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Selling a rental property in Brooklyn involves more than finding a buyer and agreeing on a price. Sellers may need to disclose certain facts about the property's condition and legal status. They should also prepare records about tenants, leases and open violations....
Yes, you can buy a property with existing tenants in Brooklyn or elsewhere in New York City. While it may provide rental income from the start, existing leases and state laws can limit rent increases, renovations or plans to move tenants out. Knowing these limits...
Signing a commercial lease is a big step for any business. In Brooklyn’s busy commercial market, tenants often feel pressure to move fast. Taking time to review key lease terms before signing can help avoid disputes and surprise costs later. Confirm zoning compliance...
Buying a luxury property in New York City takes patience and sharp attention to detail. However, many buyers rush through due diligence and pay for it later with delays, disputes or dead deals. Here are the mistakes that trip up even experienced buyers. Skipping the...
Enacted as part of the Climate Mobilization Act, New York City's Local Law 97 (LL97) mandates strict emissions limits for most commercial and mixed-use buildings exceeding 25,000 square feet. If a building exceeds its limit, the owner faces annual civil penalties...
Real estate litigation is sometimes adversarial in nature. One party brings a claim against another due to disclosure issues or boundary violations. Other times, the purpose of real estate litigation is to correct an issue with official records. Quiet title...
In commercial real estate, the lease agreement is the primary authority governing the relationship between landlord and tenant. When a tenant falls behind on payments, can a landlord impose interest charges if the lease does not explicitly mention them? Understanding...
For many seniors, a reverse mortgage looks like a way to turn home equity into much-needed cash. It can feel like a safety net when retirement savings run thin, since you are not required to make monthly payments. Yet, behind the promise of financial relief, there are...
Real estate development can be lucrative, but it also comes with significant legal challenges. Developers often face issues that can delay projects, increase costs or limit what can be built. Below are some of the most common legal hurdles for developers. Zoning and...
When signing a commercial lease agreement, people often rush through the paperwork, trusting that everything is fine. However, not all leases are the same, and such assumptions can be expensive. Once the ink dries, you’re bound by the terms, and the fine print you...