The word “title” in the context of a residential real estate transaction is referring to the ownership of real property. The title review process is a vitally important component of a real estate transaction. The goal is to ensure that the seller is conveying, and the buyer is receiving, clear and marketable title to the property. (more…)
Blog Category: Articles
In the face of seemingly innumerable challenges triggered by the COVID-19 pandemic, constituents in the hospitality space continue to grapple with how to recover and to find opportunities for growth and investment. (more…)
Long-term care planning is not something anyone can afford to wait for. If you think this planning is only for the elderly, you’re wrong. The rising costs of healthcare, the lack of access to preventative care when we need it most, the increased reliance on urgent care centers, and ultimately, the inequity in the deliverance of care when we do need it is the reason we need to begin planning well before retirement.
New Housing Stability & Tenant
Protection Laws in New York State:
5 Facts Every Landlord Needs to Know
On June 14, 2019, Governor Cuomo signed the “Housing Stability and Tenant Protection Act of 2019”. While the majority of the changes included in this bill are specific to New York City’s rent-controlled tenants, a number of changes will have a significant impact on every New York landlord, both in your obligations to your tenants during their occupancy and in the process of evicting them.
Loan documents – those bastions of arcane and archaic legal language which memorialize and govern the lender-borrower relationship – play an outsize role in any commercial loan transaction. And customarily they are overtly lender-friendly, regularly tipping the balance in lenders’ favor and placing even sophisticated borrowers at significant operational disadvantages. (more…)
Many persons, both individuals and businesses, approach potential litigation with an expectation that, if they are successful, they can recover the attorneys’ fees that they incur in the litigation from the other party. Given the expense that a party may incur in attorneys’ fees in a lawsuit and how much this amount may affect the net amount a party may actually recover (as a plaintiff) or be forced to pay (as a defendant), the accuracy of that assumption and what can be done to ensure that attorneys’ fees can be recoverable may have a large impact on the decision of whether to litigate at all or at what amount to settle a lawsuit. (more…)
Effective October 9, 2018, New York State’s new rules regarding sexual harassment training and prevention in the workplace will take effect. Every organization in New York—regardless of company size—will be required to facilitate yearly sexual harassment training and to create a clear sexual harassment prevention policy. All types of workers, including interns, part-time employees, and management, will be required to participate. (more…)
When a loved one dies, it is common to start asking questions about their estate. While it is recommended that every individual have a Last Will & Testament, in many cases, simply having a Will does not mean that probate is necessary. (more…)
As any aspiring new business owner, you may be in the midst of writing a business plan and envisioning your future successes. At the early stages of business formation, oftentimes, clients are flooded with a wealth of information and overwhelmed with decision-making. Too often, clients rush right into entity formation without fully understanding the reasoning behind their first big decision.
In New York State, there are six basic entity structures that exist: sole proprietorship, limited liability company, general partnership, limited partnership, corporation and not-for-profit corporation. A basic understanding of these business structures can help you to find the right type of business entity for your new venture.