CRE Insider Blog
Welcome to the CRE Insider Blog, a source of info and insights from First American’s leading real estate experts.

Your Guide to the 2021 Real Estate Law & Customs by State

By First American NCS on May 24, 2021
Newly revised, this guide provides comprehensive real estate customs, laws, and guidelines in all 50 states. As a bonus, we’ve added the latest on eClosing RON status!
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Topics: Commercial News state by state guide real estate law and customs guide free guide

Impact of the Pandemic in New York City

By Mike Berey on March 24, 2021
A number of decisions were handed down on the impact of the Pandemic on commercial leases. New York City has enacted Local Law No. 55-2020, adding Administrative Code Section 22-1005 (“Personal liability provisions in commercial leases”), also known as ...
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Topics: laws for pandemic impact of the pandemic

Debtor’s Rights of Redemption from a Mezzanine Loan UCC

By Mike Berey on March 16, 2021
In Atlas MF Mezzanine Borrower, LLC v. Macquarie Texas Loan Holder LLC, 2019 NY Slip Op 04495, decided June 6, 2019, the Appellate Division, First Department, dismissed causes of action seeking an Order overturning a mezzanine loan foreclosure sale, on ...
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Topics: mezzanine loan

NYC Local Laws For Pandemic Upheld

By Mike Berey on February 23, 2021
In a decision dated November 25, 2020, the United States District Court for the Southern District of New York upheld the validity of three local laws enacted in response to the COVID-19 pandemic. The Local Laws are the “Residential harassment law” (Local ...
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Topics: New York laws for pandemic

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

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