You can’t just get out of your contract because you want to. Rather, you can ask several questions to help determine whether there are valid legal arguments for you to defend against, rescind, or terminate a contract. Here are ten questions to consider if you’re wondering how to get out of your New York contract. […]
Read More
Understanding the Breach of Fiduciary Duty
When your business hires employees or those who work on your behalf, you want them to behave in a way that suits your interests and is complementary to the company. When this doesn’t happen, not only is it a disappointment, but it may also be a violation of the law. An example of this is […]
Read More
When Can a Co-op Board Enter a Unit in NY?
There are times when a New York co-op board or a condo association may want or need to get into a unit….but when? General examples include when there is consent of the occupant, when there is a court order, or when there is an emergency. An initial step to gain access is to check the […]
Read More
What You Need to Know Before Purchasing a NY Multi-Family
If you’re considering investing in multi-family properties, then you want to be informed before making this major purchase. You’re likely going into this endeavor with the intention of renting the units to generate revenue, but being a landlord isn’t for everyone. Read on to learn what you need to know before purchasing a New York […]
Read More
Dissolving Your New York Business in Six Steps
Dissolving a business is not as easy as simply closing your doors and calling it a day; there are various legal steps that you must take to wind up and close your business. When you don’t formally dissolve your business, you could be responsible for annual fees and taxes. Read on to learn how to […]
Read More
Should I Discuss Estate Planning During the Holidays?
With the winter holidays fast approaching, the thought of family festivities may be on your mind. In fact, it may be one of the only times that the entire family comes together. Some look at this as the ideal time to use the gatherings to deal with family business, including discussing estate planning. But you […]
Read More
How to Finance Your Commercial Real Estate Purchase
If you’re ready to take the important step of making a major commercial real estate purchase, you’ve got to figure out the best way to make it happen. While loans for residential real estate are generally assigned to an individual borrower, a commercial loan is generally placed with a business entity. With transactions of this […]
Read More
Should NY Co-op Boards Give Permission for Reverse Mortgages?
You can always expect the unexpected when it comes to the NY co-op landscape. There are constant changes to the laws, so it’s important for co-op board of directors to be up to date with the evolving environment. A recent significant shift deals with reverse mortgages. Up until recently, reverse mortgages were only available to […]
Read More
Should I Get a Pour Over Will?
If you don’t have a will, the law determines what happens to your assets. This is referred to as “intestacy.” Here, your assets will pass to your heirs according to New York’s intestacy statutes. Sometimes this will be in sync with what you want, but sometimes it won’t. If your assets are subject to intestacy, […]
Read More
What You Need to Know About Estoppel Certificates in Commercial Leases
Estoppel certificates (also known as estoppel letters) are important documents used for due diligence in many real estate activities. Read on to learn how this impacts your New York commercial lease. What is an Estoppel Certificate? An estoppel certificate is a statement, which acknowledges that a commercial lease agreement exists. The tenant’s signature on this […]
Read More