On July 1, 2020, Governor Andrew Cuomo signed The Tenant Safe Harbor Act. Specifically, the Act addresses forgiveness of rent for the “COVID-19 covered period,” although the Act does not forgive rent … [Read more...] about The Tenant Safe Harbor Act
COVID-19
COVID-19 and the Doctrines of Impossibility and Frustration Of Purpose
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
Commercial Guaranty Agreements Affected by COVID-19
{2 minutes to read} 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 … [Read more...] about Commercial Guaranty Agreements Affected by COVID-19