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Co-owning property in New York can be a smart financial move for many, including unmarried couples. However, it is not without risks. If you co-own a property, here are some of the most frequent issues you could face: Unequal contributions: Disputes arise when you or...
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...
Imagine spending years of savings on your dream property in New York, only to discover someone else has claimed ownership. Fraudulent deed transfers are not just plot twists in TV dramas; they are a growing concern in the city's real estate landscape. If you are a...
Owning a condominium in New York has its benefits. It also comes with its troubles. As a condominium owner or a volunteer board member of your association, you will likely encounter disputes between either side during your association’s lifetime. Even with New York’s...
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...
A Homeowner’s Association’s (HOA) main purpose is to maintain a well-kept, secure, and harmonious living environment for their development or neighborhood. This responsibility comes with authority, but only up to a certain point. If you’re considering investing in a...
Living alone could be liberating, but sharing an apartment with other people can be beneficial in its own way. Some people may invite others to live with them to share household expenses while enjoying their company. Considering the terms of the arrangement, having...
Shared driveways are common in New York because they are practical, especially for multi-unit or attached residences. The legal concept governing their creation and use is often an easement. An easement is a right given by one property owner (the grantor) to another...
As a property seller, it is crucial to provide correct information about the properties you are selling. This is not only a legal obligation but also an ethical one. If you intentionally give false information or hide key details about the property, you could face...
Many New Yorkers co-own property with another individual or group. Often, these co-owners are able to agree on the use and maintenance of the property. However, disagreements can arise, leading one co-owner to consider legal action to divide the property. This is...