UPDATE: As anticipated, on May 26, 2020, this legislation was enacted into law and takes effect immediately.
On May 13, 2020, the New York City Council unanimously passed a COVID-19 Relief Package that may temporarily...more
On May 13, 2020, the New York City Council unanimously passed a COVID-19 Relief Package that may temporarily prohibit the enforcement of personal liability provisions (a/k/a personal guaranty provisions) in commercial leases...more
Over the next few months, landlords, real estate brokers, condominiums, and cooperatives (referred to as “housing providers” in this Alert) will likely face many issues and questions concerning their rights with respect to...more
Among the many economic repercussions of the COVID-19 pandemic, are commercial tenants who are unable or unwilling to pay rent. Although no one knows how long the pandemic will last or what government action, if any, will be...more