Whether New York City business owners are beginning a new enterprise or entering a new phase in development, they will usually choose to rent property, as it is less costly and requires less capital than a real estate purchase. With plenty of available lease space in...
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Real Estate Law
New York mechanic’s lien process
A mechanic’s lien sounds like it might involve an auto repairman waiting for his customer to come to the shop to pay him for a recently repaired vehicle. This New York law actually addresses how licensed contractors and suppliers can file a lien when they haven’t been...
Unpaid rent allegations spark real estate lawsuit against company
In New York and across the nation, business and personal finances have been severely hampered by the ongoing health crisis. Unpaid rent on commercial property is a prevalent problem and owners are increasingly taking their cases to court to try and get what they are...
Dispute between partners over building sparks business lawsuit
Dealing with real estate issues in New York is complicated at any time, but when outside factors are weighing it down, it can lead to a unique set of challenges that could escalate into a full-blown dispute that needs legal intervention. With the current health...
Why zoning variances are important for businesses
A key decision for many New York businesses is their location. The right location can lead to more foot traffic and increased sales. When a business completes a market analysis of a specific location and learns that it would be an ideal spot for its operations, it...
An overview of real estate lease options
There are many different types of rental agreements that commercial tenants and landlords in New York may agree to. For instance, an accountant or attorney may decide that a gross lease best meets his or her needs. A landlord is typically responsible for paying...
Buying a home: Common problems that lead to litigation
There’s little more exciting than buying a home. Despite all the stress, you’re looking forward to the day when you close on the property, move in and enjoy your home with your loved ones. No matter how much you prepare for everything the process will throw at you,...
How to react to changing economic conditions
Those who own commercial real estate in the New York metro area may be concerned about recent events that may eventually lead to a recession. However, there are things that property owners can do to mitigate some or all of the damage that a recession might cause....
Tips for businesses seeking a commercial lease
Business owners in New York may want to move to a new location or take the leap to a physical space. However, if they have not rented commercial property in the past, they may need more information about how to secure a location. A commercial lease is often far longer...
Language typically found in commercial leases
Those who are looking to lease commercial space in New York or anywhere else will likely need to sign a written agreement. Generally speaking, landlords are willing to negotiate the exact terms of that pact with their tenants. However, there are many words or phrases...