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  • By: Stephen M. Lasser, Article
  • Published: June 26, 2018

An issue that commercial landlords frequently have to address is tenants falling behind in their rent payments and then filing for bankruptcy protection. Once a tenant declares bankruptcy, an “automatic stay” goes into effect, which makes it illegal for the landlord to pursue eviction and collection efforts against the tenant except through the channels available through the tenant’s bankruptcy court…Read More

  • By: The Real Deal, Quoted "Stephen Lasser"
  • Published: May 1, 2018

New high-end NYC condos are seeing an uptick in construction defects — from warped floors to fireproofing problems — and another wave of complaints could be coming Not long after closing on a $28.5 million pad at 56 Leonard last spring, the new owner had a problem. More than one, actually. The master bathroom allegedly had poor caulking, the deadbolts…Read More

  • By: Stephen M. Lasser, Article
  • Published: April 26, 2018

As you may recall from one of our previous newsletters, a new New York State law was enacted, effective January 1, 2018, which requires cooperative board members involved in interested transactions to provide disclosure of these transactions to the owners in their associations. (Here is a link to the previous newsletter http://lasserlg.com/new-disclosure-requirements-board-members/ ) On April 18, 2018, Governor Cuomo passed an…Read More

  • By: Stephen Lasser, Video
  • Published: February 28, 2018

Condominium Common Charges - How Boards Can Collect and What to do if You Have a Unit Owner in ArrearsRead More

  • By: "Stephen Lasser, Video
  • Published: February 24, 2018

For Habitat U, Stephen M. Lasser talks about how to collect common charges in arrears and still stay on the right side of your condo’s constitution.Read More

  • By: Michael Kayam, Article
  • Published: January 30, 2018

A new New York State law was recently enacted, effective January 1, 2018, which requires board members involved in interested transactions to provide disclosure of these transactions to the owners in their associations. The new law adds a new Section 727 to the New York Business Corporation Law (the “BCL”) and a new Section 519-a to the New York Not-for…Read More

  • By: Michael Kayam, Article
  • Published: January 29, 2018

In recent years, retail pop-up shops have become a growing trend among property owners looking to increase cash flow or traffic to their properties as well as businesses looking to reach new markets or test a new product while limiting their potential long-term lease obligations. This trend started gaining popularity during the depression of 2009 when property owners experiencing high…Read More

  • By: Stephen Lasser, Habitat Magazine
  • Published: November 24, 2017

The Low-Down The issue of arrears in condominiums is important because heavy arrears might make it harder for potential purchasers or existing unit-owners to refinance the mortgages on their units. Heavy arrears might also prevent a condo from taking out a line of credit or a loan to start a capital project. All those issues could also make units harder…Read More

  • By: Stephen Lasser, Habitat Magazine
  • Published: November 24, 2017

There are several revisions that can be made to condominium bylaws to improve the collection of common charges and make the corporate governance of the building more efficient. The Real Property Law requires that common charges should be based on a unit-owner’s percentage of common interest, with certain exceptions for insurance and utilities. So most condominium bylaw provisions pertaining to…Read More

  • By: Michael Kayam
  • Published: July 25, 2017

In New York a real estate broker or salesperson can use a mechanics’ lien to collect an unpaid commission after procuring a tenant for a commercial landlord pursuant to New York Lien Law § 10.  This statutory right to file a mechanics’ lien against a landlord’s property was enacted in 1982 in order to address the growing problem of landlords…Read More

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