Q. Is it legal for a corporation to be a rent-stabilized tenant? A. Yes, “a corporation can rent a rent-stabilized apartment,” said Adam Leitman Bailey, a Manhattan real estate lawyer. “But the terms of the rental will determine whether or not the apartment is entitled to the automatic renewals that are normal under rent stabilization.” If the lease names Full Article…
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Adam Leitman Bailey, P.C. Rescues Major Publicly Traded Company From Eviction
A major publicly traded company holding numerous New York properties came to ALBPC with a dilemma. Its landlord at a building in a major up and coming neighborhood alleged that the company had been neglecting the rental property for decades. As a result, the landlord was declaring forfeiture of the right to rent the property Full Article…
No Help for Jilted Sellers as Court Sticks With Precedent
n White v. Farrell,1 the New York Court of Appeals ruled that the measure of damages for a buyer’s breach of a contract to sell real property, where the contract does not contain a liquidated damages clause as the seller’s exclusive remedy,2 is the difference between the contract price and the fair market value of the property on Full Article…
Use Six Arguments to Beat Sanitation Violations
One big headache for many owners is getting hit with violations from the city’s Department of Sanitation (DOS). These violations include not keeping the sidewalk in front of your building clean, not sweeping 18 inches into the street, and not properly maintaining garbage receptacles. And now that DOS has raised the minimum base fine for 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…
Post-Sandy Landlord-Tenant Questions and Answers About Your Apartments
By: Adam Leitman Bailey & Dov Treiman March 20th, 2013 Q: Is there any difference in the law between how regulated and unregulated apartments are handled when the tenant cannot live there because of storm damage? A: Rent regulation makes almost no difference in the legal treatment of storm damaged or destroyed apartments. In unregulated Full Article…
They Do the Crime – And It’s on Your Dime
By Adam Leitman Bailey and Dov Treiman Two State laws make a tenant’s illegal use of rented premises a matter of considerable concern to owners. One law empowers local prosecutors to bring eviction proceedings against both the illegally operating tenant and the premises’ owner; the other makes the owner as liable as the tenant for Full Article…
Metz aiming for All-Star status at growing law firm
Profile of the Week Metz aiming for All-Star status at growing law firm Real Estate Weekly, Jan 28, 2009 by Daniel Geiger Jeffrey Metz, a well-known real estate lawyer has joined the law firm Adam Leitman Bailey P.C. Metz had previously worked in the appeals bureau of the firm Borah, Goldstein, Altschuler, Nahins and Goidel, Full Article…
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