When you buy commercial property in New York City, you also take on the existing tenants. This can be a big problem especially if those tenants do not pay their rent on time or damage the property. These issues can be costly. The failure to manage these tasks timely...
Condominium association common charges are an important component for those who live in a condo building or community. The board of managers oversees the management of shared facilities and sets and collects the monthly common charges from all of the condo owners....
Condominium boards often consist of volunteers who live in the community. They help oversee the management of the property and the enforcement of community rules for the benefit of everyone who owns a condo. Those volunteers often have a challenging process ahead, as...
Neighbors often try to keep a polite overall demeanor to sustain relatively positive relationships with one another. After all, they have to see one another regularly, and the conduct of one neighbor can affect everyone in the neighborhood. Neighbors often maintain an...
The U.S. remodeling market has experienced unprecedented growth, surpassing $600 billion in the post-pandemic era, and remains a remarkable 50% above pre-pandemic levels despite recent signs of slowing down. According to the Harvard Joint Center for Housing Studies'...
One of New Yorkers' biggest challenges is living harmoniously in multi-unit buildings. While any issue with a neighbor can be stressful and complex, the nature of the shared walls, floors, ceilings, and common spaces means that what happens in one residence can...
Residential real estate transactions typically take weeks to complete. They begin with the seller listing the property on the open market. The buyer makes an offer. Both parties negotiate the terms of a purchase agreement. From there, there may need to be inspections...
Condominium bylaws serve as the governing rules that dictate how a condo community operates. These regulations cover everything from board elections and maintenance responsibilities to pet policies and noise restrictions. However, as legal frameworks evolve and...
New York has many rules that regulate tenant's security deposits. First and foremost, the state limits how much residential landlords can require. Typically, a security deposit should not exceed one month's rent. Landlords can request both the last month of rent and a...
As of January 1, 2025, several significant real estate laws have been enacted in New York, aiming to address housing affordability and availability, streamline development processes and change the economic dynamic of the rental market. These changes reflect the...
