As New York City struggles to adjust to life after the onset of COVID-19, both landlords and tenants are left to put their lives back together again. We don't know whether the way people did business … [Read more...] about COVID-19 and the Doctrines of Impossibility and Frustration Of Purpose
BARS AND RESTAURANTS
Commercial Guaranty Agreements Affected by COVID-19
Both New York State and New York City continue to make changes to the law to deal with the impact of COVID-19. On May 26, 2020, the Administrative Code of the City of New York was amended by Bill … [Read more...] about Commercial Guaranty Agreements Affected by COVID-19
Force Majeure Clauses in New York
Some seldomly used lease/contract defenses are beginning to come up in the aftermath of the COVID-19 crisis. The closing of restaurants, bars, and many other businesses in New York City has been … [Read more...] about Force Majeure Clauses in New York
Are the Legal Rents in Your Building Lawful?
Whether you’ve just gone through the due diligence process following the purchase of a building, or have been a building owner for years, I always suggest extensively reviewing a building’s legal rent … [Read more...] about Are the Legal Rents in Your Building Lawful?
What’s a Rent Deposit Order?
An RPAPL §745(2) Order, commonly called a rent deposit order, is an order from the Housing Court in a summary proceeding which orders the tenant or occupant to pay rent or use and occupancy. The law … [Read more...] about What’s a Rent Deposit Order?