Whether to rent or buy one's home is a big financial decision. For residents of New York City, where residential property prices are among the highest in the country, the stakes are even greater. Whether renting or buying makes more sense will depend on the individual...
Month: April 2015
Conflicts of interest on condo and co-op boards
Most members of condominium and co-op boards in New York are volunteers. They are doing the job because they want to be involved and work for the betterment of the residential development in which they live. The tangible benefits of condo and co-op board membership...
What is a holdover action in New York?
Being a landlord of residential property in New York can be a difficult and time-consuming business. Issues can arise with repairs, complaints, collection of rent and, in some instances, the need to remove a tenant from the property. Understanding the concept of...
Nuisance and lease violation cases even affect famous athletes
New York is a hot town for real estate, and the sheer alluring nature of the city makes it a popular destination for many. Many times, prominent actors, athletes, models and celebrities rent apartments or homes in the city. Generally, the owners are happy to have...