Every party involved in a residential real estate transaction has a degree of risk. Sellers are vulnerable to premises liability claims when they allow people to visit for tours and open houses. They are at risk of people damaging their property or stealing some of...
Buying real property in New York is expensive and often competitive. Those looking for starter homes may be up against dozens of other couples in a similar situation. Once property buyers find a home that meets their needs, they make an offer and negotiate a purchase...
Title insurance is an invaluable safety net in real estate transactions. This type of insurance protects buyers and lenders from potential claims or disputes over the ownership of a property. Before closing on a property, buyers want to ensure they are receiving...
Tenants have a right to expect that the properties they rent are relatively safe. Standards in New York impose numerous obligations on landlords ranging from disclosure requirements to testing an abatement in cases involving the potential for toxic exposure....
Real estate transactions are complex, involving a significant amount of paperwork, intricate legal details and the potential for costly mistakes. In such high-stakes dealings, the guidance of a knowledgeable attorney can prove to be invaluable. While working with a...
A cloud on the title refers to any potential problem or discrepancy in the ownership history of a property, which can jeopardize your ownership rights – and they crop up with surprising regularity. While older homes tend to have complex ownership histories that can...
When someone sells real property, what they actually transfer is title rights. The name on the title records for the property determines who is responsible for taxes and has authority over a property. Title records can also grant third parties access if they have an...
A residential lease for a New York property outlines the obligations the landlord has to their tenants and what rights the occupants of a unit have, as well as their responsibilities for maintenance and payment. Provided that both parties abide by the lease as...
It’s important to get all the details right when you’re engaging in a real estate transaction. This is true whether you’re purchasing the property or selling it. There’s a lot of money on the line, especially in a place like New York, where real estate is at a...
Buying a home isn't just a dream and a life goal. For many people, it is also a form of investment. Instead of spending money to pay for rental housing every month, they pay a mortgage that slowly leads to the development of home equity. Over multiple decades, people...