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Why It May Be a Good Time to Lease Your Condominium Unit
According to a recent Crain’s New York Business article, more than half of the condominium units purchased on or after 2015 are now being sold at a loss. The piece cites data from a report issued by the brokerage Brown Harris Stevens which found a prolonged period of stagnation as the culprit. The Housing Stability and Tenant Protection Act of 2019, along with newly enacted local laws addressing lead paint and “Good Cause” eviction, has made property ownership and managemen

PREL Blog
Nov 191 min read
The Uniform Partition of Heirs Property Act
In the realm of real estate law, few matters are as complex and emotionally charged as actions involving family members. Several states,...

PREL Blog
Feb 11, 20243 min read
Landlords (including shareholders and unit owners who rent their apartments) Must Disclose Flood History
Real Property Law Section 231-B, effective as of June 21, 2023, now requires all landlords to provide a notice to their tenant(s)...

PREL Blog
Feb 11, 20241 min read
New Building Façade Maintenance and Safety Rules
The New York City Department of Buildings (“DOB”) has a new rule relating to the safety and upkeep of building façades, particularly...

PREL Blog
Feb 11, 20242 min read

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