News

Certificate of Occupancy: What You Should Know When Buying and Selling

Summer is quickly approaching, and you are looking to renovate your house. Perhaps you’ve already hired contractors to build an addition, extend your deck, renovate your bathroom or build a pool in your backyard. Depending on the type of work you have planned, your contractor may need to obtain permits. The failure to obtain proper […]

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First Comes Love, Then Comes…Real Estate??

Real estate can drive relationships, for better or for worse, especially in New York, with its high cost of living and even higher cost of real estate.  An annual survey released by the National Association of Realtors showed that 65 percent of homes purchased in 2014 were bought by married couples, 16 percent by single […]

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Pet Policies – Make Sure You’re Not Barking Up the Wrong Tree

Landlords and Board members have the discretion to establish and enforce pet policies for their residents. This can be done through the terms of a lease – either a traditional rental lease or a cooperative’s proprietary lease. While Boards and landlords have power to create and enforce pet policies, federal, state, and city laws may […]

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When the Closing Date Isn’t Really the Closing Date

You’ve found your dream home!  Your attorney has negotiated your contract; you’ve paid the deposit and arranged for a mortgage.  You’ve marked the closing date on your calendar.  But what exactly does the closing date in your contract mean? A specific closing date or a closing set for “on or about” a specific date does […]

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Don’t Lose Your Mind Over A Lost Stock and Lease

When a home or condominium owner loses a deed it is generally not a big deal. When a person buys a home or condominium the deed is recorded in the county where the property is located. Once the deed is of record, the original deed itself is irrelevant. With co-op ownership losing documents is not […]

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Due Diligence for Commercial Real Estate Acquisitions

Due diligence is the investigation of a person or business. In the context of a commercial real estate transaction, the buyer uses the due diligence process to gather information about property to be acquired.  This Note explains, from a buyer’s perspective, why due diligence is necessary, what materials to review and what to look for. […]

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