The location of a retail business impacts its success. Two essential aspects are foot traffic and visibility. Whether you're a new business owner or manage multiple New York locations, the next step is negotiating a lease agreement. What are the differences between...
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Notable tax benefits available to landlords
Some New York residents find that owning rental property is rewarding. Although the role of the landlord carries much responsibility, there are also certain benefits. Among them are these federal income tax breaks. Operating expenses In a landlord/tenant situation,...
Tips on how to deal with an anticipatory breach
When it comes to business and commercial law in New York, several legal issues must be addressed. One of these is an anticipatory breach, which can arise when one party to a contract believes the other has declared their intention not to perform its obligations. In...
Things to consider before buying a condominium
Many New York residents purchase condominiums because they provide an affordable path to home ownership. People who buy condominiums own the units they live in and pay a monthly homeowners association fee to cover the costs of maintaining and improving common areas...
Determining reasonable charges for tenant damages
One of the challenges New York landlords and property managers face is assessing and determining reasonable charges for tenant damages. When tenants move out, it is not uncommon for there to be some level of wear and tear or damage to the property. Determining the...
Is someone allowed to share renters insurance with New York roommates?
It's no secret that New York has some of the most expensive apartments, condos and properties in the United States. So, many money-savvy adults want to split costly monthly rent expenses by taking on a roommate or two. Unfortunately, while roommates can split renters'...
Manhattan and Brooklyn home closings rise in February
The residential real estate market in New York City is showing signs of recovery. Home contract signings in Manhattan and Brooklyn rose sharply in February, but they remain far below 2022 levels. Residential sales in the city plummeted in 2022 due to soaring...