land and law

Land and Law - "A complaint of many landlords with respect to short-term rentals, especially in the Hamptons, is that the Tenant Protection Act limits the collection of a security deposit to one month's rent," Hannah Abrams noted.

Land and Law - "It's true that by the end of the year we will have a number of record sales. Well-priced properties are going very rapidly," Ed Reale told us. "We do have multiple bids, in some cases five to ten people bidding on the same house, so there is competition for good properties."

Land and Law - COVID-19 has brought unprecedented attention to the subject of non-compliance with contracts including residential and commercial leases.

Land and Law - "Ultimately, many unanswered questions remain concerning whether and to what extent privacy rights will be enforced in New York against cooperative, condominiums, and other property owners and management entities," Matetsky and Joskal stated.

Land and Law - "The second home market has been a boon to the local economy. However, it has also had the impact of driving up prices and making housing unaffordable for many local families," Assemblyman Fred W. Thiele Jr. told us.

Land and Law - Before the advent of Covid-19 retailers were being negatively impacted by online purchasing. Major box stores such as Macy's, Sears, and Kmart closed large numbers of stores throughout the country, while JCPenney and Neiman Marcus have filed for bankruptcy.

Land and Law - "Every New Yorker deserves equal treatment in our real estate industry, and no one should be impeded in their ability to achieve homeownership because of the color of their skin," Assemblyman Fred W. Thiele, Jr. told Hamptons.com.

Land and Law - In a report published by the New York State Comptroller's Office, as of January 1, 2019 there were 174 agricultural districts in the state comprising 25,673 farms.

Land and Law - "My complaint about the executive orders and legislation relating to evictions is just that they are overbroad and vague. They could be interpreted as applying to seasonal rentals, which is far beyond the state intention of the orders," Assemblyman Thiele told us.

Land and Law - On October 23, 2019, Governor Cuomo signed into law a New York State Association of Realtors (NYSAR) supported-amendment to the Real Property Law. The amendment eliminates the exemption from continuing education for those licensees who are "grandfathered" under the current law.

Land and Law - "The Governor's Executive Orders have had a huge impact upon the ability of attorneys and other real estate professionals to conduct real estate transactions," David Dubin noted.

Land and Law - An outstanding issue is whether a real estate broker representing the landlord could charge a commission to the tenant.

Land and Law - Among the guidelines of greatest concern to the real estate brokers is the one that poses the question: "Can a landlord's agent collect a 'broker's fee' from the prospective tenant?"

Land and Law - Twelve real estate brokerage firms were tested. According to Newsday, the firms selected represented more than half of the homes sold on Long Island during 2017.

Land and Law - A common misconception is that the buyer who goes to contract with the seller and subsequently backs out of the deal without legal excuse is not required to pay the broker the agreed upon commission.

Land and Law - A word of advice: A Listing Agreement is a legally binding contract and should be entered into only with the advice of counsel.

Land and Law - The issue of greatest concern to landlords and real estate practitioners on the East End of Long Island has to do with the issue of Security Deposits for short-term or seasonal rentals.

Land and Law - "As I see it, one frustration was the result of a lack of options because of infrastructure (sewers, etc.) and a lack of affordable grant opportunities from federal or state sources," Town Supervisor Scott Russell said.

Land and Law - I think the best way to approach this topic is anecdotally rather than theoretically.

Land and Law - Buyers and Sellers have certain misconceptions when selling and buying a home.