For most people purchasing a home is very exciting. However, if a buyer is not adequately prepared it can become frustrating fast. Many people have bad experiences purchasing homes because they make common mistakes that can be…more
Due to the current economic crisis, many Americans are finding it difficult to pay their mortgages leading to a significant rise in the number of foreclosures. Between February 13, 2010 and May 31, 2010, lenders issued…more
A property’s real estate taxes are based on the property’s assessment. The property’s assessment is set by the assessor in the local municipality where the property is located and is supposed to be based on the property’s fair…more
A deed is a document that transfers ownership of real estate. It serves as written proof of ownership of your home or building. For a deed transaction to have legal effect it generally must comply with certain legal…more
Due to the current economic crisis, many Americans are finding it difficult to pay their mortgages leading to a significant rise in the number of foreclosures. Between February 13, 2010 and May 31, 2010, lenders issued…more
A holdover proceeding is a proceeding to evict a tenant on any grounds other than the nonpayment of rent. A landlord generally initiates a holdover proceeding when a tenant stays past the expiration of the lease without the…more
New York enacted laws regulating rent to deal with rent increases that were believed to be “speculative, unwarranted and abnormal.” These laws are the Rent Stabilization Code in New York City and the Emergency Tenant Protection…more
An Operating Agreement is an agreement among limited liability company (“LLC”) members that governs the LLC’s business, the members’ financial and managerial rights, as well as their duties. An Operating Agreement is similar in…more
As you may know, the Rent Stabilization Code (“RSC”) applies to most buildings of six or more units in New York City which were built prior to 1974. If RSC applies, the State of New York Division of Housing and Community…more
As you may know, the Rent Stabilization Code (“RSC”) applies to most buildings of six or more units in New York City which were built prior to 1974. If RSC applies, the State of New York Division of Housing and Community Renewal…more
Learn how to be in compliance with the new Amanda's Law which regulates carbon monoxide detector usage…more
In rent stabilized buildings, landlords may not charge rents above those permitted under guidelines established annually by local Rent Guidelines Boards. If a landlord does not obey the rent laws, tenants may file a complaint…more
Buying a home or commercial property is undoubtedly one of the largest investments one can make. Thus, it is imperative that a buyer do his/her due diligence at the beginning of the transaction and usually before signing…more
Buying a home or commercial property is undoubtedly one of the largest investments one can make. Thus, it is imperative that a buyer do his/her due diligence at the beginning of the transaction and usually before signing…more
Did you file your City of Yonkers 2009 Income and Expense Form by June 1, 2009 (September 1, 2009 for New York City)? If not, in the case of Yonkers, you probably received a letter from the Assessment Department of…more
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