Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Four Class Actions Allege Rent Overcharge Chicanery
On Oct. 29, 2020, Newman Ferrara LLP, a Manhattan real-estate firm, filed four separate class-action lawsuits — on behalf of tenants living at 180 Franklin Avenue, 670 Pacific Street, 1209 Dekalb Avenue, and 3052 Brighton First Street, in Brooklyn, New York — highlighting three different maneuvers landlords used to evade the requirements of a tax-abatement program, commonly known as "421-a,"and the Housing Stability and Tenant Protection Act (HSTPA).
In 1971, Real Property Tax Law §421-a was enacted by the New York State Legislature to offer developers tax incentives for constructing new, market-rate, multi-family rental housing. In exchange for those credits, owners are required to provide their tenants with the protections of rent regulation, even if the apartments would otherwise be exempt. (This requirement has been modified under the "Affordable New York Housing Program" amendments to the 421-a program.) New York City's Rent Stabilization Law (RSL), and the Rent Stabilization Code (RSC), limit the amount of rent that NYC landlords can charge, and circumscribe the manner in which landlords are able to raise rents. To secure future percentage-based increases, participating landlords in newly constructed buildings must first establish an initial legal regulated rent for each unit and must register the "initial adjusted monthly rent charged and paid," with the New York State Division of Housing and Community Renewal (DHCR). See, RSL §26-517(a)(4) and RSC §2521.1(g).
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
When Is a Repair Structural or Nonstructural Under a Commercial Lease?
A common question that commercial landlords and tenants face is which of them is responsible for a repair to the subject premises. These disputes often center on whether the repair is "structural" or "nonstructural."