If you think that buying a house can be daunting, try selling one. You may have a lot of questions about the process, and it's good to get your answers before you begin. Below are some answers to the most common questions that sellers have.1. Do you have to do a lot...
Month: October 2016
Is it rent control or rent stabilization?
Many New Yorkers are housed in units that are either rent-controlled or rent-stabilized, and while the two terms are similar forms of rent regulation, they are not synonymous.The New York City Housing and Vacancy Survey estimates that in 2014, 1,030,000 apartments...
Common contingency clauses when buying and selling homes
Whether you're buying or selling a house, it's crucial to know what types of contingency clauses can be used and how they impact the sale. Generally speaking, the end goal is always the same: The deal can be called off if the contingency is not met. Below are a few...
Man claims lifetime lease on third floor of New York building
Property in New York can be hard to come by, and one man says he tried to lock his interest down in a mixed-use building by signing a lifetime lease. He claims he is entitled to the third floor of the building. However, he says that the landlord is attempting to...