Real Estate

Real estate in New York can be an extremely lucrative investment. It also comes with its share of potential risks. If you choose to invest in this area, you will need to know the rules that apply. You will also need to be clear on what your goals are. You can choose...

When buying or selling a property in New York, the final step in a real estate purchase is the closing. This process includes going through all the paperwork regarding financing and ownership. The transaction can be completed only after the parties and their attorneys...

Sometimes, your plans don’t always pan out as you’d hoped. This may hold true for selling real estate in New York. Fortunately, it’s possible to exit a transaction without facing penalties. Sudden, unexpected issues Unforeseen situations can arise that may prevent you...

Lease agreements with your tenants are subject to many rules and regulations. Tenants have rights under NY law, and you must ensure your rental contracts and practices meet current legal criteria. Drafting rental agreements Create a written contract that you and your...

Purchasing property in New York can be exciting and emotional. Knowing the steps to make the transaction as smooth as possible can be highly beneficial. Submitting your offer Starting the process correctly when you want to purchase a home or other property smoothly is...

Adverse possession is an often misunderstood way of gaining legal ownership of land in New York. Under adverse possession, people can gain title to land that previously belonged to another owner. It can apply to all different types of property in the state, from rural...

When you are starting a New York retail store, you want to get the best deal on your lease agreement. A better lease agreement can put you in a better financial situation even if your business starts off slowly. Know your budget and necessary expenses Before you even...

The real estate transaction process can have bumps in the road for buyers and sellers. One possible hiccup is when the seller tries to back out of the deal. There are only limited circumstances in which they could do that without facing consequences. There are times...

If you’re buying or selling property in the State of New York, you might have heard about its real estate transfer taxes. These are the taxes that the State of New York and certain cities charges for transferring the deed from one party to the next. In New York,...

Unpermitted work or additions to a home without municipal certificates of occupancy or completion is any construction done on a home without the necessary legal permits and final municipal approvals. Sometimes former homeowners may finish the basement, add a deck, add...