Everyone deserves an equal opportunity to live in New York, whether buying or renting. Equal housing opportunity laws, also called EHO laws, apply to people like landlords, mortgage lenders and real estate companies. Why are equal housing opportunity laws so...
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Choosing between a finance or an operating lease
Businesses often lease property or equipment as they expand. This arrangement allows them to grow without cutting deeply into their profits. The company's goals will determine whether a finance or operating lease is the best option. Obtaining assets through an...
Making a smooth transition between property managers
Many people living in New York reside in cooperatives and condominiums. These residents depend on competent property managers to maintain their standard of living. When it is time to make a change in this important position, those in charge must take steps to ensure a...
Landlord’s rights and obligations
Not everyone has the skills to succeed as a landlord. It takes tactfulness, responsiveness and focus. Once you find a good tenant, you don't want to lose them. So, treat them right, and they'll stay. Here are some tips to help you succeed as a property manager in New...
What should buyers expect when closing on a home?
The process of buying a new home in New York may involve several challenges in order to find the one that best suits your needs. Once buyers reach the closing step of home buying, they often experience confusion about their rights and responsibilities. If you are...
The most common factors that end business partnerships
Starting a business in New York might not be something you want to do on your own. Fortunately, you can start a company with another person. Business partnerships can be beneficial if you are with the right person. Unfortunately, there are several reasons why business...
Introduction to investment real estate
Investment real estate involves purchasing property with the intent of earning a profit. New York real estate investors do this in multiple ways, such as becoming a landlord and earning income from rental payments. Alternatively, an investor may renovate a property...
An overview of New York disclosure laws
New York law generally requires sellers to make certain disclosures about their properties before transferring ownership to other parties. Failure to make required disclosures may make sellers vulnerable to civil penalties or an order to reverse a transaction. Buyers...
Private nuisance laws in New York
People living in densely populated cities like those found in New York are often affected by private nuisance laws in one way or another. Courts have established that a private nuisance is defined as creating or maintaining a condition on one property that results in...
How smaller companies fund big lawsuits
Companies in business cities like New York are frequently forced to initiate legal proceedings. This is especially common when they have a deal with another firm and the contract is broken. However, lawsuits are costly and impossible for small businesses to pay...