Real Estate
Showing 1 - 6 of 705 results.
Can You Sell a Condo in NYC with Unpaid Common Charges?
Selling a condo in NYC with unpaid common charges generally requires payment from sale proceeds or by the buyer.Before closing, request the manager’s or board’s unpaid-charges statement and compare it with your payment records. A disputed balance and a recorded lien require different steps. The contract’s allocation of charges, the payoff amount, and any necessary discharge documents can affect the closing schedule.
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Long Island Commercial Real Estate Buyers May Face Cleanup Liability
Long Island commercial real estate buyers should assess CERCLA protections, petroleum liability, and site restrictions before closing. Before buying Long Island commercial real estate, compare the environmental report and recorded restrictions with your plans for the site. A seller's cleanup promise may leave you responsible for dealing with an agency while you pursue reimbursement. The purchase agreement and investigation schedule should address those risks before you commit to closing.
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Rent Stabilization NYC Rules Protect Tenants and Guide Owners
Rent stabilization NYC rules limit rent increases and protect lease renewal rights in covered apartments. Not every apartment qualifies, even in an older building. Owners and tenants should check the unit's registration, rent history, and applicable Rent Guidelines Board order before accepting an increase. Renewal notices and rent overcharge disputes may require separate review through DHCR.
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When Are NYC Condo Board Rules on Rentals and Amenities Enforceable?
NYC condo board rules may restrict rentals and amenity access, but some changes require owner approval and a recorded amendment. A new lease-duration limit, guest policy, or gym-access restriction does not necessarily fall within the board's ordinary rulemaking authority. Owners need to distinguish operational rules from changes to established property rights. The governing documents and adoption procedure determine which requirements apply.
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How Do You Correct Conflicting Property Ownership Records in NYC?
Property records in NYC may show conflicting owner names across deeds, tax accounts, and indexes; the correction depends on which record is wrong. A tax bill may still identify a previous owner after a transfer. Compare the property's Borough-Block-Lot (BBL) number with the recorded deed to find the discrepancy. If the executed deed itself identifies a different owner, a billing update cannot resolve the title issue.
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Mechanic'S Lien New York City Rules Affect Property Owners' Rights
A mechanic's lien in New York City can affect property transactions; owners should check the filing, claimed work, and available discharge options. A contractor's unpaid invoice does not by itself establish that every property interest is subject to a valid lien. Review the notice of lien, construction agreement, owner's consent, and filing date before responding. Discharging a lien from the property may leave the underlying payment dispute unresolved.
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