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Features
Good Guy Guarantees are designed to ensure that defaulting commercial tenants leave the premises promptly, avoiding loss of rental income to landlords. However, in <i>Bri Jen Realty Corp. v. Altman</i>, the Second Department construed a Good Guy Guarantee to hold a guarantor liable for rent for 11 months after tenant surrendered the premises.
Columns & Departments
Discussion of two recent cases.
Columns & Departments
Cases involving an air stripped in a park, and failure to maintain a landmarked building.
Columns & Departments
Several key rulings are discussed.
Columns & Departments
In-depth analysis of the latest important rulings.
Features
Tax foreclosures implicate not only the interest of the delinquent fee owner, but also the interest of the holder of a mortgage on the fee interest. What happens when the mortgagee does not know about the tax delinquency, the tax foreclosure, or the expiration of the right to redeem the property?
Features
<b><i>How to Handle the Right of First Refusal of a Single Parcel in a Multiple-Parcel Package Deal</b></i><p>It is best for all parties to avoid litigation by clearly addressing the possibility of a transfer of more than just the property that is the subject of the right when that property is part of a larger parcel, or could be part of a package deal.
Columns & Departments
Why the holder of a prior mortgage was not entitled to surplus funds.
Columns & Departments
In-depth analysis of four pivotal rulings, including one in which a landlord whohad received a tax abatement was not eligible for luxury deregulation.