: First, the board should report the alleged illegal conduct Full Article…
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