LEGAL CORNER: LLCs and Corporations: The Doctrine of Piercing the Corporate Veil
The most common entities that run the risk of losing the limited liability protection are small, closely held corporations and LLCs made up of family members or a small number of shareholders and members.
LEGAL CORNER: Squatters’ Rights and Adverse Possession Issues
Any attempt by a homeowner or landlord to remove a “squatter” (and a tenant or holdover tenant) utilizing “self-help” would be deemed an unlawful eviction [and the owner or landlord would be subject to criminal liability.
LEGAL CORNER: Recent Lead Paint Decision in New York City and a Review of Lead Paint Regulations
Local Law 31 also includes a five-year testing requirement, meaning that all residential building owners in NYC must have all dwelling units inspected for lead paint by Aug. 9, 2025.
LEGAL CORNER: Recent Co-op Decision: Stromberg v. East River Housing Corp. and a Review of Co-Op Disclosure Legislation
Recently, the decision in Stromberg v East River Housing Corp. brings to light some of the issues that exist with regard to the co-op approval process and the restrictions that burden purchasers and sellers in co-op transactions.
LEGAL CORNER: An Amazing Look Back and the Exciting Journey Ahead
After 400 articles about everything from usury to the metaverse and even artificial intelligence, the legal issues in real estate will always keep us on our toes. We'll be ready to report on what you need to know.
LEGAL CORNER: The Real Estate Industry Under Attack: Major Legal, Economic Obstacles Agents Will Need to Overcome
The real estate industry was dealt a major blow when a Missouri jury issued a $5-billion verdict ... and the industry and the defendants did not expect this result.
LEGAL CORNER: Critical Changes to the New York Property Condition Disclosure Statement Act Effective on March 20, 2024
On Sept. 22, 2023, New York Gov. Kathy Hochul signed critical legislation amending Sections 262, 265 and 267 of New
LEGAL CORNER: Ransomware and Cyber Threats: The Real Estate and Other Industries Are Under Attack, Again!
It is disheartening, but this column yet again has to address the very real threats that cyber-attacks and ransomware incidents
LEGAL CORNER: A Turn of Events: Recent ‘Caveat Emptor’ Decisions That Favor Purchasers
Over the years, this column has reviewed various court decisions issued by New York courts on the doctrine of “Caveat
LEGAL CORNER: New York’s LLC Transparency Act: Yet Another Attack on Privacy Rights and Real Estate Owners
In June, both the New York State Assembly and Senate approved passage of the Limited Liability Company Transparency Act [see
LEGAL CORNER: Artificial Intelligence: The New Frontier
Artificial Intelligence (AI) is certainly the new “new frontier” filled with all the promise and all the dangers that customarily
LEGAL CORNER: What a Difference a Few Months Makes
The Banking Crisis, Commercial Real Estate, the Debt Ceiling, Fears of Recession In January and February, the stock market had