LIEB BLOG

Legal Analysts

Showing posts with label Rentals. Show all posts
Showing posts with label Rentals. Show all posts

Monday, December 19, 2022

19 Dec

New York Tenants Have New Tool When Landlords Fail to Fix Unsafe Conditions

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...

Friday, March 06, 2020

06 Mar

Real Estate Tips: Evaluating Projected Revenue

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

No Certificate of Occupancy? No Rent, No Eviction Proceeding

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

Don’t Check Your Prospective Tenant’s Eviction History

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

15 Jul

Legally Speaking: The End of Prepaid Seasonal Rentals

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

19 Jan

Rental Real Estate Safe Harbor - Tax Law

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

24 Jul

Top 10 Silent Lease Rights for Tenants

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

26 Apr

10 Secrets to a Perfect Summer Rental

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

Reasons to Involve an Attorney in the Rental of an Accessory Apartment

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

01 Sep

Top 5 Risks For Airbnb Landlords

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

What Affluent Renters Consider Before Securing a High-End Summer Home in the Hamptons

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

26 Jan

10 Questions to Ask Yourself About a Summer Rental

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

ALERT - Throw Out Your Old Form Leases Immediately

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

10 Sep

Why Not to Rent Property to a Family Member

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

5 Tips Landlords Must Know Before Wrapping-U​p Seasonal Rentals (Andrew Lieb's Latest Article Published in The Huffington Post)

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

5 Tips for Landlords in Wrapping-Up Your Seasonal Rentals

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

Welcome to Hamptons Rental Season

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

Get Out Girlfriend - Evicting Your Significant Other

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

Check out 88.3 at 5:30pm Today and Tomorrow for Real Life

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

Lease Clauses - by Business Insider

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...