Commercial Real Estate
Understanding the purpose of building codes
On Behalf of Marcus, Gould & Sussman, LLP | Apr 24, 2021 | Commercial Real Estate |
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 prevent unintentional violations. It can also provide reassurance that their property remains up-to-code to provide optimal protection for their tenants.
Avoiding a lawsuit when a commercial lease expires
On Behalf of Marcus, Gould & Sussman, LLP | Feb 4, 2021 | Commercial Real Estate |
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 rental unit.
Lease terms may specifically outline that a tenant must return the property to its original condition.
Are you paying too much for title insurance?
On Behalf of Marcus, Gould & Sussman, LLP | Dec 14, 2020 | Commercial Real Estate |
You understand the need for title insurance to ensure that no liens, encumbrances or mistakes create issues with the title to the commercial real estate you want to purchase. However, R Street notes that it is common for residential and commercial real estate buyers to overpay for title insurance premiums and fees. In fact, that nonprofit organization estimates that the excess totaled around $155.3 million in 2015 alone.
