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,...
Real estate transactions can contain a minefield of possible deal-killing obstacles. The clock starts ticking from the moment both parties sign the purchase contract, and then the complicated business of selling and buying a home in New York begins. Home inspections...
Owning real estate in New York can be rewarding. Many people own commercial real estate with another person. This is known as joint tenancy. What is joint tenancy and why might it be used for commercial property ownership? Joint tenancy means that more than one person...
Building codes and regulations in New York require compliance from contractors and property owners. These laws specifically address safety requirements to protect the well-being of building occupants. An understanding of the need for such laws helps building owners...
New York commercial real estate tenants may need to take precautions to avoid a lawsuit when their lease agreement ends. A property owner may file a legal action to recover damages if a tenant fails to remove fixtures, furniture or other improvements made to the...
