BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Dealing with lien priority laws in New York City (NYC) co-ops requires careful consideration of legal strategies to effectively manage and resolve collection issues. Lien priority laws dictate the order in which liens are paid off when there are multiple claims against a property. Here are […]
Category: Fiduciary & Regulatory Laws
Arbitration(4)
NYC Coop sale restriction laws
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M In New York City (NYC), co-op sale restriction laws refer to regulations and policies that govern the sale of co-op units. Unlike condominiums, co-op buyers purchase shares in a cooperative corporation that owns the building, rather than owning the unit itself. This unique ownership structure often […]
The legal intricacies involving NYC Broker commission liens
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M In New York City (NYC), real estate broker commission liens are legal claims that brokers may assert to seek payment for their services in assisting with the sale or lease of real property. These liens can complicate property transactions and involve various legal intricacies. Here’s an […]
In NYC, can a zoning lot consist of more than one tax lot?
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Yes, in New York City (NYC), a zoning lot can consist of more than one tax lot. A zoning lot is a designated area of land that is subject to specific zoning regulations and requirements outlined in the city’s zoning code. A tax lot, on the […]