Serving on a condo or co-op board in New York is a big responsibility. Managing the finances and running the day-to-day operations of a multi-unit residential property can be a lot of work. It can also be a thankless job at times, especially when disputes arise...
Month: March 2015
What’s a net lease for New York commercial property?
In New York City, lessors of commercial property typically expect some negotiation when they present a proposed lease to a prospective lessee. Obviously, the amount of monthly rent is one of the most critical terms. But base rent alone is not the only figure the...
New York condo boom dogged by construction complaints
New York is experiencing a housing boom, fueled in part by rising property values and Mayor de Blasio's drive for more housing construction. But there is evidence that as more buildings are going up, some construction companies and developers may be taking shortcuts...
New York’s land condemnation procedure: An overview
Some of the most hard-fought real estate litigation in New York can arise when the city or a government agency seeks to take private land for public use. The government's power of eminent domain, also known as condemnation, is broad. The rights of private landowners...