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Flipping Houses: 3 Tips from a NY Residential Real Estate Lawyer

Thanks to the success of shows on HGTV and other networks, the world of flipping houses has become mainstream. Property owners around Long Island are taking a chance on a fixer-upper, and trying to turn a seemingly lost cause into a big success. However, there are a lot of considerations and concerns that should come…

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Do Buyers Need a Realtor If They Hire a NY Real Property Lawyer?

If you are looking to buy a house on Long Island, there is a good chance you are also looking for assistance with this process. An NY real property lawyer can represent you throughout the process of buying a home, including assistance with your offer, contract, inspection, due diligence, and closing. A residential realtor performs…

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What Happens to NY Real Property When a Relative Dies Without a Will?

Estate planning is an important process for anyone that owns NY real property. It is through appropriate estate documents that ownership of your real estate is passed in accordance with your wishes. Without a will and other estate planning documents, all of your assets, including real estate, are passed in accordance with the probate laws…

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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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