ESG: It’s Impact on the U.S. Real Estate Market: Shifting Priorities

ESG, or Environmental, Social, and Governance factors, notably influences the U.S. real estate sector. Impending reporting mandates and evolving investment standards drive this. The Securities and Exchange Commission (SEC) has proposed ESG regulations mandating climate-related disclosures in the United States. These rules enhance transparency by requiring companies to report annual carbon emissions, detail strategies to […]

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Have Landlord’s Repairs Caused a Constructive Eviction?

Here’s the scoop: a commercial landlord and tenant had a showdown in court, trying to determine if the landlord’s actions ruined the tenant’s business and if the landlord’s repairs caused a constructive eviction. Let’s take a closer look at how this played out. Both sides tried to get some pre-trial injunctive relief, but the court […]

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Understanding Security Deposit Laws in New York

One crucial distinction when discussing security deposits is whether they pertain to a commercial or residential lease. This distinction is vital because it determines the laws governing these deposits. In New York State, the regulations surrounding commercial lease security deposits are specified under New York State General Obligations Law section 7-103. This law defines security […]

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Is it Possible to Sign a Commercial Lease Electronically?

In today’s commercial lease agreements, it’s quite common to find provisions that permit electronic signatures and the use of platforms like DocuSign. However, it’s essential to note that certain signatures, such as those on a Guaranty, may require notarization. In such cases, the notarized signature is usually provided in hard copy to the Landlord’s legal […]

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Cannabis Dispensaries and Risks to their Landlords

Landlords in New York City who knowingly rent commercial spaces to illicit marijuana dispensaries may now be subject to fines, with penalties reaching up to $10,000, following the recent approval of legislation by the City Council. The bill, championed by Lynn Schulman (D-Queens), marks a significant shift in enforcement focus. It mandates that city authorities […]

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