Now that 2018 is here it is important to be aware of the changes in the law for our industry. This is not a list about the best events from 2017, but instead, a list that highlights the new legal landscape
that real estate attorneys face in 2018. Being familiar with these laws, regulations and opinions may help Attorneys better address their client’s goals and make them money while helping them
avoid malpractice.
Here is a link to the full article by Andrew Lieb, Esq. published in The Suffolk Lawyer.
Monday, February 12, 2018
Thursday, January 25, 2018
New Statute - Residential Rentals must be Code Compliant or Face Premises Liability Exposure
New section of the Real Property Law protects tenants from illegally converting dwellings in all residential leases. This statute will place an exorbitant risk on the landlords; a risk only magnified by the likelihood that a property insurance carrier will disclaim coverage for such a claim.
Read the full article by Andrew Lieb, Esq. published in the Suffolk Lawyer here.
Read the full article by Andrew Lieb, Esq. published in the Suffolk Lawyer here.
Thursday, January 18, 2018
New York State Senate Says Aye to Bill Allowing Title Insurance Marketing Expenses
With 61 ayes and 0 nays,
the New York State Senate passed S6704
which provides a definition for “an inducement for, or as compensation for, any
title insurance business” in Insurance
Law 6409. The new definition allows title companies and agents
to continue usual and customary marketing activities such as taking clients out
for coffee or lunch. The only requirement is that these marketing expenses must
not be offered as a quid pro quo for a particular piece of title insurance
business.
Nonetheless, title
insurance companies and agents are still holding their breath as it is still in
the Assembly’s hands to approve A8467
and effectively ease Regulation 208’s prohibitions
on inducements for title insurance business.
You can track the
Assembly’s actions on A8647 through this link.
Subscribe to:
Posts (Atom)