LIEN PRIORITY LAWS FOR NYC CONDOS Lien priority laws for New York City (NYC) condos are governed by a combination of state laws and local regulations. Condominiums in NYC are subject to a specific set of rules and regulations, and lien priority can vary depending on the type of lien and the circumstances. Here are […]
Articles Tagged: New York
NEW YORK CITY COOP LIEN PRIORITY RULES, PROPERTY LIENS
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Dealing with legal issues involving NYC co-op lien priority rules can be complex and requires a good understanding of the laws and regulations governing cooperative housing in New York City. Co-op lien priority rules can affect various aspects of co-op ownership, including assessments, maintenance fees, […]
HOA LIEN PRIORITY LAWS IN NEW YORK CITY
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M In New York City, Homeowners’ Association (HOA) lien priority laws are primarily governed by state laws and the specific governing documents of the HOA. It’s important to note that HOA laws and lien priority can vary depending on the type of development and the rules established […]
CONVERTING A NYC OFFICE BUILDING TO A RESIDENTIAL ONE
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Converting a New York City (NYC) office building into a residential one can be a complex and regulated process. NYC has specific zoning and building codes that govern such conversions, and you must adhere to these regulations. Here are the general steps and considerations involved […]
NYC Condo Common Charges Collection: Legal Issues
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Common Charges Overview: Common charges are fees that condo owners pay to cover the costs of maintaining and operating the common areas and amenities within the condominium building. These charges can include expenses such as building maintenance, repairs, utilities, insurance, and management fees. Common charges […]
A broad legal landscape with regards to the NYC real estate market
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Real Estate Transactions: Real estate transactions in NYC involve legal processes such as property sales, purchases, leases, and conveyances. Contracts are essential documents that outline the terms and conditions of these transactions. New York is a “caveat emptor” state, meaning buyers must conduct their […]
NYC Zoning Variances and the BSA (Board of Standards and Appeals).
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M In New York City, zoning variances are permissions granted to property owners by the Board of Standards and Appeals (BSA) to deviate from certain zoning regulations for their property. The BSA is a quasi-judicial agency responsible for reviewing and deciding on applications for zoning variances and […]
Security Deposit Regulations in NYC Commercial Leases
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Here’s a general overview: No Statutory Limit: Unlike residential leases, there is no statutory limit on the amount of security deposit a landlord can request for commercial leases in NYC. Landlords and tenants are generally free to negotiate the terms of the security deposit based […]
Airbnb legal issues for NYC Condominiums
BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Short-Term Rental Regulations: New York City has stringent regulations regarding short-term rentals, especially those for less than 30 days. In many cases, renting an entire unit for less than 30 days when the host is not present is illegal, as it is considered a violation […]