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 […]

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 […]

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 […]

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 […]

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 […]

If you’re involved in a home purchase, then you might find yourself coming across with a “time is of the essence” provision. You might have heard of this term before but weren’t sure what to make of it. What exactly, is time of the essence and why is it important in your New York real […]

Homeowners’ associations (HOAs) in New York and elsewhere exist to maintain home values, make amenities available that enhance the living situation and must establish policies that apply to all of the properties in the association. When a homeowner doesn’t follow this, the Board should act. Read on to learn about helpful tips to enforce HOA […]

When you purchase or sell a home or other real estate, you will typically make an offer that may have some contingencies. A contingency is a condition that the parties may put into their real estate contract. Their presence is a way to protect the investment and to get out of the situation, depending on […]

When your loved one dies, the probate process might be a necessary avenue to manage and distribute their estate. Even if you don’t know much about probate, you’ve probably heard that it’s something to avoid if possible and that the time to take to complete it is something people often worry about. Typically, most estates […]