Avenue Law Firm

Real Estate Litigation NYC

Real estate is a complex market that involves numerous laws, regulations, and contracts under real estate law. Because of this, disputes are not uncommon, and it is critical for individuals and businesses involved to seek the guidance of a skilled New York City real estate litigation lawyer who specializes in real estate law. Whether you are a commercial or residential landlord, property owner, developer, contractor, mortgage company, title insurer, or other member of the real estate industry, a NYC real estate litigation attorney with expertise in real estate law can help you.

Commercial Real Estate Litigation NYC

In the commercial real estate sector, which is governed by real estate law, many different types of buildings and projects are involved, including office buildings, retail centers, and apartment buildings. Disputes in real estate law can arise in all of these areas, from acquisition and financing to development and construction to management and leasing.

Similarly, residential real estate litigation, a key part of real estate law, is commonplace. This can involve disputes concerning ownership, title, mortgages, and land use issues, all under the umbrella of real estate law. An experienced Manhattan real estate litigation lawyer can help clients negotiate and resolve any disputes that may arise during a residential real estate transaction, in accordance with real estate law.

A real estate attorney, well-versed in real estate law, can also assist in matters involving zoning and land use, resolving easement disputes with local governments and utilities, and working on cases involving misrepresentation and nondisclosure in property purchases. Furthermore, a NYC real estate attorney can handle cases involving condemnation/eminent domain proceedings and property valuations under real estate law.

When Should I Call a Real Estate Litigation Lawyer?

Anyone involved in a real estate dispute can benefit from the advice and assistance of a skilled New York City real estate attorney knowledgeable in real estate law. Whether you are a homeowner, a buyer or seller of property, a commercial or residential landlord, a developer, a mortgage company, or a title insurance company, the experienced New York City real estate litigation attorneys at Avenue Law Firm, who specialize in real estate law, can assist you.

The Firm handles real estate-related lawsuits in New York City, all within the scope of real estate law. For those interested in discussing their case, the Firm offers a confidential consultation with an experienced New York City real estate attorney who is an expert in real estate law.

New York Lease Agreements

A New York Lease Agreement, governed by real estate law, is a legal document that establishes the terms of a rental arrangement between a landlord and a tenant. It covers details such as the rental duration, rent payment information, and rights and responsibilities of both parties. Under real estate law, a lease agreement must be well-written to protect the interests of both parties and to prevent disputes.

A residential rental lease form, as stipulated in real estate law, is a comprehensive document addressing all requirements and rules necessary for both parties to ensure a smooth, mutually beneficial relationship throughout the term of the agreement. Real estate law mandates that a lease form must include names and addresses of the landlord and tenant, rent calculation, provisions for early termination, and a list of any repairs or improvements to the property.

Additionally, under real estate law, the agreement should state the type of residence being rented, any applicable utilities, and the security deposit amount. The agreement must also include a signature line where the parties agree to all terms of the contract. Real estate law requires landlords to provide a copy of this document to their tenants before the lease begins.
The agreement should also address the rent amount, due date, and penalties for late payment. If a tenant fails to pay rent by the required date, real estate law outlines specific procedures for the landlord, including notice to terminate the lease or eviction.

Landlords must disclose any known environmental hazards, such as asbestos, radon, and lead-based paint, as per real estate law requirements. This disclosure should be included at the lease's beginning and kept for the agreement's duration. Real estate law also mandates providing tenants with information on reducing lead-based paint exposure risks.

Other items in the lease, as advised by real estate law, include the right of entry, pet and animal clauses, and handling property damage. Tenants should agree to allow landlords to conduct periodic inspections.

Furthermore, real estate law often sees the inclusion of a personal guarantee from the principal or shareholders of a business entity in a lease. This guarantees that if the business fails, the individual will be responsible for the entity's contractual obligation to the landlord, a common practice in New York under real estate law.

NYC Home Buying Laws

The process of purchasing a home in New York City, guided by real estate law, has its own unique rules and regulations. Being aware of these real estate law requirements is essential if you’re considering a move to the Big Apple. Understanding these real estate law rules can make your house buying experience less stressful and potentially save you money.

Buying a house in New York often comes with significant one-time fees, a key aspect of real estate law. According to ClosingCorp, these costs, which fall under real estate law, typically total around 3.1 percent of the house’s purchase price, including a transfer tax, homeowners insurance policy, and a mortgage recording fee. These real estate law governed extra charges are vital to consider when planning your home purchase budget.

In addition to one-time expenses, real estate law also encompasses a number of other fees associated with the purchasing process. One crucial fee is the property transfer tax, levied by state government at closing as per real estate law. The amount of this tax is determined by the property's location and can vary between cities and counties.

A real estate attorney, well-versed in real estate law, can advise you on the exact amount of the transfer tax for a specific area. Consulting your mortgage broker about the closing costs expected, as per real estate law, is also advisable.
When making an offer, as per real estate law, your real estate agent will prepare a document, such as a “binder” or “purchase agreement.” This document, crucial in real estate law, is usually signed by both parties and submitted to the seller’s attorney for approval. In New York, this document is typically subject to the buyer entering a contract for the sale of their current residence within a specific timeframe.

The next step, under real estate law, is to deposit a contract deposit or earnest money deposit, typically a percentage of the purchase price. This deposit, governed by real estate law, is usually non-refundable and protects the buyer if the seller breaches the contract.

Another important consideration, as per real estate law, when buying a home in New York is ensuring the seller has clear title to the property. This is usually confirmed by a certificate of occupancy or other method. Under real estate law, buyers may need to pay for a title search to verify the seller’s full ownership and legal standing.

Consulting an experienced real estate lawyer, knowledgeable in real estate law, can significantly smooth the home buying process in NYC. Such a lawyer can answer any questions about the process under real estate law and help you progress towards homeownership in NYC.


Avenue Law Firm

Avenue Law Firm

99 Park Ave 10th Floor, New York, NY 10016, United States

(212) 729-4090