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25 Jan 2011, 6:46 pm by Peter Moulinos
Currently, every seller of property in New York is obligated to provide a property disclosure statement to a buyer prior to signing a contract. [read post]
28 Aug 2011, 1:24 pm by Peter Moulinos
A troubling trend has been noticed in the past few months where lenders who are considering a real estate purchaser’s request for financing will not accept a formal application until they have a trove of documents and information about the purchaser in hand. [read post]
11 May 2011, 5:59 pm by Peter Moulinos
There has been a recent push to incorporate a New York City law which would require cooperative boards to rule on a purchaser’s application to acquire a cooperative apartment within 45 days. [read post]
27 Mar 2011, 2:44 pm by Peter Moulinos
From time to time, buyers wish to purchase an apartment that it is part of a cooperative which does not own the land upon which the building is situated but rather leases it from another party. [read post]
1 Feb 2011, 7:37 pm by Peter Moulinos
Every January, the NYC Department of Finance issues an assessment of property values in New York for the purpose of calculating the property taxes to be levied on owners in the coming fiscal year 2011-2012. [read post]
6 Feb 2011, 10:20 am by Peter Moulinos
A small business owner has been found liable on a personal guaranty provided to a third party towards payment on the purchase of goods for his business. [read post]
12 Apr 2011, 5:37 pm by Peter Moulinos
Prior to entering into a contract to purchase a property, a prospective buyer normally conducts an engineering inspection to evaluate the property’s integrity. [read post]
25 Oct 2011, 5:04 pm by Peter Moulinos
The National Arts Club, based in Manhattan, sought to terminate the tenancies and memberships of three of its members on the basis of various improprieties. [read post]
20 Feb 2011, 2:42 pm by Peter Moulinos
This is a question being asked more often in light of the use of email as a substantial, and often primary, form of communication. [read post]
22 Feb 2011, 4:26 pm by Peter Moulinos
A property owner, who needs to make repairs to his property, may only be able to do so by entering onto his neighbor’s property. [read post]
19 Sep 2011, 4:44 pm by Peter Moulinos
The Appellate Division, Second Department, has awarded a tenant who successfully stopped an eviction a judgment of attorney fees against the landlord, even though the lease between the parties did not provide for an award of attorney fees to the tenant. [read post]
22 May 2011, 4:55 pm by Peter Moulinos
Sandals Resort was the subject of an email posted online by an anonymous individual who criticized the company’s business practices and claiming that the company was racist because it collected huge fees for its travel business but yet paid severely low wages to native Jamaican workers at its resorts. [read post]
8 Feb 2011, 5:18 am by Peter Moulinos
From the New York Times comes a great article on running a small business. [read post]
14 Oct 2011, 5:21 pm by Peter Moulinos
A buyer of a cooperative apartment, whose application for approval of the purchase was rejected by the cooperative board, may bring a claim against the cooperative for discriminating against him because he was an unmarried male. [read post]
13 Jun 2011, 5:10 pm by Peter Moulinos
The Appellate Division, Second Department, ruled that a note or mortgage held by MERS (Mortgage Electronic Registration Systems) cannot be foreclosed if the primary lender did not transfer the note and mortgage to MERS. [read post]
23 Mar 2011, 5:59 pm by Peter Moulinos
An article in the New York Times this past week highlighted the fallout which ensues after condominium owners sue a sponsor for defect arising during the construction of their newly development condominium. [read post]
28 Jan 2011, 6:59 pm by Peter Moulinos
A proposed law currently pending before the New York Senate would eliminate mail in rebates to consumers. [read post]