Jump to Navigation
Finding Real Estate Solutions That Meet Your Needs
Solutions

New York Real Estate Law Blog

Adverse possession can lead to home ownership at a low cost

Even in New York, there are properties that are abandoned. These properties may be inhabited by individuals who publicly move in without paying. People who do this may eventually take possession of the property through adverse possession laws.

Under adverse possession laws, someone can acquire the title to a property after a certain amount of time has passed if the person has moved in publicly and made improvements to a neglected property. The main factor in the situation is that the individual must have moved in publicly and live in the home or property as if he or she owns it.

What should you ask about renting commercially?

When you decide you want to rent commercial property, there are many different things to consider. One of the most important to you may be the square footage. You want to have enough room for your business to grow and thrive, and you also want it at a fair price. When you look into buildings with the square footage you want, ask how the landlord measures. Some measure from inside the room, while others measure from outside the main walls. Those few inches add up, so look for value based on that knowledge.

Another thing to do is to look at common spaces. Are you going to be charged to use them, and is the landlord responsible for taking care of them? You need to know if common areas are your responsibility; if you're not interested in using them and have the option, you might be able to negotiate to eliminate the common area from your rental agreement.

New development struggles in changing West Chelsea market

A new development in West Chelsea may be of interest to you if you love swimming. This 31-unit mid-rise is meant to have 4-foot-deep pools in over half its apartments. The pools will be indoor-outdoor units, giving people the option to swim in any weather conditions. They are heated as well, making them ideal for the winter months.

How much does real estate like this cost? These apartments, specifically, cost around $3 million for a two-bedroom apartment. For a penthouse with five bedrooms, residents will pay upwards of $22.5 million.

You can take a stand if a tree or structure blocks your view

Imagine purchasing the perfect property in New York City. You have beautiful views, overlook the parks and enjoy seeing sunrises and sunsets from your living room. Then, one day, you wake up with a blocked view. In the once grassy lot next to you, someone planted large trees that are impeding the view from your living room windows.

The view from your home has a great deal to do with the value of it, so you're panicked. When you call to ask the owners of the property next to you to cut back the trees, they refuse. They believe it's a beautification effort and should be left as it is.

Here's what you can do if your neighbor trespasses

You love spending time in your yard, but lately you've noticed that your neighbor is putting a lot of his trash on your property. At first, you thought it was just a mistake and that he wasn't aware of the property line, so you talked to him and he said he'd correct the problem.

Today, you went outside and saw even more trash in the same place and even further onto your property. Now what can you do? Prior attempts at talking with your neighbor haven't helped, and actually may have made things worse.

You should ask questions before hiring an attorney or realtor

Any time you decide you want to sell a home, it's important that you work with someone who has the skills and experience to assist you. Before you decide who you want to work with, you need to ask a few questions.

You can ask these questions when you first meet the real-estate agent or attorney you plan to work with. He or she should be open to answering any questions you have about his or her history in the field.

Environmental issues can ruin a home purchase

Environmental issues can make a real estate transaction go south faster than almost anything else. Imagine wanting to purchase a property and getting halfway through the transaction before you find out that the land had been contaminated or that the home is essentially lined with mold. It could be devastating and ruin your prospects for purchasing a home.

Some possible environmental issues that could arise include finding lead paint, discovering radon on the property or finding asbestos in the walls of the home. Each one of these environmental factors is dangerous to you and your loved ones, and they must be addressed as soon as possible. Fortunately, you can usually test for these problems before finalizing your purchase.

Understand what a condominium is before a purchase

Condominiums, which are usually referred to as condos, are homes similar to many others on the market. They offer you a place to live and provide you with many of the rights that you'd gain as a traditional homeowner. The difference is that the development of condominiums is managed by an association, and that association makes rules for the community. The individual owners of the condominiums share ownership of common areas while the association maintains the common areas and sometimes outside areas of the homes.

Like a traditional home purchase, if you want to buy a condo, you'll need to obtain a mortgage. You'll sign a deed for the home, just like you would if it was not part of an association or condo development. The difference is that you will not receive the same level of ownership as you would with a normal home. While you own the home, you may not be able to make changes to your yard, the outside of your home or other common areas, because the association places restrictions on those changes.

These 5 reasons to get a survey can save you plenty of trouble

In real estate, nothing is more important than knowing your boundaries. Whenever you make a purchase, you need to know exactly what you're getting. The best way to do that is to have a property survey.

There are other reasons to have property surveys, too, besides just knowing your land boundaries. These are five reasons to consider having your property surveyed soon.

Can you sell a home without a clear title?

If you're ready to sell a home but aren't sure you have a clear title, that's something you're going to need to work out. Without a clear title, it's going to be incredibly difficult to find someone who will be able to finance a purchase. Mortgage lenders won't want to finance a purchase that doesn't have a clear title, because problems that arise from black marks on the title could affect the value of the property.

Buyers can choose to take on the risk of purchasing a property with a title that isn't clear, but it's not a good idea. Construction, mortgage and judgment liens can end up costing buyers money and even lead to foreclosure when the title isn't clear. These unexpected liens are not possible if the title has already been cleared.

Subscribe to This Blog’s Feed

Contact Our Attorneys

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

FindLaw Network

Attorney Advertising