Lease Surrender’s Liquidated Damages Provision Held Unenforceable
By
Mike Berey on February 3, 2021
A lease between the Plaintiff, as landlord, and the Defendant, as tenant, was terminated. Under the Settlement Agreement the Defendant paid the Plaintiff $261,751.73. The Agreement also required the Defendant to make monthly “Surrender Payments” and ...
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Topics: liquidation landlord
New York Amends Laws Governing Powers of Attorney
By
Mike Berey on January 13, 2021
On December 15, 2020, New York State amended Title 15 (“Statutory short form and other powers of attorney for financial and estate planning”) of Article 5 of New York State’s General Obligations Law. Chapter 323 of the Laws of 2020 is effective on “the ...
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Topics: power of attorney
Right of First Refusal Not Triggered by a Stock Sale
By
Mike Berey on December 8, 2020
A lease to a part of certain property granted the tenant an “option to buy”. Notwithstanding this provision, and a “first option to buy” granted by the lease to a person not a party to this action, the fee owner - lessor’s sole shareholder sold her ...
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Topics: stock sale right of first refusal
Tips to Maintaining a Healthy Work-life Balance While Working Remote
By
Alex Weber on August 19, 2020
Maintaining a healthy work-life balance allows employees to balance between work and personal responsibilities. Creating a healthy balance will increase your productivity. A study by Lowe (2005) found that one out of four employees experiences high ...
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Topics: working from home remote work
What can we expect in the Industrial Market?
By
Stacie Jacobs on July 21, 2020
Supply chain disruption, e-commerce demand and inventory controls will all be leading drivers in stabilization of the industrial market. While there is a short-term stall in development, each of these factors will lead to long-term gains. Let’s take a ...
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Topics: Industrial Real Estate
Prohibition on Short Term Rentals Upheld
By
Mike Berey on June 30, 2020
In 2012, the Plaintiff, the Petitioner on appeal, purchased a single-family residence in the Town of Grand Island, in Erie County, for the purpose of renting it out for periods of less than thirty days. In 2015, the Town enacted Local Law 9 prohibiting ...
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