The Nassau District Court answered this question with a strong no unless "the parties specifically agree otherwise". In this situation, a landlord would be wise to embody this agreement in a lease otherwise they will not be able to look to a Summary Proceeding for an eviction.

The lesson is to always write every aspect of a landlord / tenant understanding in a lease prepared by an attorney.

NYS Division of Human Rights presented a great talk by Bryan Greene, General Deputy Assistant Secretary, Office of Fair Housing and Equal Opportunity at the US Department of Housing and Urban Development on 4/25 & 4/26 of this year concerning Emerging Fair Housing Issues.

To watch the video, click here.

Under the JOBS Act (Jumpstart Our Business Startups Act), crowdfunding is alive and will be available for equity investors in the coming months.

Crowdfunding is a means for start-ups to obtain capital without all of the SEC red-tape that typically accompanies offerings to accredited investors.

Under the JOBS Act, funds will be available through intermediaries operating funding portals. An intermediary for real estate professionals to keep their eyes on is PropertyPeers. Visit their site by clicking here.

To learn more about crowdfunding in the JOBS Act, click here.

Now start thinking about how you can raise capital to become the next real estate tycoon.