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7 signs of a bad business partner

Starting a new business in New York with a partner is exciting and it feels like the sky is the limit. Dissolving that partnership is complex and often frustrating. Not only do you have to navigate the complicated legal process, but you feel like that dream you both worked toward has died.

That said, if you have a bad business partner, your dream may have never been anything more than a dream. It just wasn't realistic. Your best option for your future is to put that false dream behind you and end the business relationship before it causes any serious complications.

New laws that impact New York City condos and co-ops

Effective this year, there are some new laws that can impact residents of New York City condominiums and co-ops as well as the boards and corporations responsible for these residences. Let's look at two that are aimed at the health and safety of the people who live there.

One new law, with the lengthy title "New York City Indoor Asthma Allergen Hazards in Residential Dwellings and Pest Management," requires owners of multifamily dwellings to investigate and remedy all indoor allergen hazards. These can include mold as well as cockroaches and varmints like rats and mice. Local Law 55 also sets standards for this assessment and remediation work and requires that contractors and others who perform these services be properly trained and licensed to do so.

Continuous operation clauses

When it comes to commercial leases, you're essentially on your own to protect yourself against predatory clauses and clauses that -- while not exactly predatory -- are certainly dangerous to your pocketbook. That's why it's important to understand as much as you can about commercial leases before you start to negotiate one, including things like a continuous operations clause.

If you're renting from a landlord in a strip mall or some other type of shopping center, it's in your landlord's advantage to have a continuous operation clause in your contract. It may not, however, be something that you want -- or can afford.

Amazon's shift changes real estate outlook in New York

Amazon's plans to locate its new headquarters, the "HQ2," in New York City recently went bust -- and with it went a lot of real estate hopes in Long Island City and Queens.

Amazon had been widely expected to hire 25,000 people. This would create a need for housing, restaurants, grocery stores and more. In anticipation, investors were already leaping ahead with real estate purchases. One company sold 150 apartments in a single week -- which is 15 times greater than normal. Many Amazon employees were also rushing to buy -- with some purchasing homes as far back as last November.

What can businesses do if someone breaches an important contract?

In many ways, contracts are the foundation of modern business. They are written agreements that guide the way businesses interact with one another and create consequences for noncompliance. A written contract can give a business the confidence to move forward with the next phase of development because the work and supplies it needs will arrive as planned.

Unfortunately, not everyone lives up to their obligations as outlined in a contract. Some people simply overlook certain requirements. Other times, the violation of a contract is much more overt. Businesses dealing with the breach of an important contract have several options available to them for resolving the issue.

Handling noise complaints from tenants

Your tenants generally enjoy what's known as the "right of quiet enjoyment." In part, that means that they deserve to live free from unreasonable intrusions and disturbances -- including excessive noise from other tenants.

However, noise complaints aren't always easy for a landlord to handle. You can't do much about tenants that are overly sensitive to the normal sounds of daily life in an apartment building -- but you also can't afford to ignore a legitimate complaint. Ignoring a valid noise complaint can land you in a legal dispute with the aggrieved tenant.

5 ways to fight off foreclosure

What's the best thing to do when you're behind on your mortgage payments and facing foreclosure?

The answer can vary from person to person. There are actually several possible routes you can take -- so it's important to consider all of them before you decide on your next steps. Here are some common alternatives to foreclosure:

What's exactly is cooperative housing?

These days, everyone is looking for ways to make life more affordable. Finding ways to reduce your housing costs is one way to do that -- so that has some people looking harder into cooperative housing as an alternative to owning a home, renting an apartment or buying a condo.

But what, exactly, is a cooperative?

Trimming your property taxes down to size

Could you be paying far more than you really need to be paying on property taxes?

Most people don't actually know whether the assessment they receive from the government regarding their property's value is accurate or not. They simply accept the number that they see on the "assessed value" statement that they receive from the tax department and pay the bill.

Avoiding problems under New York's short-term rental laws

Are you hoping to make a few extra bucks renting your unused condo out through Airbnb or someplace similar? You'd better hold off -- at least until you read this article.

In New York, you aren't allowed to advertise a short-term rental of less than 30 days in any permanent residency building. (For the record, it was actually already illegal to actually rent out the majority of apartments or condos on a short-term basis if you weren't actually living in the unit yourself. There was just no law against advertising. That was a loophole that many people saw fit to exploit -- but no longer.)

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