Buying or selling a business in New York can be very profitable for everyone involved – if you take the steps to maximize sale benefits and reduce risk of loss or liability. There are many steps to take that evaluate and address all parts of the transaction and omitting or mishandling any one of them […]
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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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Questions to Ask When Negotiating Business Contracts in New York
Contracts are the cornerstone of doing business in New York. Entering one means you and the other party agree to fulfill certain obligations to each other. Though some contracts may be created informally through a handshake or orally, they are ideally well-negotiated written documents that clearly define each party’s responsibilities. Whether you’re negotiating, reviewing, or […]
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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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What Disclosures Must the Seller of Property in New York Make?
Selling property in New York is a complex, multi-step process between buyer and seller. Real estate laws have given both parties legal responsibilities during the transaction and failure to comply with mandatory procedures and disclosures can result in costly legal penalties. One major responsibility of the seller is complying with mandatory disclosures New York sellers […]
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What are The Benefits of Establishing a Living Trust in New York?
When planning your estate there is a choice to be made between writing a will and creating a trust. While a will transfers assets to heirs at death, trusts operate differently. The grantor typically appoints themselves the trustee and retains control of the trust during the remainder of their life. Though living trusts have become […]
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Can I Sue for a Breach of Contract by a New York Real Estate Buyer?
If you are selling property in New York, you may wonder what options you have if a buyer breaches the real estate contract with you. A breach means the buyer does not fulfill their obligations after they have made an offer on the property and you have accepted it, which created a contract. These cases […]
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How Should a Retail Store Enter a Lease with a New York Condominium?
In recent years, cities like New York have been at the center of a growing trend where stores enter leases with residential and office condominiums to operate on the ground floor of their buildings and cater to both tenants and the public alike. However, when entering these agreements, careful attention must be paid to the […]
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What Happens If You Die Without a Will in New York?
When someone in New York dies without creating a will, protocols and laws exist that dictate what happens to their assets. Under the doctrine of intestate succession, a decedent’s assets that would have ordinarily passed through a will are then given to their closest living relatives. Scope of Assets Affected by Intestate Succession Usually, intestate […]
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