“At this critical stage of the housing market, it is all about mortgage rates,” said NAR Chief Economist Lawrence Yun.
The report warns that if Westchester fails to address its growing housing shortfall, the county could lose between 8,400 to 12,000 jobs annually and $533 million to $742 million in annual earnings.
The move effectively keeps congestion pricing tolls in effect through at least June 9.
A noteworthy legislative amendment was the exclusion of “squatters” from the definition of “tenant” under the current tenancy laws.
It is important to note that while the new Good Cause Eviction Law went into effect in New York City immediately, other municipalities throughout New York State will need to opt-in by enacting this legislation if they so choose.
The most common entities that run the risk of losing the limited liability protection are small, closely held corporations and LLCs made up of family members or a small number of shareholders and members.
Any attempt by a homeowner or landlord to remove a “squatter” (and a tenant or holdover tenant) utilizing “self-help” would be deemed an unlawful eviction [and the owner or landlord would be subject to criminal liability.
Local Law 31 also includes a five-year testing requirement, meaning that all residential building owners in NYC must have all dwelling units inspected for lead paint by Aug. 9, 2025.
Recently, the decision in Stromberg v East River Housing Corp. brings to light some of the issues that exist with regard to the co-op approval process and the restrictions that burden purchasers and sellers in co-op transactions.
After 400 articles about everything from usury to the metaverse and even artificial intelligence, the legal issues in real estate will always keep us on our toes. We'll be ready to report on what you need to know.
The real estate industry was dealt a major blow when a Missouri jury issued a $5-billion verdict ... and the industry and the defendants did not expect this result.
On Sept. 22, 2023, New York Gov. Kathy Hochul signed critical legislation amending Sections 262, 265 and 267 of New
It is disheartening, but this column yet again has to address the very real threats that cyber-attacks and ransomware incidents
Over the years, this column has reviewed various court decisions issued by New York courts on the doctrine of “Caveat
In June, both the New York State Assembly and Senate approved passage of the Limited Liability Company Transparency Act [see
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