Commercial and Residential Real Estate FAQs
What types of real estate transactions should be considered?
There are a variety of real estate transactions based on residential, financing, joint ventures, and much more to be aware of for these types of agreements. The assistance of an attorney/lawyer would greatly help with the navigation for any of the contracts or agreements.
Do I need an attorney when I purchase a house?
No, you don’t need an attorney, but it is advised that you have an attorney to protect you and your investment. In NYC it is customary that both the buyer and the seller have a real estate attorney that can assist with the real estate closing process. During the closing process, the deed, transfer documents, and final mortgage documents are signed, giving the buyer the legal title to the property. Because this process can be complex and often times, time-consuming, it is advised to have a real estate attorney to help navigate you through the process.
How helpful are lease agreements?
Having a lease agreement is very helpful in detailing the structure of the arrangement including guidelines for payments and any disputes. When dealing with the financial impacts for a lease it’s recommended to have all the lease agreements and documents prepared and reviewed by a real estate attorney/lawyer.
Do tenants need detailed review of lease agreements?
It’s very helpful to have a legal professional in the field of real estate review contracts and lease agreements. The full understanding of legal guidelines for payments, disputes, length of the agreement, renewal clauses, and other legal details allows for more informed decision making.
Commercial and Civil Litigation FAQs
What is civil and commercial litigation?
Civil litigation is a legal dispute between two or more individuals that are seeking money for damages or specific performance rather than criminal sanctions. Commercial litigation is a dispute between different businesses. Most civil and commercial litigation claims include, creditor claims or rights, judgment enforcement, and other money disputes between parties.
What should I do if I get sued?
If you are being sued, seek out legal representation to protect yourself immediately. There are strict timelines that must be adhered to, therefore, it is imperative to hire legal representation as soon as you are served with papers.
What happens if I ignore a lawsuit that has been filed against me?
There could potentially be significant financial repercussions if you fail to act on a lawsuit that has been filed against you. Chances are you’ll have a default judgment filed against you that will include the amount that was initially sought after in the initial complaint, interest accrued, cost, and in some cases legal fees as well. With a judgment against you, the creditor can then seek to have your bank account restrained, garnishing wages, placing a lien on your home or other property, etc.
Construction Litigation FAQs
What is the best method for resolving my construction contract dispute?
Each case will come with their own unique set of claims and facts that will help in determining the best course of action to resolve the dispute. Other facts that will be considered, include your ultimate end goal, your budget, and any time constraints, the ability to continue work during the resolution, and any risk factors involved. After reviewing all of the factors involved in your specific case, our team of dedicated professionals will be able to provide you with options and assist you in coming to an agreeable resolution.
What is a construction defect?
What if my contractor denies that there is a defect?
Do not attempt to deal with your contractor by yourself. Chances are they will have their own legal representation, advising them on how to avoid liability and leave you hanging. Protect yourself by hiring a knowledgeable, experienced NYC attorney who has experience in construction-defect litigation. A knowledgeable attorney can help you receive compensation for the repairs, or get the defect repaired.
Landlord Tenant FAQs
What can a landlord do if a tenant stops paying rent?
How much time does it take to evict a tenant?
Depending on the legal representation that the tenant has, and if a judge allows delays filed by the tenant; the eviction process could take anywhere from six to nine months before it is completed, and a judgment is made.
What is rent stabilization?
Commercial Foreclosure Litigation FAQs
What are some types of foreclosures that are managed by the firm?
The firm is experienced and can manage real estate collateral, retail centers, industrial facilities, and distressed property units. Other aspects include mortgage foreclosures, nonjudicial foreclosures, and condominium lien foreclosures.
Does the firm represent lenders or borrowers?
As an experienced and versatile firm, we represent both lenders and borrowers in foreclosure litigation.
How long does it take to resolve a foreclosure?
There are a variety of factors to consider related to the foreclosure process and based on the unknown factors the timeline can be extended, typically, the range would be six months to a year to resolve.
Franchise Legal Services FAQs
What does a franchise attorney/lawyer provide for Franchisees?
Franchise law can be complex and an experienced attorney can assist with franchise terminations, franchise-related disputes, and franchise risks.
What are some of the legal services for franchisees?
There are a variety of aspects to be aware of and the legal services available are single-unit operators, multi-unit operators, selling franchises, franchise territories, reviewing Franchise Disclosure Documents, and many other franchise-specific details.
When should I speak to a franchise lawyer?
Business owners who are interested in franchising, should speak to a franchise lawyer before signing any documents. Some of the most common instances where it is advised to speak to a franchise lawyer include:
Purchasing a franchise– a franchise lawyer reviews the franchise disclosure documents provided by the franchisor. If necessary, a franchise lawyer can propose changes to the agreement, prior to signing and purchasing a franchise.
Franchising a business– a franchise lawyer will work with your current system and help to establish a franchise model. With a model in place, a lawyer can then create all the necessary documents to sell your franchise on both a federal and state level to other business entrepreneurs.