by Kate Rogers | Published February 11, 2013 | FOXBusiness We may only be two months into the year, but 2013 is shaping up be a solid year for the real estate market. With record-low interest rates and other investments still on shaky ground, some experts are pointing to real estate as a prime investment Full Article…
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What a Revolting Development
By S. Jhoanna Robledo Published In 2004, Meggan Berley and her husband, empty-nesters in Dobbs Ferry, ditched their longtime rental and bought a new condominium on Spencer Street in Brooklyn. Then the headaches began. On movein day, the floors weren’t finished and the kitchen cabinets had no doors. The Berleys lived amid construction for weeks. Then 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…
Default Clauses: Better Drafting Can Forestall Problems
By Adam Leitman Bailey and Dov Treiman Attorneys are making too much money litigating disputes between commercial landlords and tenants. Even the most frequently used “standard form” leases permit tenants to stall and strangle property owners.1 And these same leases leave tenants without proper recourse when property owners fail to follow written commitments.2 Instead of Full Article…
New Power of Attorney Law Corrects Some Flaws, Not All
By Adam Leitman Bailey and Dov Treiman On Oct. 14, 2009, these authors critiqued the then brand new Statutory Short Form Power of Attorney (POA) statute. In brief, we found it to be a disaster. Now sitting on the governor’s desk, awaiting signature, is a heavily amended version of the statute addressing a number of the Full Article…
Are Buyers of New Condos and Co-ops Subject to Caveat Emptor?
BY ADAM LEITMAN BAILEY AND JOHN M. DESIDERIO Before purchasing a condominium or cooperative apartment in a newly built high rise of six or more stories in New York, a prospective buyer needs to pay close attention to the warranty provisions of the sponsor’s offering plan and purchase agreement. Unless the agreement contains the sponsor’s Full Article…
The Warranty of Habitability: An Unexpected Hazard in Home Mortgage Foreclosure
By Adam Leitman Bailey and Dov Treiman Most attorneys and nearly all educated tenants in this State are aware of the existence of the warranty of habitability. Few may know that it is statutory in basis, fewer care that it contradicts the common law, but most would be surprised by the types of occupancy to Full Article…
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