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In Kuzmich et al. v 50 Murray Street Acquisition LLC, 34 N.Y. 3d 84, the Court of Appeals held that apartments in buildings receiving tax benefits under Real Property Tax Law (RPTL §421-g) are not eligible for luxury deregulation under the Rent Stabilization Law (RSL), unlike most other rent-stabilized apartments. To appreciate the importance and consequences of this decision, one must understand the history of RPTL §421-g.
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By Stewart E. Sterk
Jeffrey Turkel’s lead article in last month’s issue focused on the Regina Metropolitan case, in which the Court of Appeals invalidated a number of…
Condominium Lien Enjoys Priority Over Mortgage
Business Judgment Rule Precludes Challenge to Cancellation of Shares
Conditional Payments Do Not Restart Statute Of Limitations On Foreclosure Action
Questions of Fact About Purchasers’ Good Faith In Making Mortgage Applications
Questions of Fact Remain on Implied Easement Claims
Presumption of Hostility Supports Adverse Possession Claim
Questions of Fact Remain About County’s Liability for Fuel Oil Discharge
Prohibition of Advertising Sign Upheld
Failure to Consider Rezoning Application Not Subject to Judicial Review