Sketchy
landlords beware! New York's Real Property Actions and Proceedings Law Article 7-C has been added by A3241 to give tenants and
municipalities a new tool in their arsenal to address persistent unsafe
conditions that are neglected by their landlords.
Applicable
in both residential and commercial mixed...
Showing posts with label Rentals. Show all posts
Showing posts with label Rentals. Show all posts
Monday, December 19, 2022
19
Dec
Friday, March 06, 2020
06
Mar
Tune in Sunday 3/8/20 at noon on LI News Radio 103.9 FM where Real Estate Investing Coach Andrew Lieb discusses projected revenue in real estate. Find out what information to request prior to negotiating terms of the deal. Discover tips to enhance future revenue and how to protect yourself from acquiring bad leases.
After...
Tuesday, November 12, 2019
12
Nov
On November 6, 2019, Governor Andrew Cuomo signed Assembly Bill 1646 into law. Assembly Bill 1646 amends the Multiple Residence Law and adds a new Section 302-a. The Multiple Residence Law applies to buildings with three or more units outside New York City.Effective immediately, the new law prohibits the recovery of rent...
Wednesday, August 07, 2019
07
Aug
A new residential rental law exposes landlords to suit for checking their prospective tenant’s eviction history. This new law provides, at Real Property Law §227-f, that “[n]o landlord of a residential premises shall refuse to rent or offer a lease to a potential tenant on the basis that the potential tenant was involved...
Monday, July 15, 2019
Landlords in the Hamptons have traditionally demanded prepaid rent from tenants on seasonal rentals. If you rented your property for a three-month term, say from July to October, on lease signing, you’d traditionally demand that the tenant provide you with a check for the entire period’s rental fees together with an executed...
Saturday, January 19, 2019
On January 18, 2019, the IRS issued the safe harbor for rental real estate to be treated as a trade or business for purposes of IRC 199A's Qualified Business Income 20% deduction.
Real etate professionals, who operate "a rental real estate enterprise... [which is] an interest in real property held for the production...
Monday, July 24, 2017
Just because it’s silent doesn’t mean it isn’t there. Did you know that the state of New York provides residential tenants with many rights that supersede even the most grueling landlord-favorable lease terms?
Andrew Lieb, Esq. shares the top ten tenants' rights that should be fully understood by landlords,...
Tuesday, April 26, 2016
Summer rentals got off to a great start this year, yet there are still
people looking to secure that ideal getaway, and there are still
East End homeowners who could quickly become landlords
for the season. In each issue of Behind the Hedges, I offer insights and
information about the legal side of Hamptons real estate....
Thursday, December 03, 2015
03
Dec
There is a strong temptation for homeowners to rent out the extra space in their home for a few quick bucks on the side, but long gone are the days where being a part time landlord was as easy as posting a classified ad in the newspaper and watching the monthly rent checks roll in.
With...
Tuesday, September 01, 2015
It may seem homeowners have a money tree at their house. It’s easy, just rent your house for the weekend and the dollars will shake into your bank account. Better yet, companies like Airbnb can facilitate the process and get landlords timely and secure payments, right? Making money is never so easy. Here are five risks...
Tuesday, January 27, 2015
27
Jan
It's imperative to realize that the east end of Long Island is a massive place. It's over 30 miles from Westhampton to East Hampton on the south fork and not that much shorter on the north fork between Riverhead and Orient. As a result, the experience of summering on Shelter Island as opposed to staying in Southampton...
Monday, January 26, 2015
Andrew Lieb's latest article is now available on Dan's Papers.
Keep these tips handy when planning your seasonal rental sear...
Wednesday, December 10, 2014
10
Dec
Residential leases are now required to contain a notice to tenant(s) concerning the existence of sprinkler systems.
“Sprinkler system” shall mean a system of piping and appurtenances designed and installed in accordance with generally accepted standards so that heat from a fire will automatically cause water to be discharged...
Wednesday, September 10, 2014
Before letting a family member stay at your house, read and share Andrew Lieb's latest article published in the New York Section of the Huffington Post.
The answer depends on two very important factors:
Do you really need the money from your rental?
Are you actually related to your family member?
The comprehensive...
Wednesday, September 03, 2014
03
Sep
Just because the term of the lease is over does not mean that the landlord automatically gets their seasonal rental property back. Additionally, smart brokers put a clause in their agreements that provides for a commission being due should the tenant purchase the rental property from the landlord.
Andrew...
Tuesday, September 02, 2014
02
Sep
Gaining Repossession: Just because the
term of the lease (a/k/a duration) is over does not mean that you, the
landlord, automatically gets your seasonal rental property back. In many
States, such as New York, the tenant must surrender possession of the property
prior to the landlord retaking possession regardless if...
Monday, February 17, 2014
17
Feb
East End Landlords - its time to make sure your rental permits are in order, you have a valid Certificate of Occupancy, and you have a sample lease / house rules drafted to rent out your place for the season.
Real estate agents should ask their clients to see the rental permit / Certificate of Occupancy to avoid their...
Tuesday, November 12, 2013
12
Nov
Guess what? If you are trying to evict a family member and you resort to a summary proceeding, it will likely be dismissed. Instead, you will end up in a prolonged ejectment proceeding in Supreme Court or in the appropriate matrimonial / family part depending on your precise circumstances. This jurisdictional result is
because...
Friday, August 02, 2013
02
Aug
Tune in today and tomorrow 8/2 and 8/3 at 5:30pm WPPB Peconic Public Broadcasting 88.3- Check out Real Life hosted by John Christopher from Brown Harris Stevens. John will be interviewing Andrew Lieb concerning a multitude of issues facing Hamptonites in the real estate market from commercial valuation to simply the new...
Thursday, July 11, 2013
11
Jul
Business Insider has an article called 11 Clauses to Beware The Next Time You Sign a Lease that I thought was better serving to the first time landlord rather than the first time tenant. You see, so often landlords call their attorneys and say how much do you charge for a lease and my firm's standard answer is; what...