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A Guide to Rent Escalation Clauses in a Long Island Lease

Today, the majority of commercial lease agreements in Long Island will contain a rent escalation clause. This standard section of the lease delineates the terms for how and when rent increases throughout the lease term. There are several ways to structure a rent escalation clause, and the exact terms can become a major point of…

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Things to Consider Before Buying a Landmarked Building on Long Island

If you always dreamed of renovating a historic building or home in Long Island, you probably had visions of preserving old floors and peeling back wallpaper. You may have pictured crown molding and original details. However, you probably didn’t envision or picture the legal obligations and building code requirements you’d need to follow during the…

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6 Things the Inspector Should Check in a Long Island Home Inspection

Most residential real estate contracts give the buyer an opportunity to perform inspections on the property. These home inspections are a way to evaluate the condition and value of Long Island property, and a buyer shouldn’t overlook or underestimate their importance. Typically, a buyer will hire a professional home inspector to handle the actual review…

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Food for Thought: 5 Unique Considerations of a Restaurant Lease

Restaurants represent a substantial number of the commercial leases signed in Long Island each year. Actually, between bars, restaurants, cafes, and coffee houses, restaurant leases are one of the growing sectors in commercial leasing throughout Long Island, New York City, and surrounding counties. Yet, these leases are unique in form and substance from those signed…

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What Does It Cost to Hire a Long Island Residential Real Estate Lawyer?

When it comes to commercial property, buyers and sellers are nearly certain to hire a Long Island real estate lawyer to handle the transaction. Without a real property lawyer, parties to a commercial transaction risk significant financial and business consequences. Savvy commercial parties know that inaccurate documents, bad negotiations, lacking due diligence, and issues at…

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How Do Zoning Changes Impact Your Long Island Property?

Cities, towns, and counties have employed zoning laws for over 100 years. In fact, the first citywide zoning structure and resolution was implemented in New York City back in 1916. At this time, zoning laws were the necessary solution to a problem experienced by nearly every U.S. city. Commercial uses, such as warehouses, industrial plants,…

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How Can You Co-Own a Property in New York?

There are many reasons to purchase property in New York with a co-owner. When it comes to residential property, the most common motive for joint ownership is marriage, but this is hardly the only time joint or co-ownership is desired. Friends, family members, and investment partners have all decided to own Long Island property under…

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