June 30, 2020 UPDATE: Extinguishing Restrictive Covenants Imposed as a Condition of Zoning Approvals

Courts have long upheld the imposition of restrictive covenants as part of zoning approvals. As a result, boards routinely require applicants to record restrictive covenants as a condition of zoning approvals. Due to the fact that restrictive covenants are often drafted to “run with the land”, meaning the covenants automatically transfer with the property, zoning attorneys should be fully versed in drafting restrictive covenants as…

Continue Reading June 30, 2020 UPDATE: Extinguishing Restrictive Covenants Imposed as a Condition of Zoning Approvals

June 16, 2020 UPDATE: Land Surveys: Costs and Benefits

A property survey’s importance cannot be understated. Surveys show: Dimensions/description of the premises; location of buildings, fences and other improvements; relationship between the subject property and adjoining parcels, including encroachments by a neighboring property onto the subject property, and vice-a-versa; and provides discovery of facts that may not be of record, i.e. water courses, utility lines, easements, etc. It is “read into” and becomes part…

Continue Reading June 16, 2020 UPDATE: Land Surveys: Costs and Benefits

June 15, 2020 UPDATE: Sometimes the IRS Says Things that Aren’t Exactly Correct

Many people believe that the Internal Revenue Service (IRS) always provides the right answer, particularly when an agent tells the taxpayer that there is an IRS policy that is determinative of the issue, even when there is no legal support for the position. The taxpayer, without substantial research into the IRS procedural rules, has no means of disputing such a statement. Therefore, making the statement…

Continue Reading June 15, 2020 UPDATE: Sometimes the IRS Says Things that Aren’t Exactly Correct

June 11, 2020 UPDATE: Is Your Business Insured for COVID-19? It Depends.

Businesses are currently in the throes of reopening from the imposed government shutdowns. But are businesses taking the time to consider whether their operations are insured for COVID-19 claims by the public? Unfortunately, due to the virus’ contagiousness in close quarter settings and its potential deadly nature, it is likely that businesses will be forced to confront these claims before a viable vaccine is available.…

Continue Reading June 11, 2020 UPDATE: Is Your Business Insured for COVID-19? It Depends.

Guidelines for The Real Estate Industry: COVID-19 Phase II Protocols

Businesses permitted to reopen pursuant to Governor Andrew Cuomo’s order must follow the mandatory guidelines as set forth by the State.  Each industry has its specific set of regulations and protocols with which business owners must comply.  Executive Order No. 202.38 issued June 6, 2020 (the “Order”), states in pertinent part that commercial building owners and those authorized on their behalf to manage public places…

Continue Reading Guidelines for The Real Estate Industry: COVID-19 Phase II Protocols

June 5, 2020 UPDATE: The Feds Make Changes to the Paycheck Protection Program – 24

Business owners who found themselves the recipient of the PPP loan funds, but with their businesses still mandated closed, can breathe a bit of a sigh of relief as the PPP program was amended and borrowers now have 24 weeks, not 8, to use the funds and seek forgiveness. The Paycheck Protection Program Flexibility Act of 2020, which was just signed into law by President…

Continue Reading June 5, 2020 UPDATE: The Feds Make Changes to the Paycheck Protection Program – 24

June 3, 2020 UPDATE: NYS Department of Health Published Industry Specific Guidance Setting Forth the Minimum Requirements for Businesses Reopening in Phase 2 – 23

As we get closer to reopening the economy on Long Island and in NYC, the New York State Department of Health (“NYSDOH”) published industry specific detailed guidance setting forth the minimum requirements for businesses reopening in Phase 2. The NYSDOH’s guidance is broken down into the following categories: (1) Offices; (2) Real Estate; (3) Essential and Phase 2 In-store Retail; (4) Vehicle sales, leases, and…

Continue Reading June 3, 2020 UPDATE: NYS Department of Health Published Industry Specific Guidance Setting Forth the Minimum Requirements for Businesses Reopening in Phase 2 – 23

June 2, 2020 UPDATE: A Cautionary Tale in Zoning: Historical Use of a Property Does Not Guarantee Continued Future Use

Look to any contract for sale of a commercial property and you will find a “due diligence” provision. During this period, it is incumbent upon the prospective purchaser to investigate whether the property and its current or proposed use complies with the existing land use and zoning regulations. If the investigation reveals that the property is not in compliance with the intended use, the purchaser…

Continue Reading June 2, 2020 UPDATE: A Cautionary Tale in Zoning: Historical Use of a Property Does Not Guarantee Continued Future Use

June 2020 UPDATE: Creating Time of Essence in New York Real Estate Transactions

Standard provisions in a contract to purchase and sell real property in New York state, whether commercial or residential, usually do not subject the parties to “time being of the essence”. Instead, in order to require the parties’ performance of an obligation under a real estate contract in New York to be of the essence, the parties must either add specific language to such contract…

Continue Reading June 2020 UPDATE: Creating Time of Essence in New York Real Estate Transactions

May 29, 2020 UPDATE: Construction Contracts in the Age of COVID-19 and Potential Defenses to Non-Performance Under New York Law

The novel coronavirus has completely upended the way of life for New Yorkers – including the way we work, feed our families and interact with people in our own communities. Every industry, including construction, has been impacted by the pandemic. Pursuant to a series of Executive Orders issued by Governor Cuomo, all non-essential businesses have been shut down in New York. “Essential” construction has been…

Continue Reading May 29, 2020 UPDATE: Construction Contracts in the Age of COVID-19 and Potential Defenses to Non-Performance Under New York Law
Close Menu