Articles

Lease Audits: Adding Value in Troubled Times

Keep costs under control is to perform an audit of your landlord’s compliance with various provisions under your lease. Tenants should carefully examine the operating expense provision or common area cost provision within all of their leases and then use their audit rights to verify that they have been properly charged.

• Published: June 26, 2009
• By Mark Morfopoulos
• Real Property Law

Negotiating Garage Leases in the Big City

Parking garage leases in apartment or commercial buildings within cities are specialty leases and tenants and landlord need to know how to negotiate them

• Published: April 26, 2009
• By Mark Morfopoulos
• Real Property Law

Tax Law Changes for New York LLCs and LLPs

For tax years beginning after 2007, LLCs and LLPs that are treated as partnerships for federal income tax purposes and have New York source gross income will have their New York filing fees calculated according to their source income for the tax year immediately proceeding the tax year for which the fee is due.

• Published: March 19, 2009
• Business Law

Tenants Watch Out! Seven Ways SNDA Agreements Can Modify Your Lease

Subordination, Non-Disturbance, and Attornment Agreements (an SNDA) can serve to amend a tenant’s retail, office or industrial space or ground lease and affect the rights of a tenant, landlord or lender.

• Published: March 15, 2009
• By Mark Morfopoulos
• Real Property Law

Owners of Multiple Dwellings Beware! File On-Line Or Incur Penalties

New Jersey Multiple Dwelling landlords and Owners must file annual reports online or face penalties

• Published: February 12, 2009
• By Mark Morfopoulos
• Real Property Law

Tenants Beware! Lenders Rewrite Leases Through SNDA Agreements

Lenders use Subordination, Non Disturbance and Attornment Agreements to rewrite or amend leases and tenants, when a lawyer or attorney negotiates an SNDA for a retail, office or industrial lease should watch out for how the lender to its landlord uses the loan to make changes to the real property lease.

• Published: January 18, 2009
• By Mark Morfopoulos
• Real Property Law

New Jersey Landlord’s Guide to Disposing of Property Abandoned by a Tenant

New Jersey Landlords must follow abandoned property laws when disposing of a Tenant’s abandoned property when the real property lease is terminated and lawyers and attorneys who deal with shopping center, office or industrial leases must know about property left behind when the tenant leaves the demised or leased premises.

• Published: January 18, 2009
• By Steven Gellerstein
• Real Property Law

The Art of “Convincing” a Utility Company to Relocate its Lines Underground—A Developer’s Tool

When a developer wants to have above-ground utility lines moved underground, its municipality may be able to help.

• Published: December 21, 2008
• By Mark Morfopoulos
• Real Property Law

Ordering Title Searches When Negotiating a Lease: Is the Failure to do so Malpractice?

Beware - an attorney’s failure to order a title search in connection with negotiating a client’s lease may be malpractice.

• Published: December 21, 2008
• By Mark Morfopoulos
• Real Property Law

Professionalism Is An Asset: It Gets The Deal Done

Achieving an agreement which is a win, win deal for all. Being professional, courteous, and prepared is the best way to represent any attorney’s client. Acting in a professional way when negotating leases, contracts, mortgages, agreements, and other legal documents gets the deal done.

• Published: December 21, 2008
• By Mark Morfopoulos
• Real Property Law