Legal Effects of COVID-19 on NYC Commercial Leases
Even after the substantial effect that COVID-19 had on the economy, governments have not publicly changed their stance on how to handle such situations.
Legal Updates from NYC’s Real Estate Landscape: Rent Stabilization Infringement & Gender Diversity
More equitable and gender neutral language for the real estate profession and rent stabilization infringements made top legal news in recent weeks
The Effect of Recent New York State Legislative Changes on Brokers
How are brokers impacted by the latest legislative changes targeting real estate professionals’ standard operating procedures?
How Will New York City Be Affected By The 2019 Climate Mobilization Act?
Setting annual emission standards by building square footage, Local Law 97 requires owners reduce energy usage with energy efficient upgrades.
Potential Risks for Buyers in Hypercompetitive Residential Bidding Wars
In today’s hypercompetitive real estate market, bidding wars are common. Here are a few ways to handle competing buyers and multiple offers.
Cryptocurrency & Its Effect on New York City’s Co-op & Condominium Markets
What is cryptocurrency and what are the advantages and disadvantages of buying a New York City luxury co-op or condo with cryptocurrency?
Buyers, Sellers & Disclosure in a Post-Pandemic Real Estate Environment
Sellers are only required to disclose defects that they know of or should have known of at the time of closing. So where does that leave buyers?
What You Need to Know About Recent Changes to Co-Ops & Reverse Mortgages in New York
With Assembly Bill 1508 allowing for reverse mortgages for co-op apartments, what changes will this bring when it goes into effect in May 2022?
What Home Buyers & Sellers Need to Know in 2022
Home prices to increase at a slower pace than they did in 2021, but previous years’ ultra-low mortgage rates forecasted to rise.
Encroachments: What They Are & What You Can Do About Them
Neighboring property disputes can sometimes be contentious. Here’s a helpful quick guide on the safest ways to address them.
Changes to the Liability Provisions of the New York Real Estate Transfer Tax
The 2022 fiscal budget bill brings two notable changes to the liability provisions of New York State real estate transfer tax requirements.
Co-op Boards May Have to Explain Rejections Per New Proposed Bill
New legislation set to increase transparency in co-op board decision making.
The Key Document: Title Reports
The title search is arguably one of the most important aspects of a real estate transaction. But what does it mean to have a clear title?
The New Market Tax Credit Program – History & 2021 Revival
The latest relief bill includes several provisions to revitalize the real estate industry, among them tax incentive programs like the NMTC.
What The “Consolidated Appropriations Act – 2021” (CAA) Has In Store For Landlords & Tenants
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. At the end of…
A Look Back at 2020: Major Real Estate Law Updates in NYC
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. As 2020 comes to…
Subleasing Commercial Properties in New York
What are the benefits and potential legal issues that may arise in commercial subleasing, for both NYC sublessors and sublessees?
Proposed Tax Law Amendment in California Could Greatly Affect Commercial & Industrial Properties
California’s Prop.15 seeks to tax commercial and industrial properties by their current market value, instead of the original purchase price.
NYC’s Personal Guaranty Suspension Expiring This September
With the local law suspending personal liability under a commercial tenant’s guaranty set to expire in days, what’s next for small business owners?
How Hotels Are Keeping Up With COVID-19
With occupancy, rates, tourism and business travel at an all-time low, hotels that survived months-long lockdowns face even more obstacles.
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