In Home Loan Investment Bank v. Lauday Inc. and Aretha Barrett Realty Corp., et. al., Case No. 1:09-cv-03088-ERK in Federal Court, Eastern District, Adam Leitman Bailey, P.C. negotiated a so-ordered stipulation declaring Home Loan Investment Bank’s 1.435 Million Dollar mortgage to be a valid, first priority interest secured by a series of properties in Brooklyn, despite certain counterclaims Full Article…
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Adam Leitman Bailey, P.C. Defends Commercial Property Owner From Predatory Lender’s Bad Faith Foreclosure Suit
Adam Leitman Bailey P.C., achieved an instant victory for its client, a borrower under a commercial loan, as a New York Supreme Court Judge, ruling from the bench, denied a lender’s bid to appoint a receiver for the borrower’s commercial property and simultaneously dismissed the lender’s foreclosure suit. The victory was the result of a Full Article…
Adam Leitman Bailey, P.C. Expedites Construction of a Brooklyn Restaurant
Property owners in Brooklyn applied to the Department of Buildings seeking to construct and open a restaurant on Third Avenue spanning three adjacent lots. For this project, however, the Building Code required a second means of egress to be established between the lots. The property owners’ architect attempted to create and record documents into the Full Article…
Q&A: Landlord Raises Garage Rent
By: Jay Romano November 4th, 2012 Q I have a rent-stabilized apartment with a garage space in New York City. For my upcoming lease, the landlord wants to apply the rent guideline increase of 2 percent or $20, whichever is greater, to the current rent for the garage. A neighbor who rents storage space in the Full Article…
Residential landlords offer rent abatements to tenants stranded by Sandy
By Katherine Clarke November 8th, 2012 In the wake of Hurricane Sandy, several of the city’s largest residential landlords have announced that they are providing comprehensive rent abatements to tenants who lost power or water during the storm. Both tenants of luxury and more affordable housing may see some relief. Rose Associates, owner of high-end rental Full Article…
Q & A: Installing Safety Bars in a Bathroom
By: Jay Romano October 19th, 2012 Q. I live in a rent-controlled apartment in New York City, and I am a senior citizen. Who is responsible for the purchase and installation of safety bars in the bathtub and shower area? A. John Desiderio, a Manhattan real estate lawyer, says the law is basically silent on the obligation Full Article…
Landlords Facing Post – Sandy Responsibilities
By Adam Leitman Bailey and Dov Treiman Q: Is there any difference in the law between how regulated and unregulated apartments are handled when the tenant cannot live there because of storm damage? A: Rent regulation makes almost no difference in the legal treatment of storm damaged or destroyed apartments. In unregulated apartments, the lease Full Article…
Adam Leitman Bailey, P.C. Protects HSBC Bank USA, N.A. as a Secured Lender
In 28 St. Nicholas Ave. HDFC v. HSBC, et. al., Adam Leitman Bailey, P.C. negotiated a pre-trial settlement, in which HSBC’s mortgage was declared a valid interest secured by a building in Brooklyn, despite a fraudulent deed transfer in the chain of title. The President of the HDFC deeded ownership of the entire building from Full Article…
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