Just before Thanksgiving, a series of decisions were issued relevant to guarantors of commercial leases in New York City, and the landlords who seek to enforce those guarantee agreements. In May … [Read more...] about Recent Development in New York City’s Personal Guarantee Amendments
Landlords
The Tenant Safe Harbor Act
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 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
Between a Rock and a Hard Place
Following the onset of the COVID-19 pandemic, both landlords and tenants in New York City have struggled to know what comes next in terms of the payment of rent. Obviously, the pandemic has caused … [Read more...] about Between a Rock and a Hard Place
What Happens to Companion Animals in an Eviction?
One of the more obvious changes in our culture over the last few years is the increasing acceptance of companion animals. That cultural change has proven so pervasive that it has even trickled down to … [Read more...] about What Happens to Companion Animals in an Eviction?