Mechanics' and materialmens' liens are powerful tools available to contractors, subcontractors and material suppliers to ensure they are paid for work or materials they have provided on a construction project. For developers and building owners, it is extremely important to make sure they receive lien waivers from all contractors and suppliers at the time they make final payment on the project.
For the owner or operator of a store, restaurant or office in New York City, negotiating a favorable lease is often a critical factor in their business's success. Similarly, owners of commercial real estate depend on the cash flow from the monthly rent payments they receive from tenants. For both landlords and tenants a clear and unambiguous lease agreement is essential. But even the most carefully negotiated lease can't prevent every dispute that may arise.
Unfortunately, during the course of a relationship between landlord and tenant, it is not uncommon that a disagreement or dispute arises. It is important to maintain professional interactions during a dispute to avoid additional problems.
In New York City there are over a million apartments subject to rent stabilization laws. Over the past few weeks landlords and tenants of these units have been following developments in Albany and in the city, as the State Legislature and the city's Rent Guidelines Board have grappled with issues related to the renewal of those regulations and the annual vote on rent increases.
Residential real estate generates a lot of legal disputes in New York. Sales and purchases of real estate can create conflicts, of course, but so too can the management of everyday affairs of landlord-tenant and neighborly relations.