By Kathy Kristof Wondering whether you can make a fortune in rental real estate? With real estate prices and interest rates in the basement, the opportunities for landlords look mouthwatering. Buying the right property at the right price allows you to generate long-term profits — maybe even short-term income– with a minimum of cash. That Full Article…
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Hot Real Estate Deals: The Best and Worst of 2013
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…
Court Ruling Makes Some Evictions Easier
By JAY ROMANO A decision by a New York appeals court has resulted in a major change in how eviction cases involving tenants in illegal apartments are handled in Brooklyn, Queens and Staten Island. The decision, binding on lower courts in those boroughs, allows landlords to use Housing Court — rather than the state’s trial 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…
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…
State High Court Decision Exorcises Ghosts of Liens Past
By Adam Leitman Bailey and Dov Treiman Secured borrowing and the transfer of money are the bedrock of the global financial system. However, that system finds itself in crisis. Before the current malaise can end, the system must rebuild in a manner that ensures mutual trust between lenders and borrowers. Rapid repair of the economy Full Article…
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