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Purchasing a New York home is an exciting adventure and is cause for celebration, but be careful about the decisions you make between now and closing. Here are four mistakes to avoid when closing on a residential property. 1. Spending too much If your home purchase is...

In commercial real estate, a written lease specifies terms that apply to the landlord and the tenant. Leases regulate the relationship between the property owner and the renter and can help resolve disputes. If you own a commercial property, it is important to...

Real estate negotiations are long and cumbersome, involving banks, insurance companies, title processors and government regulators. It pays to be aware of all the possible risks, especially those at the very end of the process. 1. Bank disbursement falls through Your...

Sometimes unforeseen circumstances make it difficult to continue paying a mortgage. While many fear foreclosure is the only option, some lenders may approve a short sale. A short sale allows owners to sell their homes for less than they owe. These situations may arise...

Commercial leases contain clauses and addendums in place to protect the landlord and the tenant. As a lessee, it is important for you to understand what you sign and how it can affect your business. 1. A no-limit real estate tax clause A real estate tax clause is...

When it becomes necessary to evict a tenant, landlords must follow the letter of the law. Eviction is a lengthy and unpleasant process for all involved, and avoiding common mistakes throughout the proceedings can save everyone a lot of headaches. New York eviction law...

Perhaps you are a successful commercial landlord, and you are looking at the possibility of becoming a residential landlord. There are certain similarities between residential and commercial leases, but which type of landlord must adhere to stricter laws? Requesting...

Beginning January 3, 2022, New York State will begin accepting applications for the New York State Housing Assistance Fund (HAF) Program. The intention of this program is to help homeowners who are at risk of default, foreclosure or displacement as a result of a...

If a landlord in New York has an issue with a tenant, they might think about raising their rent in the middle of their current lease. Since the landlord owns the property, it might seem safe to assume that they can charge whatever they want. However, the law isn't on...

What are leases and who needs them? Whenever you want to rent out a piece of property you own for someone else to live or work in, you will need to create a lease agreement. Similarly, this is what you need to agree to any time you want to rent a place to live or work...