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Features

NY Court Rewrites Rules On Liquidated Damages In Surrender Agreements Image

NY Court Rewrites Rules On Liquidated Damages In Surrender Agreements

Adam Leitman Bailey & Dov Treiman

In a recent decision, the NY Court of Appeals handed down a decision with a new interpretation of the law of liquidated damages with regard to surrender agreements. Trustees of Columbia v. D'Agostino rewrites the rules of when a tenant simply gives up on the space.

Features

Drawing the Line Between Real Property and Personal Property In the UCC Image

Drawing the Line Between Real Property and Personal Property In the UCC

Barbara M. Goodstein

The back-and-forth is certainly confusing, but what is clear is that it can be unclear exactly where the line between real property and personal property should be drawn.

Features

Law Firms Looking to Retail Space and Other Office Alternatives Post-Pandemic Image

Law Firms Looking to Retail Space and Other Office Alternatives Post-Pandemic

Brenda Sapino Jeffreys

The prospect of using retail space for law offices is the latest adaptation, in addition to innovations such as hoteling and other forms of shared workspace, that may define law firm offices in the future as the COVID-19 pandemic makes a permanent mark on how firms configure and run their offices.

Features

Open Space Accessibility and the Conundrum of High Stakes Zoning Disputes Image

Open Space Accessibility and the Conundrum of High Stakes Zoning Disputes

By Philip E. Karmel, James P. Colgate & Judith M. Gallent

The New York Court of Appeals' recent decision in Peyton v. BSA held, in the context of a zoning lot containing several residential buildings, that the Zoning Resolution of the City of New York does not require an area to be accessible to all residents of the zoning lot for the area to qualify as "open space."

Columns & Departments

Real Property Law Image

Real Property Law

Stewart Sterk

Neighbors Lack Sufficient Interest to Intervene In Modification of Restriction on Land Held for Charitable Purposes Absence of Property Description Did Not Preclude Equitable Mortgage City Entitled to Cancel Contract With Delinquent Former Owner When Owner Failed to Appear At Closing Statute of Limitations Does Not Bar Continuing Nuisance Claim Against Drilling Contractor

Columns & Departments

Landlord & Tenant Law Image

Landlord & Tenant Law

Stewart Sterk

Guaranty Did Not Extend Past Lease Term Holdover Rent Award Reduced Tenant Is Entitled to Yellowstone Injunction Despite Failure to Attempt to Cure

Columns & Departments

Co-ops and Condominiums Image

Co-ops and Condominiums

Stewart Sterk

Shareholder's Failure to Seek Relief During Cure Period Bars Preliminary Injunction Non-Purchasing Senior Citizens Not Protected Against Eviction Upon Conversion Occupant of Rent Stabilized Co-Op Unit Entitled to Succession Rights

Features

Open Space and the Conundrum of High Stakes Zoning Disputes Image

Open Space and the Conundrum of High Stakes Zoning Disputes

Philip E. Karmel, James P. Colgate & Judith M. Gallent

The New York Court of Appeals' recent decision in Peyton v. BSA held, in the context of a zoning lot containing several residential buildings, that the Zoning Resolution of the City of New York does not require an area to be accessible to all residents of the zoning lot for the area to qualify as "open space."

Features

NY Court of Appeals Rules on Damages Clauses In Commercial Leases Image

NY Court of Appeals Rules on Damages Clauses In Commercial Leases

Linton Mann III & William T. Russell Jr.

In The Trustees of Columbia University in the City of New York v. D'Agostino Supermarkets, the NY Court of Appeals split on the issue of whether the relevant damages clause in a commercial lease was unenforceable as a matter of law because it was so grossly disproportionate to the ascertainable amount due upon full performance.

Features

The Small Business Reorganization Act: How It Started. How it's Going. Where to Next? Image

The Small Business Reorganization Act: How It Started. How it's Going. Where to Next?

Jack O'Connor

This article provides a brief overview of the SBRA and these first several months of its use — especially in light of the COVID-19 pandemic — concluding that in 2021, Congress should permanently adopt the CARES Act's expanded definition of a "small business debtor" as including businesses with up to $7.5 million in aggregate non-contingent liquidated debts.

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