The COVID-19 pandemic has caused a crisis for both landlords and tenants in New York State. Given the government-levied pause on evictions, landlords have effectively been unable to collect rent for more than one (1) year and tenants, due to illness and unemployment, have fallen behind on regular rent payments.
On June 14, 2019, Governor Andrew Cuomo signed the Housing Stability and Protection Act of 2019 effectively codifying a new era in the State’s landlord-tenant regime. As the name suggests, the law puts into effect widespread regulation aimed at protecting and promoting tenants’ rights. If you are a landlord, this Act may have you wondering how these changes may affect your business dealings going forward. In short, many aspects of prior leases may need to be revisited, revised or scrapped altogether to ensure full compliance with the new regulatory landscape.
Summer is finally here which means the housing market is really heating up. For those of you selling your residential property without the assistance of a real estate agent, there are a few things to keep in mind. One of the most important documents that you will prepare is the For Sale By Owner (FSBO) contract, which you will enter with your buyer. The contract sets out the terms of the agreement such as your purchase price and the obligations imposed on each party.
Everyone knows that buying a home can be expensive, but many don’t even think about the cost of selling. Home sellers often have a plan for the proceeds from their house long before the house goes on the market—a new home, a new car, maybe a vacation—and knowledge of the major costs of selling a house can help sellers properly budget the proceeds in preparation for paying more fees than they probably would have imagined.
Thinking of buying your first home? Keep reading for helpful information.
LegalEasy Episode #8: Tips for First-Time Home Buyers
The most common errors made by both tenants and landlords.
Find out the most common mistakes made when closing on a house
As of January 4, 2017, New York State regulations regarding brokers' treatment of consumer funds, real estate course subjects and hours, as well as business card requirements, were amended. The changes are generally helpful for real estate brokers and salespersons and modernize outdated regulations.
If you are like many individuals who are in the process of selling their home in the summer months, you may be wondering how to get the best value for your home. By following these five areas of improvement, which may cost as little as a few hundred dollars, you could be getting a higher return on your investment once your property is on the market.