By Dov Treiman Q. Can a landlord who has converted a building to condos pay for an elevator refurbishment through a major capital improvement increase passed along to regulated tenants?
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Q & A: What to Expect After Deregulation
Q.My rent-stabilized apartment in New York City has just become deregulated as a result of high rent/high income deregulation. Is the landlord legally required to give me first consideration on a new lease at market rate, and must that new rate be reasonable and legally fair?
Q & A: How to Prepare for a New Landlord, The New York Times
By Dov Treiman Q. The multifamily house that I rent in has been sold. What documentation should be drawn to show that the lease and the security deposit have been transferred? My lease had a two-month deposit requirement.
Understanding, Complying With New Real Estate Settlement Procedures Act Rules
By Adam Leitman Bailey and Dov Treiman The Real Estate Settlement Procedures Act has governed costs associated with residential mortgage transactions since 1974, but it became the subject of significant controversy as reports surfaced of abuses by lenders and third-party service providers. After many halting attempts to overhaul the RESPA rules, the Department of Housing Full Article…
Tenants Sue Landlord in Attempt To Force Repairs
By Candace Taylor Tenants in a Pinnacle Group building on Riverside Drive and 144th Street are suing their landlord, claiming that the six-story rental building is in need of extensive repairs. The building, at 668 Riverside Dr., is set to undergo a conversion into condominiums, but the tenants are claiming that “mold, constantly leaking pipes, rotting wood, fallen Full Article…
The Downside for Condos in a Downturn
By TERI KARUSH ROGERS DURING the recent boom, buyers who coveted condos for their sex appeal could also make the case that condos were a smarter choice than co-ops. In theory, you didn’t have to prostrate yourself, financially and otherwise, before a board for approval, and you could sell or rent pretty much to whomever you Full Article…
Realty Law Digest–New York Law Journal
Realty Law Digest Scott E. Mollen New York Law Journal | March 16, 2011 Co-Ops — Sellers Rented Apartment Before Board Approved the Pending Sale of Their Co-Op and Board Rejected the Sale — Sellers Sued — Individual Board Members Had No Personal Liability— NYS Human Rights Law — Federal Fair Housing Act— Breach of Fiduciary Duty — Full Article…
Lawyer not to be judged by his cover
By Liana Grey Last month, the real estate lawyer Adam Leitman Bailey received an award from the National Association of Real Estate Editors for his best-selling book, Finding the Uncommon Deal: A Top Lawyer Explains How to Buy A Home for the Lowest Possible Price. Much of the how-to guide, which took Bailey six years Full Article…
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