As New York and the rest of the country have begun slowly emerging from stay at home orders in place to protect against the Coronavirus, real estate professionals are looking towards updating the way they conduct elements of residential real estate sales transactions. The Real Estate Board of New York (REBNY) has issued recommendations for […]
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What Does New York’s Extended Eviction Ban Mean for Tenants?
As the coronavirus pandemic drags on across the country, initial orders issued by New York and other states inch closer to expiration – including moratoriums on evictions of tenants unable to pay their rent. To alleviate concerns of renters and lessees in New York, Governor Andrew Cuomo recently announced he was extending his March 20 […]
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Can I Break My Lease in New York Over Coronavirus Concerns?
Due to concerns over the coronavirus pandemic and mounting financial difficulties in places where rent is high but unemployment is rampant, many renters in New York City and other densely populated cities are wondering if they can break their lease and move to more remote areas or move in with family. Some landlords are accommodating […]
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Do New York Tenants Have Special Rights During the Coronavirus Pandemic?
With the current state of the Covid-19 pandemic in New York, many people with landlords or mortgages face reduced hours, unemployment, and financial uncertainty. To mitigate the fear of losing your home as a tenant from of abiding by the current shelter at home guidelines, New York has issued orders changing the usual laws related […]
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How Do Landlords Properly Notify Tenants They Are Being Evicted in New York City?
Everyone knows New York City is a town predominantly filled with residents who rent or lease the place they live. However, not everyone knows what happens when a landlord decides they’re ready to be rid of a problematic tenant. Recent high-profile cases of refusal to pay rent in the city put a spotlight on the […]
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What Do Real Estate Buyers in New York City Need to Know About Commission Rebates?
Buying property in New York City requires a lot of work – saving, searching, finding the right broker, and finally taking the plunge and purchasing real estate. This may seem like a dream come true, but in some cases the dream can get even better. Real estate brokers can enter a deal with the purchasers […]
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Lady Gaga’s Father Refusing to Pay the MTA Rent on His Grand Central Terminal Restaurant
In a lease- and rental-centric area like New York City, the importance of the landlord-tenant relationship can’t be overstated. The relationship establishes the rights, obligations, and details for parties involved in renting or leasing property; it should theoretically help avoid tenant lawsuits, eviction actions, and other legal suits. However, conflicts and questions arise when tenants […]
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What Rights Do Buyers Have Against Builders for New Home Construction Defects in New York?
Buyers often assume newly build homes, condos, and apartments should be perfect, but even new builds can have defects – design, materials, carpentry, appliance installation and even construction itself can be faulty. If this happens after you move in, buyers often wonder what rights they have in New York to have the problems fixed and […]
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What Are Common Questions When Buying a New York City Co-Op?
In New York City, nearly every apartment is a co-op which are subject to many more rules than traditional apartment buildings. Due to these additional rules, it’s no wonder buyers in the market for a co-op have more questions than the average purchaser. Though everyone is different, some questions consistently arise when purchasing a co-op […]
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What if Someone Is Encroaching on My Property in New York?
New York City is a metropolis constantly under construction. New buildings are erected, and structures are renovated and remodeled every day. The flurry of activity means the city is also hotbed of disputes between landowners. A common source of disputes between real estate owners comes up when a new structure encroaches onto adjoining property owned […]
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