New York City Real Estate Law Blog

Overcoming a dispute with your neighbors

On behalf of Nadel & Ciarlo, P.C. posted in Real Estate Disputes on Friday, November 15, 2019.

Having a good relationship with those who live close to you can add quality to your life and give you a sense of community. Even if you are not on particularly good terms with your neighbors, you likely do what you can to keep things civil. However, if you are finding that your neighbor's behavior is no longer tolerable, you may be curious as to how the law could help you.

The options you have regarding resolving an existing dispute with a neighbor will largely depend on the nature of that dispute. The following are some tips on how to handle some of the most common neighbor disputes.

What does your pre-qualified mortgage mean?

On behalf of Nadel & Ciarlo, P.C. posted in real estate transactions on Friday, November 1, 2019.

You want to buy a home or apartment in New York, and so you reach out to a mortgage lender. They ask you for some information, you provide it, and then they tell you that you are pre-qualified for a certain amount of money. What does this really mean?

The biggest pitfall here is that people -- especially first-time homebuyers -- often assume that they are guaranteed that much money. They cannot believe how fast and easy it was, but they think that's what they can spend.

Information that should be in a lease

On behalf of Nadel & Ciarlo, P.C. posted in Landlord/Tenant Matters on Friday, October 18, 2019.

Whether you are a landlord drafting a lease for a new property or a tenant considering the lease before signing -- it's very important to read through it carefully -- you need to know what should be in that document. It's a legal contract that helps define your rights and roles moving forward. It's more than just the price of the home or apartment.

So, what should be in the lease? A few key things include:

How much the monthly payments will be
If there are discounted options, such as a one-time yearly payment
The amount of the deposit
The exact dates and times that the agreement covers
The physical address that the property occupies
What unit the person is renting out, if applicable
The landlord's name and the basic contact details
The date on which the two entered into the agreement by signing the lease
Any options to renew the lease and how they work
Rent increase policies
Payment options
What appliances and furnishings the unit comes with
What the policy is for keeping the deposit
A checklist for previous damage to the apartment
What happens if the tenant misses a payment
If the tenant gets a grace period or not
Whether or not the utilities are included and, if so, which ones are
What the policy is for evicting a tenant
If the tenant is allowed to sublet the space

Understanding the laws on tenant eviction

On behalf of Nadel & Ciarlo, P.C. posted in Landlord/Tenant Matters on Friday, October 4, 2019.

When a person is renting an apartment or home from a landlord, they have the entitlement to security. This means that they cannot simply be evicted with no notice and with no reason. However, since the landlord legally owns the property, the landlord can evict the tenant under certain circumstances.

Both landlords and tenants should make sure that they have a good understanding of the law regarding eviction. By doing so, they will be able to act within the law at all times and stand up for their rights.

What are the advantages of a pre-foreclosure sale?

On behalf of Nadel & Ciarlo, P.C. posted in real estate transactions on Friday, September 20, 2019.

If you have been struggling to keep up with your mortgage due to unemployment, medical bills or perhaps overwhelming debts, you may live in fear of foreclosure. Foreclosure occurs when lenders decide to essentially cut their losses by taking possession of your home and selling it to gain back what they are owed.

Foreclosure is best avoided because it will result in you losing your home as well as having your credit score substantially lowered. There are several ways to avoid foreclosure if you act early. One of the ways to avoid foreclosure is to go through a pre-foreclosure sale.

Common disputes when buying or selling a home

On behalf of Nadel & Ciarlo, P.C. posted in Real Estate Disputes on Friday, September 6, 2019.

In an ideal situation, you will have a great relationship with the person that you are buying your home from or selling your home to. It is a relationship that requires honesty, transparency and good communication.

However, because of the complex nature of real estate transactions, disputes can commonly occur. The following are some of the most common causes of real estate disputes that you would be wise to watch out for.

Avoiding tenant disputes as a landlord

On behalf of Nadel & Ciarlo, P.C. posted in Landlord/Tenant Matters on Friday, August 23, 2019.

Being a landlord can be difficult because you will often have to balance questions of personal interest with the desire to avoid disputes. It is important that you set boundaries with your tenant early on in the process of renting, and that you put everything in writing so that you can avoid misunderstandings in the future.

The following are some things that you should do as a landlord if you want to effectively avoid tenant disputes.

What is a special forbearance?

On behalf of Nadel & Ciarlo, P.C. posted in real estate transactions on Friday, August 9, 2019.

Life is unpredictable. No matter how much we try to plan for the future and allocate our finances accordingly, events happen that can change our situation. Unexpected hardships can arise if we unexpectedly lose our jobs or become ill, for example.

When unexpected hardships arise, we may struggle to be able to pay necessary expenses such as our mortgage for a certain amount of time. As a result, it's common to fear foreclosure. If you are struggling financially and want to avoid foreclosure, seeking special forbearance could be a great option for you.

The most common causes of real estate disputes

On behalf of Nadel & Ciarlo, P.C. posted in Real Estate Disputes on Friday, July 26, 2019.

If you are currently involved in a real estate transaction, you will want to do whatever you can to prevent disputes from taking place. Disputes are never ideal for any party, because they waste time, can be costly, and are stressful.

It is important that you are aware of the most common causes of real estate disputes, even if you are not currently involved in one. This will give you the information you need to help you to prevent disputes from arising in the future.

Your landlord isn't always obligated to make repairs to your home

On behalf of Nadel & Ciarlo, P.C. posted in Landlord/Tenant Matters on Friday, July 12, 2019.

Real estate such as apartment buildings or homes must be regularly maintained to remain habitable. If small plumbing, electrical, or heating and air problems are left unaddressed, then they have a way of becoming much larger issues. If you're a renter, then you may assume that any and all problems are the sole responsibility of your landlord. That's not always the case, though.

The first thing that you should do when something goes wrong in your home is to dig out the lease and read over it. You'll want to scan through the terms and conditions listed to see what they say about who's responsible for the particular concern that you're having. If it doesn't clearly address it, then you'll want to search through New York state and city laws to see what it says about it.