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Landlord Tenant Law

  • Tax foreclosures implicate not only the interest of the delinquent fee owner, but also the interest of the holder of a mortgage on the fee interest. What happens when the mortgagee does not know about the tax delinquency, the tax foreclosure, or the expiration of the right to redeem the property?

    February 01, 2017Stewart E. Sterk
  • How to Handle the Right of First Refusal of a Single Parcel in a Multiple-Parcel Package Deal

    It is best for all parties to avoid litigation by clearly addressing the possibility of a transfer of more than just the property that is the subject of the right when that property is part of a larger parcel, or could be part of a package deal.

    February 01, 2017M. Rosie Rees and Tamara K. Hibbard
  • Discussion of four key cases.

    February 01, 2017ljnstaff
  • In-depth analysis of four pivotal rulings, including one in which a landlord whohad received a tax abatement was not eligible for luxury deregulation.

    February 01, 2017ljnstaff
  • In September 2016, a national title company invoked the Perishable Agricultural Commodities Act (PACA) when it raised an exception on a title commitment for the sale of real property upon which a grocery store was a tenant. The title company asked the owner to execute an affidavit and indemnity in the title company's favor with regard to any PACA liens incurred by the tenant. This new exception has elicited a fair amount of confusion as to why an 86-year-old statute would suddenly present a cloud on title.

    January 01, 2017Tori K. Campbell
  • Recently, the Second Department faced three claims of equitable subrogation over a two-week period and in two of those cases, indicated that the doctrine would not be applicable if the junior mortgagee advanced funds to satisfy a senior mortgage with knowledge of an interest whose priority was inferior to that senior mortgage.

    January 01, 2017Stewart E. Sterk
  • Analysis of key Zoning Board of Appeals decisions.

    January 01, 2017ljnstaff
  • The Mysteries and The Risks

    The triple net lease, or NNN (also known as a bondable lease), is a common lease structure used in commercial real estate. Even though it has become widely popular, the most seasoned investors and their advisers do not always fully understand the details.

    January 01, 2017Stephen Nostrand