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 between residents or with outside parties. At the law firm of Nadel & Ciarlo we have been representing condo and co-op boards and helping them discharge their obligations for over 20 years.
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 potential tenant must consider. Commercial leases vary greatly in terms of which party is responsible for other costs including utilities, property taxes, maintenance and insurance. There are four basic types of commercial lease that handle these costs in different ways.
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 that result in serious construction defects. According to a recent news story engineers, architects and attorneys say they have seen an increase in calls about shoddy construction problems on new buildings.
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 are protected to some extent by the U.S. and New York State Constitutions, which provide that the government must pay the landowner fair compensation if it takes private property.