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New York Commercial Real Estate Legal Questions

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14 legal questions have been posted about commercial real estate by real users in New York. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include real estate, easements, and commercial leasing. All topics and other states can be accessed in the dropdowns below.
New York Commercial Real Estate Questions & Legal Answers
Do you have any New York Commercial Real Estate questions and need some legal advice or guidance? Ask a Lawyer to get an answer or read through our 14 previously answered New York Commercial Real Estate questions.
Commercial Real Estate
New York

Recent Legal Answers

Need to start foreclosure process on a business that I hold a note on. Foreclosing process has begun on this business with their bank

Answered 7 years and 7 months ago by attorney Sharon M. Siegel   |   1 Answer   |  Legal Topics: Commercial Real Estate
Hire a lawyer to file an appearance in the foreclosure.  You should be a defendant in the case.  If your loan is unsecured, you need to sue now separately to get a judgment lien.
Hire a lawyer to file an appearance in the foreclosure.  You should be a defendant in the case.  If your loan is unsecured, you need to sue... Read More

I was just served in a lawsuit about a fire in a building where the plaintiff used to be a tenant.

Answered 8 years and a month ago by attorney Sharon M. Siegel   |   1 Answer   |  Legal Topics: Commercial Real Estate
Send this to the insurance company you had back then.  It should be covered.  If not, answer it.  Ask the lawyer for the plaintiff for an extension of time to answer so you can send it to insurance.
Send this to the insurance company you had back then.  It should be covered.  If not, answer it.  Ask the lawyer for the plaintiff for... Read More

Bankruptcy will help me with Property Taxes owed?

Answered 8 years and 6 months ago by attorney Sharon M. Siegel   |   1 Answer   |  Legal Topics: Commercial Real Estate
What you should do depends on what you can accomplish.  Bankruptcy will buy you delay, but to keep this property you are going to have to get money to pay these people, even if it is over time.  The tax arrears require a foreclosure too.
What you should do depends on what you can accomplish.  Bankruptcy will buy you delay, but to keep this property you are going to have to get... Read More

the city where i was live , they 're close my commercial building and tear them down without payment , also another bussiness they 're offer a million

Answered 8 years and 9 months ago by attorney Alan J. Goldberg   |   1 Answer   |  Legal Topics: Commercial Real Estate
It appears that you have the right to be compensated.
It appears that you have the right to be compensated.

Basis adjustment or capital loss

Answered 9 years ago by attorney Sharon M. Siegel   |   1 Answer   |  Legal Topics: Commercial Real Estate
It depends how you were carrying the buidling on prior years.  Get an accountant.  A website is not a place for tax advice on commercial buildings.  Someone has to see the history on your books.
It depends how you were carrying the buidling on prior years.  Get an accountant.  A website is not a place for tax advice on commercial... Read More

statute of limitations question about New York City real estate contract law

Answered 9 years ago by attorney Sharon M. Siegel   |   1 Answer   |  Legal Topics: Commercial Real Estate
Six years on a contract.  The deal you made was odd.  Did you have a lawyer?
Six years on a contract.  The deal you made was odd.  Did you have a lawyer?

what will be the bases for a fair market value of my property?

Answered 9 years and 3 months ago by attorney Sharon M. Siegel   |   1 Answer   |  Legal Topics: Commercial Real Estate
It depends where you are in the process, and what the acquisition documents state.  These deals are not usually done deals until closing.
It depends where you are in the process, and what the acquisition documents state.  These deals are not usually done deals until closing.

Can I (lessor) get a realtor's commission returned if the lease falls through within a certain period?

Answered 9 years and 5 months ago by attorney Sharon M. Siegel   |   1 Answer   |  Legal Topics: Commercial Real Estate
It depends on your agreement with the broker.  If you have a standard agreement, the answer is usually no.
It depends on your agreement with the broker.  If you have a standard agreement, the answer is usually no.

Do you need an official LLC to sign a commercial lease without having personal liability?

Answered 9 years and 7 months ago by attorney Sharon M. Siegel   |   1 Answer   |  Legal Topics: Commercial Real Estate
You can structure the tenancy however you want, but most landlords will require what is called a personal Good Guy Guaranty for personal liability even if the LLC is the tenant.
You can structure the tenancy however you want, but most landlords will require what is called a personal Good Guy Guaranty for personal liability... Read More

how can i stop my fifty percent partner in a commercial and ressidential rental from making selling / fixing/ rental decisions without me

Answered 9 years and 8 months ago by attorney Sharon M. Siegel   |   1 Answer   |  Legal Topics: Commercial Real Estate
Call a shareholder meeting if a corporation, or a membership meeting if an LLC.  If no results then sue.  Whether these decisions are allowed will depend on your agreement about management.
Call a shareholder meeting if a corporation, or a membership meeting if an LLC.  If no results then sue.  Whether these decisions are... Read More

wife moved out of our home in ny a year ago. she now wants me to buy her out $200 g's. I'm 63 years ols on social security. can she force a sale in co

Answered 9 years and 8 months ago by attorney Sharon M. Siegel   |   1 Answer   |  Legal Topics: Commercial Real Estate
Buy her out of what?  Sell what?  If she owns real estate with you she can force a partition, and you can buy her out.  However, a divorce might be the better way to adjudicate this.
Buy her out of what?  Sell what?  If she owns real estate with you she can force a partition, and you can buy her out.  However, a... Read More

Appraisal over priced

Answered 9 years and 9 months ago by attorney Sharon M. Siegel   |   1 Answer   |  Legal Topics: Commercial Real Estate
What difference does it make? 
What difference does it make? 

Out of state Deposition

Answered 9 years and 9 months ago by attorney Sharon M. Siegel   |   1 Answer   |  Legal Topics: Commercial Real Estate
Have your attorney move to make the deposition by video from CA.  Or get an order that costs be borne by Plaintiff.  I am not sure how jurisdiction was even obtained over you.  Sounds like the case might not have been handled the best.
Have your attorney move to make the deposition by video from CA.  Or get an order that costs be borne by Plaintiff.  I am not sure how... Read More

what type of lawyer do i use if my partner in a building i own with holds rent

Answered 9 years and 10 months ago by attorney Sharon M. Siegel   |   1 Answer   |  Legal Topics: Commercial Real Estate
A commercial litigator.  This is not a complicated case.
A commercial litigator.  This is not a complicated case.
Commercial Real Estate
New York

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