Real Estate Law 103: Federal Investment Risk Review Modernization Act
A federal appeals court in Tallahassee ruled that a Florida law preventing individuals from China from owning property in the state is likely overridden by federal law. The court blocked enforcement against two plaintiffs engaged in real estate transactions, stating that the plaintiffs demonstrated a strong chance of success in their claim that the Florida […]
How New York City’s Local Law 97 Effects Real Estate
New York City is poised to take a decisive step in environmental stewardship by introducing penalties for owners of buildings emitting excessive greenhouse gases. This move is part of a broader initiative aiming to achieve net-zero building emissions by 2050. Notably, this echoes a national trend, with four states and nine cities embracing similar “building […]
NY Real Estate Laws: Protection For Deed Theft
Real Estate Article Governor Kathy Hochul took a significant step in protecting New York residents from the increasingly prevalent crime of deed theft, a deceitful practice where property owners are tricked into relinquishing the titles to their homes. The signed legislation, identified as S.6577/A.6656, is a comprehensive effort to strengthen existing measures and introduce new […]
Effective 1/2024: Ensure Compliance With New Corporate Transparency Act
Come January 1, 2024, the Corporate Transparency Act (CTA) will come into force, aiming to combat money laundering by mandating most companies and their beneficial owners to register with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). Under the CTA, FinCEN is tasked with creating and maintaining a federal database for “beneficial ownership […]
Real Estate Board of New York (REBNY) Redefines Local Laws
The Real Estate Board of New York (REBNY) is making new rules for how real estate agents get paid, and this is causing issues in the real estate industry all over the country. The new rule says that the agents who help people buy houses will no longer be paid by the agents who sell […]
Coronavirus Hits The New York Retail Real Estate Market
No cap, the coronavirus pandemic has eaten deep into the root of the world’s economy. The New York retail real estate market is no exception. This doesn’t come as a surprise. With the majority of New Yorkers staying indoors due to the nationwide lock down, the general economy has taken an ugly blow resulting in various sectors […]
Commercial Real Estate Law Banner 5 REASONS TO HIRE A COMMERCIAL REAL ESTATE LEASE LAWYER
You’ve found the perfect commercial property and are happy with the rent, but don’t ever sign anything until you’ve had a lawyer look at the document! It’s tempting to skip that step to fast-track the process, but a commercial real estate lease lawyer can save you a lot of stress, money and legal headaches. Here […]
Real Estate Breach Of Contracts Law: Returning A Down Payment
Of Real Estate Contracts and Return of the Down Payments: What You Need To Understand Beforehand The steep rise in the value of commercial and residential real estate properties in the recent past has led to a concomitant upsurge in cases involving down payments. Litigation arises typically when the previously smooth and amicable transaction turns […]
Real Estate Law 102: Commercial Leases
In order to operate a store or business we must first have a location. Walking through any shopping center we see dozens of stores that are renting this location. Sometimes we see them come and go, replacing one another. The commercial leasing market is a massive market, and each lease is something in and of […]
What Does A Real Estate Lawyer in NYC Do For You?
Some people are the types who want to take care of everything by themselves. “If you want a job done right, better do it yourself!” – is usually only valid if you specialize in that job. When it comes to handling real estate, it’s best to leave it to the professionals. You may wonder what […]
