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…

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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…

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Navigating Buyers and Developers Through New Construction Deals, New York Law Journal

By Adam Leitman Bailey and John M. Desiderio May 3rd, 2010 In late 2008, the real estate sky had started to fall and fall quickly. As a result of the loss of financing and wages, many purchasers in contract to buy a unit in a newly constructed building were either no longer able or willing  Full Article…

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Criminal Liabilities for Cooperatives, The Cooperator

By Adam Leitman Bailey and Dov Treiman April 1st, 2011 Two state laws make the illegality of a tenant’s use of rented premises a matter of considerable concern to property owners of all kinds, including cooperatives. One empowers local prosecutors to bring eviction proceedings against both the illegally-operating tenant and the landowner; the other makes  Full Article…

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Q & A: No Guarantees on Code Compliance, New York Times

By Adam Leitman Bailey May 12th, 2011 Q. Is there a law in New York City that requires a seller to give a prospective buyer a certificate of occupancy that indicates the property is in compliance with local codes? A. “There is no such requirement,” said Adam Leitman Bailey, a Manhattan real estate lawyer. “For  Full Article…

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Construing the HETPA Foreclosure Procedures, New York Law Journal

By Adam Leitman Bailey and Dov Treiman June 8th, 2011 As governments continue to wage war in the form of legislation against lending institutions, we move one step closer to economic chaos and the collapse of marketable title. When business cannot rely on government and courts to enforce contracts and provide for the smooth transfer  Full Article…

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When Purchasing a Newly Constructed Condominium Unit, Let the Buyer Beware, Real Estate Weekly

By Jeffrey R. Metz and Adam Leitman Bailey September 23rd, 2009 The real estate crisis has hit home for thousands of buyers of newly constructed condominium properties. Negligently built units with serious construction problems have forced homeowners to look for a real estate superhero to come to the rescue. But many builders have simply run  Full Article…

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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…

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