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Columns & Departments

Co-ops and Condominiums Image

Co-ops and Condominiums

NYRE Staff

Statements By Condo Board Members Cloaked In Common Interest Privilege Shareholder Entitled to Maintenance Abatement for Breach of Warranty of Habitability

Columns & Departments

Real Property Law Image

Real Property Law

NYRE Staff

Deference to Trial Court's Determination on Mortgage Priority No Broker Commission for Sale After Expiration of Tail Period Co-Owner Who Did Not Execute Mortgage Not Subject to Equitable Lien By Mortgagee Insufficient Evidence of Delay to Support Laches Defense Against Claim to Set Aside Deed As a Forgery Statements Did Not Defeat Hostility In Adverse Possession Claim

Features

Applying 'Part Performance' In Practice Image

Applying 'Part Performance' In Practice

Adam Leitman Bailey & John M. Desiderio

The doctrine of part performance can overcome the strictures of the Statute of Frauds when parties enter into unwritten business deals, or into written business deals with unwritten ancillary terms and they do not contemplate all of the possible circumstances that might arise in the course of their dealings.

Features

Do COVID-19 Shutdown Orders Excuse Lease Guarantors? Image

Do COVID-19 Shutdown Orders Excuse Lease Guarantors?

Stewart E. Sterk

Section 22-1005 of the New York City Administrative Code provides relief for individuals who guaranteed commercial leases when the tenant defaulted as a result of government orders issued during the early days of the COVID-19 pandemic. In recent months, however, litigation has emerged about the scope of that relief.

Features

Law Firms Increasingly Opting for Relocations Rather than Renewals Image

Law Firms Increasingly Opting for Relocations Rather than Renewals

Jessie Yount

Law firms are increasingly opting for relocations rather than renewals, as firms look to sell talent on their unique identity and flexible approach to work.

Features

Long Term Demand Should Shield Commercial Real Estate from Inflation Impact Image

Long Term Demand Should Shield Commercial Real Estate from Inflation Impact

Lynn Pollack

The U.S. economy is "still strong" and will support commercial real estate space demand, though inflation will remain a multi-year headwind, forcing the Fed to tighten monetary policy. And though rising interest rates may restrain CRE transaction activity, it won't be on a broad basis, with effects most visible in the property types and markets with the most aggressive pricing run-up over the last few years.

Features

Commercial Assets Feel Pinch of Climbing Interest Rates and Inflation Image

Commercial Assets Feel Pinch of Climbing Interest Rates and Inflation

Erik Sherman

Inflation revs up the acceleration engine and, as a response, the Fed makes the biggest single hike in interest rates in four decades, with the promise of more to come. The changes in monetary policy are causing rising issues for capital markets and financing for commercial real estate.

Features

Supreme Court Again Addresses Municipal Sign Regulations Image

Supreme Court Again Addresses Municipal Sign Regulations

Steven M. Silverberg

In 2015, the U.S. Supreme Court applied strict scrutiny to a sign regulation as it related to directional signs placed by a local congregation that held services at different locations each week. In April 2022, the Court took another look at the issue of strict scrutiny relating to "off-premises" signs in City of Austin, Texas v. Reagan National Advertising.

Columns & Departments

Landlord & Tenant Law Image

Landlord & Tenant Law

NYRE Staff

Habitability and Harassment Claims Survive Motion to Dismiss COVID-19 Does Not Trigger Frustration of Purpose or Impossibility Defenses Tenant Entitled to Actual Damages for Landlord Breach, But Not to Suspension Payment Renovations Qualified Apartment for High-Rent Vacancy Decontrol COVID-19 Does Not Excuse Failure to Pay Rent

Columns & Departments

Co-ops and Condominiums Image

Co-ops and Condominiums

NYRE Staff

Unit Owner Not In Possession Cannot Prevail on Wrongful Ejectment Claim

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