A Commercial Landlord’s Possible Safe Haven in NYS — In almost every commercial property setting, the “mindset of categorization” by and between the “Owner” and “Renter” is that of “Landlord” and “Tenant”. The legal instrument used to memorialize their arrangement has customarily always been a “Lease Agreement”. A “Lease” is the conveyance of exclusive “possession” of specific real property……

In New York State, if you are a renter of residential property, in good standing, consistently and timely making your rental payments, yet are being forced to live in deplorable living conditions, rooted in neglect by either act or omission of your landlord, (said condition being through no fault of…

Confusion sets in when it comes to the ownership of a Co-Op Unit... as opposed to a Condominium Unit. When one owns a Condominium Unit, they own a fee simple ownership in “real estate”; to wit, “real property”… whereby a deed of ownership… for real property is designated to said…

“Rent to Own” Transaction/Scenario — a.k.a. “Lease with an Option to Buy” — Superficial Transaction Overview: Issue: Seller/Landlord has experienced: no success in obtaining a potential buyer for Premises; and/or- diminished income, financial hardship, loss of tenants/rent, is “upside down” on his/her mortgage (the value of the mortgage exceeds the value of the Premises), …whereby there has been significant delinquency on mortgage payments…

Think you beat the bank? Think again! — “In the end… they get it all” With the changing times, the “conventional” has materialized into the “non-conventional”. The same holds true for real estate closings… and the underlying fundamentals surrounding some of these real estate transactions. The “Short Sale”… a product of the sub-prime market crash and housing market…