In the past five years, we have had an increasing number of owners of rent stabilized buildings in New York City come to us in desperate need of help after receiving a “final notice” from the Division of Housing of Community Renewal of the State of New York (“the Division”). The “final notice” says that Full Article…
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Avoiding Usury: Determining the Maximum Interest That Can Be Legally Charged
Adam Leitman Bailey, Dov Treiman, and Danny Ramrattan discuss the limited applicability of usury defenses. They write: “In all, this area of the law is deceptively simple and the resolution of any case will require a close examination of the intricacies of the particular matter.” New York imposes two separate rates for determining usury, a Full Article…
Adam Leitman Bailey, P.C. Settlement Negotiations Save NYC Owner Hundreds of Thousands of Dollars in Rent Overcharge Class Action Case
Since the surge of tenant class action rent overcharge cases began circa 2017, Adam Leitman Bailey, P.C., has defended a number of the targeted NYC owners of buildings who participated in the J-51 tax exemption and abatement program and did not, for one reason or another, immediately re-regulate units after the 2009 Court of Appeals Full Article…
Adam Leitman Bailey, P.C. Repeatedly Wins Access for Emergency Repairs
A major client of Adam Leitman Bailey, P.C. has had to endure damage to its building arising from the construction work of a large neighboring Manhattan institution. Adam Leitman Bailey, P.C. persuaded the institution to fund the repairs and the legal work entailed in keeping the client’s building safe. Adam Leitman Bailey, P.C. got the Full Article…
Adam Leitman Bailey P.C. Is Awarded Summary Judgment Dismissing Tenants’ Affirmative Defenses As Meritless and Ordering Immediate Access for Window Installation
Adam Leitman Bailey, P.C. was retained by the owner of a building in West Harlem comprised of approximately 1,193 Class A apartments on a single footprint spanning over five towers. Due to the fact that all of the residential windows were more than forty-five years old, beyond their useful life, and increasingly costly to repair and Full Article…
Developments in Loft Law Case Law and Legislation
Although the rights and laws of loft law owners are being debated in the halls of the legislature as we write, no field of law has seen a greater slowing in development than Loft Law landlord-tenant rights. However, that does not change the fact that there have been such developments, both legislatively and in the Full Article…
Adam Leitman Bailey, P.C. Successfully Negotiates Almost Complete Relief for a Landlord Seeking Arrears From Rent-Stabilized Tenant
COVID-19 has disrupted the ordinary course of dealings in both the residential leasing and sales sectors, with renters and buyers using COVID-related excuses and delays in attempt to avoid paying rent and close on sales in a fluctuating market. However, using a distinct combination of deep institutional knowledge about the Real Estate market, aggressive litigation Full Article…
Adam Leitman Bailey, P.C. Ensures Tenant’s Compliance and Achieves Ideal Outcome for Landlord Client; Tenant Pays Landlord’s Legal Fees in Full
The landlord of a large commercial space in the East Village consisting of a store front that spans half a city block and two basement spaces retained Adam Leitman Bailey, P.C. after his tenant refused to pay rent. The tenant, a large food market and essential business, did not have to shut down by the Full Article…
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