City Council’s relief for Covid afflicted guarantors
On May 27, 2020, the New York City Council enacted Int. 1932/2020 into law, an ordinance that is “in relation to personal liability provisions of
Tag : Adam Leitman Bailey
Expert calls newest COVID law a political stunt
Legal experts are warning that a new law aimed at protecting small businesses battered by the coronavirus is “unenforceable” and no more than a political
Landmines borrowers and lenders need to avoid when negotiating abatement and deferrals
By Thomas Furst, partner, Adam Leitman Bailey PC In the midst of the current economic deep distress, there are, and will continue to be, countless
Demolition one of last ways to deregulate a building
By Adam Leitman Bailey & Dov Treiman With the passage in June, 2019 of the HSTPA, owners are desperately seeking ways out of rent regulation
How long can rental markets survive government meddling?
Rent-regulated buildings in NYC aren’t built with seniors’ safety or comfort in mind, despite the fact that countless older adults rely on them for shelter.
Steam blast has building owners in a stew
The steam pipe explosion that blew a crater into the middle of Fifth Avenue in the Flatiron District and spewed asbestos onto nearby buildings, cars
Cuomo accused of corruption in affordable housing suit
A group of West Village Houses tenants have accused Gov. Andrew Cuomo of participating in a pay-to-play deal that helped fund his political ambitions. According
OPINION: Recent efforts to speed up foreclosure proceedings in N.Y.
By Adam Leitman Bailey As a result of governmental intervention, New York boasts one of the longest foreclosure timelines in the country, taking an average
OPINION: The rules for allowing pets in ‘no-pet’ buildings
By Adam Leitman Bailey and John M. Desiderio When determining whether an owner’s pet qualifies for admittance in a “no-pet” building, cooperatives and condominiums must
Brokerages aim to make things more black and white
New York City residential real estate is getting more and more transparent for buyers. Broker disclosure and apartment square footage have been confusing and controversial