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New York Real Estate Law Blog

Is it safe to invest in 'cannabis real estate'?

The cannabis industry is experiencing a period of rapid growth -- which means that it could be a great time to invest in commercial real estate that's designed to be used for growing cannabis, processing it or dispensing it to either medical marijuana patients or (eventually, you may hope) recreational users.

It's also a time fraught with a lot of risks for those in the cannabis industry -- but savvy investors know that and know that no market is 100% "good" or "bad" for any type of investment.

Choose your real estate attorney carefully to avoid problems

Whether you're buying or selling, when you pick an attorney to handle your New York real estate transaction, pick carefully. Whether you're buying or selling, the wrong choice can be a disaster.

Sure, you may know an attorney who handles general legal matters and have utter confidence in his or her skills -- but every area of law has its own quirks. It's impossible for any one person to know everything.

How do you protect yourself during a short sale?

You were so excited to buy your home and everything seemed perfect -- until your financial troubles set in. Maybe you got a divorce, lost a job or had a medical crisis in the family. Whatever the issue, your mortgage suddenly became more than you could handle, and you started looking for a way out of your situation. The home goes back up for sale.

Then, the bottom drops out of your world. You find out that the real estate market in your area has shifted dramatically, and your house is worth less than you owe. Or, alternately, you simply don't have enough equity built up yet to pay a realtor, and you don't have any luck trying to sell it on your own.

Get help for your New York condominium legal issues

When a housing development or apartment building converts to a condominium there's often a steep learning curve involved for everyone. Some of the problems you may encounter -- whether you're a developer or a resident -- can end up being easily resolved. Others will probably require some experienced legal assistance.

Our office has significant experience no matter what stage of conversion you are in or what problem you're facing. We can help with:

  • Coordinating all of the professionals involved in your condo project, including architects, tax experts and marketing directors
  • Submitting the initial cooperative ownership proposal or "red herring" to the existing tenants and the state
  • Drafting your contracts with the construction company and the marketing company
  • Negotiating with tenants who have formed a "no-buy" agreement in order to force concessions they want
  • Drafting the condo owners' association by-laws and rules
  • Disputes with tenants about the non-payment of fees and maintenance dues or quality-of-life issues
  • Negotiating any mortgage refinancing that needs to be completed
  • Defending the condo board or members against litigation by unit owners or tenants
  • Managing the post-closing amendments or closings on individual apartments
  • Negotiating changes to the plans with the New York Attorney General's office
  • Filing the final offering plan or "black book"

Reasons for disputes between business partners

Like any relationship, your relationship with your business partner is going to have its ups and downs. You will not always agree. You may argue. While you may have felt full of optimism and enthusiasm when you started the company, that feeling will not last forever. Things could take a turn.

If they go very badly, you could find yourself in a serious dispute with your business partner. This puts the entire company in jeopardy. You need to know your rights and what steps to take. Ideally, you and your business partner signed a legal partnership agreement when you started the company, which helps to detail what rights you have, what steps to take if there is a dispute and what to do if you can no longer work together.

New York's new real estate law could affect wealthy buyers

Why should New York care who buys property in the state?

For years, the ultra-wealthy have enjoyed anonymity when they purchase real estate in New York. Celebrity owners and those who inhabit the area known as "Billionaires' Row" have long favored the use of limited liability companies (LLCs) to purchase and hold property.

Tips for long-distance real estate investing

A commercial property investor who never looks much beyond their own back door will probably end up missing out on some prime opportunities. Some of the best real estate deals you may ever encounter could be located halfway across the country -- or further.

Is investing in real estate at a distance entirely safe? No, of course not. No investment is truly safe, but there are always ways you can mitigate the risks you face. Here are a few tips you can use when a long-distance deal comes your way:

Buying a house that was remodeled without a permit

The popularity of do-it-yourself remodeling shows on television these days has inspired homeowners everywhere to tackle both large and small renovations on their own.

Unfortunately, sometimes they proceed to remodel without bothering to get a permit. In some cases, that's done to avoid additional hikes in the taxes (like when a second bathroom is added). In other cases, it may be done out of inexperience. Sometimes, the homeowner just doesn't realize that they need a permit. Either way, it can become a big problem years down the road when they put the property on the market for sale.

Selling your real estate investments? Use this guide

Are you ready to get out of the real estate game? If you're getting ready to sell off your investments and retire, it's smart to plan ahead to make the sales process as simple as possible.

Here are some steps you can take to make things easier on yourself:

You have rights if someone creates a knockoff of your product

Developing a product and building up a brand takes a lot of time and money. You have likely invested substantially in the creation of your company over the course of many years. Unfortunately, when you do become successful, there will be many people who want to take a piece of that success for themselves.

It is shockingly common for companies to intentionally copy other products, potentially violating your intellectual property by infringing on a patent. Even if the product itself has no patent, another company may infringe on your rights by duplicating your packaging or illegally using your brand name for substandard products. When that happens, you need to take action immediately to protect your company's reputation.

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New York, NY 10016

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