Articles in the Legal Category
By Corina Streekmann
Belkin Burden Wenig & Goldman LLP
The Rent Regulation Reform Act of 1997 (RRRA) modified the class of individuals eligible for succession and eliminated nieces, nephews, aunts and uncles from among those relatives which qualify as “family members” for succession claims to rent regulated tenancies.
In a recent case, the owner brought a holdover proceeding against the niece of the tenant of record who died in 2010. The niece’s main defense was that because she notified the owner in 1992 that her uncle was moving, she was entitled to succession …
Construction & Design, Featured, Legal »
Nearly nine months later, Hurricane Sandy continues to wash away the luster of Lower Manhattan commercial real estate, according to the results of a new survey of over 100 New York commercial property executives conducted this summer by accounting firm Marks Paneth & Shron (MP&S).
“The insurance companies are the wild card here. The concern seems to stem less from the damage already done and more from the idea that it can happen again and that not enough will be done to prevent it,” saidWilliam H. Jennings, Partner-in-Charge of the Real Estate Practice at MP&S.
Editorial Supplements, Legal »
A recent decision by the Appellate Terms, First Department has given owners a second chance where a renewal lease offer is inadvertently made. The Rent Stabilization Code requires
owners to offer rent stabilized tenants a renewal lease between 90 and 150 days prior to the expiration of the lease. Unlike the law governing contracts in which an offer can be revoked
prior to acceptance, the courts have held that a renewal lease offer is binding once offered and cannot be revoked during the 60 day window period even if an owner comes to learn that the
tenant is not occupying the apartment as his or her primary residence.