Changes to the Peconic Bay Tax

The five East End towns of the Peconic Bay Region in Suffolk County, New York are East Hampton, Shelter Island, Southampton, Riverhead, and Southold.  When purchasing a home in this region, a purchaser will pay a one-time transfer tax called the Peconic Bay Region Community Preservation Fund (or CPF), (“Peconic Bay Tax”).  Up until recently, the  Full Article…

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What Happens When a Party Wall Spoils the Party?

Many reasons occasioned by the Housing Stability and Tenant Prevention Act disincentivized property owners from improving existing buildings because either (a) they could not greatly increase rents after a rent-regulated tenant vacated a unit, or (b) they could not obtain approved rent increases by improving the major components of a building. The only way to  Full Article…

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Adam Leitman Bailey Saves Upper East Cooperative From Forced NYU Combination With Neighboring University Building

To fall in love with where you live is one of life’s grandest gestures, finding peace and passion in the places you call home. For residents of New York, the city that glimmers day and night, it’s hard not to cherish the homes made among the glittering buildings. New York is a place so uniquely  Full Article…

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A Lender’s Guide To Hiking Through the Retroactive Trails of the Foreclosure Abuse Prevention Act

Lenders in New York are battling backwards to foreclose on loans that are indisputably due and owing. On Dec. 30, 2022, Governor Kathy Hochul signed into law the controversial Foreclosure Abuse Prevention Act (FAPA) in direct response to the New York State Court of Appeals’ decision in Freedom Mtge. Corp. v. Engel, 37 N.Y.3d 1 (2021),  Full Article…

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Buildings for Landlords: Want to End Short Term Rentals in Your Building? Get on the “Prohibited Buildings List”

On January 9, 2023, a new law known as Local Law 18, also known as the Short-Term Rental Registration law, became effective. This new law requires short-term rental hosts (rentals fewer than 30 consecutive days) to register their apartment with the Mayor’s Office of Special Enforcement (OSE) and receive a registration number. Booking services such  Full Article…

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Adam Leitman Bailey, P.C., Protects Landlord’s Rights Under a 25-Year Old Easement

Plaintiff bought a property in 1998; her deed included an easement retained by the vendor to  permit access across its driveway to the loading dock of its then-neighboring warehouse “…for the purpose of permitting ingress and egress of persons and motor vehicles.…” Before 2012, Plaintiff was allowed to traverse Vendor’s driveway to park in the  Full Article…

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Adam Leitman Bailey, P.C. Prevails at Making New Law as Appellate Division Finds Second Sponsor Not Liable For Condominium Building Defects

COURT LETS FORTIS OFF HOOK FOR WILLIAMSBURG CONDO DEFECTS Developer wins argument that shoddy workmanship is board’s problem now In a dispute between the Board of a condominium and the Sponsor of a condominium who acquired several condo units following a Chapter 11 Bankruptcy of the original sponsor, the Board brought suit alleging breach of  Full Article…

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How Adam Leitman Bailey, P.C. Secured a Million-Dollar Award in a Major Case on Attorneys’ Fees

In July of 2023, Adam Leitman Bailey, P.C. represented a prominent multinational conglomerate in New York City in its motion for partial summary judgment against Defendants De Boulevard LLC, RJ Capital Holdings, LLC, and KSK Construction Group, LLC. We were awarded reasonable pre- and post-litigation attorneys’ fees and costs based on the parties’ license agreement.  Full Article…

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