The New York City Council recently passed significant legislation known as Intro 360, or the Fairness in Apartment Rentals Expenses Act. This bill, passed in a veto-proof 42-8 vote, introduces a notable change in the real estate market by shifting the responsibility...
The city's residential real estate marketplace has been volatile in recent years for various reasons. Of course, 2023's teetering economy and rising interest rates on loans meant that loans were prohibitively expensive. It meant that buyers paid a premium if they...
One of most common problems any landlord will face involves nonpayment of rent by their tenants. There is substantial overhead and risk involved in leasing commercial property in New York City. When a lessee is not paying rent, you could have serious problems on your...
In an earlier article, “Can a Child Occupy a Co-op Apartment if the Parent Shareholder is Not in Residence?,” we discussed TWW’s win in Queens County Housing Court in Northridge Cooperative Section III, Inc. v. Bonilla. The question presented there was whether it is a...
While the COVID-19 pandemic has caused numerous problems in all financial sectors throughout the world, New York City has been hit uniquely hard. Financially, perhaps no groups have been more affected by the pandemic than commercial landlords and tenants. The...
TWW recently prevailed in a proceeding seeking access to a neighboring property of its co-op client’s. Under RPAPL §881, a property owner may seek a court order granting access to a neighboring property where it is necessary for construction work or repairs to its own...
Two weeks, Hurricane Ida ripped through our country with tremendous force. Hurricane Ida was a serious, deadly storm that killed and displaced many in its path. In fact, by the time the storm reached us, Ida was still taking lives in the Northeast, days after it hit...
As expected, the nonpayment commercial lease lawsuits stemming from New York’s COVID-related commercial shutdowns are starting to pour in and will further increase once the eviction moratoriums end in January 2022. Businesses which have been facing tremendous...
“I’m sick to death of cleverness. Everybody is clever nowadays.” Oscar Wilde wrote for his protagonist Jack Worthing in “The Important of Being Earnest”. It’s as true today, as it was in 1895. And just as it did for the characters of Wilde’s play, this practice can...
When someone rents an apartment, condo or house in NYC, the landlord will typically ask for a security deposit. The tenant will pay this money at the start of the lease. The security deposit helps protect the landlord if the tenant damages the rental unit or fails to...
