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The Safe Hotels Act: NYC’s New Hotel Licensing Requirement

At the end of July, New York City Council Member Julie Menin introduced new legislation that sent New York City hotel owners, operators and trade associations into a tizzy. The bill, known as the Safe Hotels Act, not only...more

Leveling The Playing Field For Hospitality Franchisees In New Jersey

Just prior to Memorial Day, the New Jersey Assembly passed legislation intending to bring more balance between hotel franchisors and franchisees. As a supplement to the New Jersey Franchise Practices Act, the new legislation...more

Successor Hotel Owners and Operators Beware: New Jersey Enacts Job Protections for Predecessor Hotel Employees and Notice...

The new year has brought with it new legislation in New Jersey that warrants close scrutiny by hotel owners and operators alike. Introduced as Bill A-6246, which was signed by Governor Phil Murphy on January 18, 2022, upon a...more

Remote Notarization Takes Effect In New Jersey

A new law was recently signed by Governor Phil Murphy permitting “notarial acts” to be done remotely in New Jersey using “communication technology” during the ongoing State of Emergency in New Jersey as declared by the...more

IRS Extends Key Tax Deadlines For 1031 Tax Deferred Exchanges And Investments In Qualified Opportunity Funds

On April 9, 2020, the IRS extended certain additional key tax deadlines affecting payments from both individuals and businesses due to the impact of the COVID-19 pandemic. Notice 2020-23 expanded upon prior IRS guidance that...more

New Requirement To Post NYC DOB Violations In Residential Buildings

Thanks to Local Law 110, which took effect at the beginning of December 2019, if you are the owner of a residential building within the five boroughs of New York City, you are now required to post or distribute a copy of all...more

“Reverse” Like-Kind Exchanges Not Subject to NYS Real Estate Transfer Tax

In an Advisory Opinion issued near the end of 2016, the New York State Department of Taxation and Finance has determined that the transfer of real property in New York State from an “exchange accommodation titleholder” to a...more

Carbon Monoxide Detectors Now Required in Commercial Buildings in New York

An amendment to the Executive Law of New York State modifying the Uniform Fire Prevention and Building Code became effective on June 27, 2015, which now requires owners of existing commercial buildings to install carbon...more

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