Monthly Archives: July 2012

Home Away From Home

Can an apartment be your primary residence, even if you haven’t lived there for two years? That’s the question Patricia Ingao, a board vice president at a Brooklyn co-op, is asking in this episode. Her board is grappling with a complicated and touchy situation involving an elderly rent-stabilized tenant in a nursing home, the son [...]

July 25th, 2012|News|

When Letters of Intent For Commercial Leases Are Binding

The New York Law Journal By Jack Malley It is customary for parties who are negotiating a commercial real estate lease to set forth terms of a potential lease agreement in a non-binding letter of intent (LOI). However, when a broker or lawyer prepares an LOI that includes material terms, and fails to include specific [...]

July 2nd, 2012|News|