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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.
By Eamon P. Joyce and Cassandra Liu
This article focuses on a recent decision upholding a pipeline developer’s exercise of eminent domain under New York law in National Fuel Gas Supply Corp. v. Schueckler.
Condemnee Entitled to Consequential Damages To Contiguous Parcel
Valuation for Prospective Use Rejected
Statute of Frauds Bars Lease Claim
Buildings Constitute Horizontal Multiple Dwelling
No Agreement to Renew
No Wrongful Eviction When Subtenant Remains On Premises
Alleged Title Defect Did Not Excuse Failure to Close
Statute of Limitations Bars Foreclosure Claim
Statute of Limitations Did Not Extinguish Mortgage