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Are MCI Rent Increases About to Become a Thing of the Past?

Tenants in rent-stabilized housing across Long Island might notice their rents going up lately. Can they do anything about it? This is happening because many landlords are concerned about state Senate efforts to end or limit MCI rent increases, an initiative the Governor is on board with. Why is this happening? Landlords want to get…

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What You Can Do Now to Protect Your Property from Seasonal Changes

Long Island’s vibrant seasons give us warm, stunning summers out in the Hamptons and snowy, festive winters, where you may actually have a white Christmas. Yet, the changing temperatures and inclement weather cause damage and to your Long Island real property. As a residential real estate law firm, our team works with many homeowners looking…

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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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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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