Preparing Practitioners for the Next Disasters
Tuesday, March 10
Introduction In the United States of America, the number of natural disasters has gradually increased. Most of the costliest disasters have resulted from hurricanes and terrorist attacks. Other major casualties have resulted from earthquakes, monsoons, tsunamis, and wildfires. The damage to ...
New Rules for Seeking Buyouts of Rent-Regulated Tenants
Thursday, March 05
Due to recent changes to the New York City Administrative Code and a recent decision in the Appellate Term, First Department, landowners who seek to buy out the rights of tenants in occupancy face a minefield of requirements and restrictions. Done properly, the landowner can recapture the apartme...
Demolition: One of the last ways to deregulate a building
Friday, February 28
By Adam Leitman Bailey and Dov Treiman February 27, 2020 With the passage in June, 2019 of the HSTPA, owners are desperately seeking ways out of rent regulation in an attempt to recapture the profitability their buildings previously had. Two such exit strategies are “substantial rehabilitation,” ...
Improving Rental Buildings’ Profitability Through Demolition
Friday, February 21
Adam Leitman Bailey and Dov Treiman discuss demolition proceedings before the DHCR. By Adam Leitman Bailey and Dov Treiman | February 18, 2020 With the passage in June, 2019 of the Housing Stability and Tenant Protection Act of 2019 (HSTPA), owners are desperately seeking ways out of rent regul...
Drafting a Better and More Effective Right of First Refusal
Tuesday, February 11
By: Adam Leitman Bailey & John M. Desiderio January 1st, 2007 Land transfers date back to biblical times and have been the subject of an inordinate amount of litigation. Of course, the importance and value of land and the necessity for shelter might help to explain many of the disputes. Some,...
Use Six Arguments to Beat NYC Sanitation Violations
Thursday, January 30
One big headache for many owners is getting hit with violations from the city’s Department of Sanitation (DOS). These violations include not keeping the sidewalk in front of your building clean, not sweeping 18 inches into the street, and not properly maintaining garbage receptacles. And now that...