Legal

On May 28, 2025, the New York City Council passed the Rent Transparency Act (Intro. 1037-A) with a supermajority of 49 votes. This new legislation introduces signage requirement for owners of buildings containing rent-stabilized units. The Rent Transparency Act will take effect at the end of January, 2026. This client alert will summarize the law’s […]

There has been a substantial amount of office to residential conversion activity in New York City, and this conversion activity will transform the landscape of New York as such projects continue to come on line and accelerate. This client alert will highlight several notable conversion projects that have advanced or been announced, the effects of

On April 17, 2025, New York City Mayor Eric Adams signed into law a series of reforms to address the use and design of sidewalk sheds across the city. The new legislation, initially proposed under the city’s “Get Sheds Down” initiative, limits the duration of shed installations, tightens permitting rules, and introduces new penalties for

Know What Residential Lease Disclosures to Provide in 2025 New York City rents reached another record high in March, 2025. According to a Douglas Elliman report prepared by Miller Samuel available HERE, the median rent in Manhattan was $4,500. In New York City, Landlord obligations, also continue to increase. This client alert will address the 2025

What Businesses Need To Know About The Corporate Transparency Act As noted in past client alerts available here, here and here, Corporate Transparency Act (CTA) enforcement of the Beneficial Ownership Interest (BOI) reporting requirement has been repeatedly delayed beyond the original Jan. 1, 2025, deadline. Recent Developments On March 2, 2025, FinCEN announced a temporary suspension of proposed civil

Commercial leasing activity in New York City is increasing, with Q4 2024 being widely reported as the most active in office leasing transactions since the pandemic. Given the activity in the commercial leasing market, this client alert will address the basics of the Commercial Rent Tax (CRT) which can be a hidden cost to tenants.

New York has a well-known reputation for some of the most tenant-friendly laws in the country, and recent legislation has further enhanced tenant protections. New York City’s Fair Chance for Housing Act, also known as Local Law 24, was enacted at the beginning of 2024 and went into effect as of January 1, 2025.  The

The legal landscape in New York changes every year, and 2024 was no exception. In this client alert we will review some of our alerts of 2024 that highlighted these changes. Real Estate Board Of New York’s Real Estate Practice Revisions: At the beginning of 2024, REBNY prohibited listing brokers from paying a purchaser’s broker, among

Summary On December 26, 2024, the U.S. Court of Appeals for the Fifth Circuit has reversed itself and vacated the stay of a preliminary injunction that had blocked enforcement of the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) Reporting Rule. The decision can be found HERE. This latest development creates uncertainty around BOI reporting

Since the Fifth Circuit Court of Appeals decision issuing a stay of the preliminary injunction of the Corporate Transparency Act, the Financial Crimes Enforcement Network has extended the deadline to the BOI Reports until January 13, 2025. This is an update to our last client alert. Businesses can file their Beneficial Ownership Information (BOI) filings using the BOI