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5 Overlooked Clauses of a NY Residential Lease

When people move to Long Island or surrounding areas, there is a good chance that their first “home” will be a rental property. In fact, there is such high demand for rental property in Long Island, that the current vacancy rate is only 4%. What this means is a lot of people are viewing properties,…

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8 Title Defects that Could Delay Your Closing

There are few commercial real estate transactions that are finalized without the purchase of title insurance. In exchange for the premium payment, a title company insures the buyer’s title to the property. Typically, the insurance amount is up to the purchase price of the property. The reason most commercial purchasers, and a number of residential…

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Give & Take: The Basics of Real Property Easements in Long Island

Dealing with easements, right of ways, restrictive covenants, and other land use issues can be old hat for commercial developers in Long Island. However, residential property purchasers and first time real estate investors are often surprised by these permissions and restrictions. Many times, a buyer isn’t even aware of an easement until the property is…

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The Right Way to Handle a Commercial Tenant Eviction

Commercial landlords understandably struggle with the process of tenant eviction. Often, simply mentioning a lapse in rental payment or other contractual obligation feels confrontational. Evicting a commercial tenant can be even more difficult and unpleasant. It is not uncommon for landlords to receive pushback, frustration, and even anger from commercial tenants that face eviction. However,…

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How Do NY’s Short-Term Rental Laws Affect Your Summer Airbnb?

Summer brings a significant number of tourists to New York City and its boroughs. More visitors are finding their way to areas such as Brooklyn, Long Island, Williamsburg, Rutherford, and Yonkers thanks to the popular rental website Airbnb. However, this is the first summer New Yorkers are renting their real estate under the state’s ban…

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