If you are purchasing residential real estate in New York, you want to be sure the property is free of unknown title issues. In real estate, title basically means ownership. It can also be defined as evidence of that ownership. Title can be held by an individual, corporation, co-operative or other legal entity. It can be held jointly or in common with others.
When owners of co-op apartments or condos in New York City want to renovate or remodel their units, significant legal issues can arise. The bylaws of the condo association or the co-op corporation must be consulted, as well as local building codes and city and state laws.
Renting commercial space in New York City can be a complex proposition. Whether you are looking for retail space, office space or industrial property, it is important to understand key lease provisions and negotiate terms that are as favorable as possible.
Condominiums have long been a popular form of housing in New York City. A new surge in condo development and construction will put twice as many units on the market in 2015 as in 2014. It is predicted to be the greatest number of new condo units opening for sale in the city since 2007.