In commercial real estate, conveyancing is the legal process of transferring ownership of a property from one party to another. This procedure involves a thorough examination of property rights, zoning laws and other legal and financial aspects. While crucial for a...
In New York, any agreement involving real estate must be in writing in order to be enforceable. For commercial properties, you need a Purchase and Sale Agreement (PSA). This document spells out all the key parts of the transaction, including the purchase price,...
You're about to close on your dream home, the place where you see yourself building a future, or you are selling your fifth piece of real estate. Unfortunately, there’s a mountain of paperwork and complex legal terms involved in the process. It feels overwhelming,...
When you're considering investing in a commercial property, you will want to know everything about it before making a decision. Lease reviews are a crucial step in this process. They involve taking a close look at all the existing rental agreements for the property,...
Piercing the corporate veil occurs when a court removes a corporation or LLC's protection from liability and holds its owners or shareholders personally responsible for the company's debts or wrongs. Courts typically do this when individuals misuse the company...
New York's rent control laws have a significant impact on real estate transactions across the state. While rent control does not apply to all New York municipalities, it is still relevant in areas such as Westchester County. These laws exist to protect tenants from...
Whether buying a new home or a commercial property, you should consider among the requirements to close the deal title insurance. It is virtually always a prerequisite when seeking funding to purchase the property. You need both "fee" title insurance to protect...
Renting a commercial space is essential to starting a business, especially if your operations involve receiving clients for your products or services. As a business owner, examining the commercial lease thoroughly to understand the rent costs is vital. Your agreement...
Commercial real estate transactions tend to be risky and often involve large amounts of money. But by conducting due diligence, buyers might be able to manage the risks better and make educated decisions regarding the transaction. One of the ways for buyers to conduct...
Commercial real estate leases differ significantly from residential leases on several points. Before signing one for your New York business, familiarize yourself with the following items. Lease term Commercial real estate includes retail stores, warehouses,...
