BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M In New York City (NYC) co-ops, repairs and maintenance are governed by a combination of laws, regulations, and the co-op’s governing documents, such as the bylaws and proprietary lease. Here’s an overview of the laws and considerations involving repairs in NYC co-ops: Warranty of Habitability: […]
Category: Property Laws
Commercial Property(8)
Property Clauses & Leases(5)
Property Construction Laws(9)
Property Disputes(3)
NYC Condo Declarations Legal Guide
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Condo declarations, often referred to as the “Declaration of Condominium,” are important legal documents that establish the structure, rules, and regulations for a condominium property in New York City (NYC). These documents set out the rights and responsibilities of condo unit owners and govern the operation […]
“Good Guy” guaranty clauses in NYC Commercial Leases
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M A “Good Guy” guaranty is a common provision in commercial leases, particularly in New York City (NYC). It is a type of personal guaranty that provides certain protections to both landlords and tenants in the context of commercial lease agreements. Here’s an overview of “Good Guy” […]
NYC lease laws involving real property
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Lease laws involving real property in New York City (NYC) are governed by a combination of state laws, local regulations, and case law. These laws outline the rights and responsibilities of landlords and tenants in residential and commercial lease agreements. Here’s an overview of NYC lease […]
The nuts and bolts on the NY laws involving Yellowstone Injuctions
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M A Yellowstone injunction is a legal remedy available in New York to commercial tenants facing a potential eviction due to alleged lease violations or breaches of lease terms. It allows the tenant to maintain their lease while resolving disputes or alleged breaches through the legal process. […]
Selling air rights in NYC
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Selling air rights, also known as development rights or transferable development rights (TDRs), is a process in which property owners in New York City (NYC) can transfer the unused development potential of their property to another site for the purpose of increasing the allowable floor area […]