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Buying a property in New York City is exciting. However, the real estate market can be challenging, and unfortunately, some buyers fall victim to fraud or misrepresentation. If you have found yourself in this situation, it is crucial to understand your legal options....
There are many reasons why real estate issues might go to court. Landlords have to involve the courts when they evict tenants. Sellers trying to retain a buyer's earnest money may need to go to court to enforce the terms of the offer. In some cases, real property...
Real estate fraud is a serious concern for property buyers and investors. Understanding the legal risks and taking proactive steps can help you protect your investments from scams. Common real estate scams Fraud in real estate takes many forms. These include title...
As a condominium owner in New York City, you may be excited to renovate your unit to make it your dream home. However, renovations without proper board approval or permits can lead to costly and time-consuming consequences. What penalties can I face for unauthorized...
Most people acquiring residential real estate view a transaction as effectively over once they have a closing scheduled. Especially after the completion of any necessary appraisals and inspections, they may feel confident that they can soon obtain the keys to their...
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...
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...
As buildings age and suffer damage over time, they could become subject to major renovations or repairs. Carrying out these types of work may be necessary to maintain a building's structural integrity and functionality as well as to improve one or more units. However,...
Real estate transactions often involve multiple parties and large sums of money, making them complex. With so much at stake, these transactions can become prime targets for scammers or fraudsters. Property owners selling their homes can suffer devastating losses if...
The 1031 exchange, often referred to as the “like-kind” exchange, is a provision under U.S. tax law that can be a game-changer for you as a property investor. It allows you to put off paying taxes when you sell a property, provided you reinvest those profits into a...