Before you buy a co-op unit (technically, shares in the corporation) or start a dispute with your board, it could help to know how your ownership would differ from more common forms of home ownership, such as condominium. This knowledge could inform your decision. It...
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New York City Real Estate Law Blog
The termination of month-to-month tenancy
Whether you currently live in an apartment and are not covered by a rental agreement or you have a tenant who pays rent on a month-to-month basis, it is paramount to understand your rights and responsibilities when it comes to the termination of tenancy. When a valid...
How can I avoid real estate litigation?
Litigation is a part of life, particularly if you are a business owner or are actively involved in real estate. However, even if you are simply looking to manage disputes related to your rental contract as a tenant, litigation may become part of your life as well....
What is a 1031 exchange?
As you look for investment options in New York to grow your personal wealth, real estate often jumps out as an attractive option. Flipping or leasing a property can generate both significant short- and long-term financial gains. Yet as you know from any previous real...
3 red flags in real estate transactions
Perhaps you are in the process of purchasing a home. Whether you are a first-time buyer or not, if you are not careful, you could end up missing signs that a property you are interested in may not be as good of an investment as you think. Before you let the excitement...
Can I negotiate my rent?
When placing a property up for rent, landlords will advertise a specific rental price. Many renters think these rates are set in stone, but the reality is that you can negotiate your rent. CNN explains that you should prepare yourself to negotiate a rent amount. You...
What do you know about avoiding residential real estate scams?
You look forward to buying a new home in New York, but you do not want to become the victim of a scam or involve yourself in an avoidable dispute. How can you protect yourself? Forbes offers tips to help you become a happy homeowner. Safeguard the hard work you put...
Retaining a tenant’s security deposit
As a property owner in New York City, you often find yourself in the position of having to place a great deal of trust in parties that you do not know with when leasing or renting out your units. While your relationship provides benefits to both sides (they make use...
What should I know about NYC zoning laws?
If you are thinking about starting a business, purchase a residential building or develop land in New York City, you must be aware of the zoning laws. Zoning laws may differ between cities and states, so you must be aware of the laws specific to New York City. The...
What is a quiet title action?
If you want to sell or refinance your New York City real estate holdings, you may need a quiet title action. This court proceeding ensures clear title by asking a third party to give up a potential claim to the property. Without clear title, banks will not loan money...