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Remote work has lowered occupancy in New York City's commercial offices. This change may lead to more loan disputes between property owners and lenders. Both sides must know about common disputes and how to handle them in court. Here are the main types: Common loan...
In the concrete jungle of New York City, space is at a premium. When you are a property owner, it is not just the land and the structure that holds value—air rights can also significantly impact your property. But what exactly are air rights, and what legal...
In the bustling streets of New York City, sidewalks play a vital role in daily life. They are where customers meet, transactions are made and reputations are built. However, sidewalk easements can pose a hidden threat to both property owners and businesses, leading to...
With more and more people working from home or in a mix of remote and office settings, the amount of empty and unused office spaces in New York has become a major issue. About 18% of the city’s offices are vacant. At the same time, there is still huge demand for...
Your commercial business took off like a rocket, and now all you need to expand your capacity is to purchase the small property adjacent to your company. That will allow you to meet your customers’ demands for your product. But there is one problem – and,...
If you're interested in purchasing a commercial property, you may be frustrated to learn that the property is not in the right zone for the type of business you want to run. Even worse is if this happens after you've already made the purchase, and only then do you...
Rent can be one of the biggest expenses for your business. However, many business owners sign a lease without reviewing it, unaware that leases are generally open to negotiation. Others operate without a lease altogether, exposing themselves to the risk of eviction...
Whether you are a property owner or you work regularly in a property in New Jersey, you have surely seen the occasional slip, trip and fall hazard. You can have the most immaculate and well-maintained building, and still, occasional spills or dropped objects can...
When you enter into a commercial lease, whether as the lessor or the lessee, you and the other party can negotiate virtually any of its terms. While this gives both of you incredible flexibility, however, it also requires each of you to understand a variety...
When a business is deciding on a location and where it would like to set up shop in New York, the costs of a commercial lease will greatly impact where the business will be located and how long it can stay there. And depending on the current state of the commercial...