Real Estate Contracts: The Basics Being a party in a New York real estate contract can be a frustrating place to be because of all the complexities of the law that is involved. It can be even more frustrating if the other party doesn’t perform their contractual duties. Typically, when the buyer signs a residential […]
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What You Should Know about Selling a House “As Is” in New York
Usually when you’re selling your home, you make repairs and improvements so that it is in the best condition to fetch the highest price possible. However, when you sell your house “as is,” you forgo those repairs and put your home on the market in its current condition, without negotiations with the buyer for any […]
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Understanding Partition Actions in New York
When people own property as tenants in common, they own it with other co-tenants and any one of them can force a partition (division) and sale of the property. For centuries, partition actions have had unfortunate consequences for many individuals trying to retain property. More recently, real estate investors used this tactic to their advantage […]
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How to Execute a Tax-Free New York Real Estate Exchange
Generally, if you plan to make a real estate sale, you must deal with paying taxes. When the transaction involves investment property, you can be taxed on any profits (capital gains) that you’ve made on the sale. However, if you reinvest the money in a similar property within a certain time period, you can delay […]
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New York Court System
Why Racial Bias in the New York State Court System Matters to You The results of a review of racial bias in the New York State court system were published this month. On June 9, 2020, Chief Judge Janet DiFiore of the Court of Appeals and of the State of New York appointed Jeh Johnson […]
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Ending a New York Business Partnership
Most people don’t enter into a business partnership expecting it to end, but relationships can sour, problems may come to light, or even an unexpected economic downturn due to the COVID-19 pandemic can happen and necessitate dissolution. Though it sounds easy in theory, difficulties can arise if you and your partner failed to address dissolving […]
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The Advantages of Creating a Trust as Part of Your New York Estate Plan
As COVID-19 continues to ravage the nation, it’s more important than ever to create an estate plan if you haven’t or update one that is outdated. Shockingly, just a few years ago close to 72 percent of Americans had either no will or an out-of-date one. Especially in the current climate, it’s important to prepare […]
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Strategies to Create an Estate Plan During Covid-19
The ongoing pandemic has caused many people to start thinking about putting their affairs in order if they did not already have an estate plan in place. There is no better time than now to get your estate plan together and up to date. As people move to finalize documents they may have avoided signing […]
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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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Force Majeure Defenses to a Contract in New York
When negotiating a business contract, smart companies try to include all possible defenses in the contractual language to excuse nonperformance through force majeure clauses. In situations such as the unexpected outbreak of the coronavirus (COVID-19), companies find themselves unable to do business as usual, produce as promised, or deliver on agreed upon deadlines. New York’s […]
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