News: Brokerage

A lawyer discusses unlicensed home improvement contractors

Any contractor performing home improvement work in most counties in the State of New York must have a home improvement contractor's license. While having such a license does not mean that such contractors are better or more qualified than others, it is a statutory requirement with strict consequences for failure to have such a license in the municipality where the work is performed. The license must be in place when the contract was executed, at the time the work was performed and when the lawsuit is filed. In fact, contractors are required to state in their complaints that they have such licenses. In other words, the contractor cannot commence a lawsuit, find out there is a problem, get a license and continue with the case or amend the complaint. One of the consequences is that if an unlicensed contractor sues the client for breach of contract or quantum meruit (the fair value of the work), it may be dismissed by the court. This may also apply to mechanic's liens, since there is no valid contract on which the lien may be based. Even licensed contractors are required to have signed home improvement contracts with their customers. There are a number of terms which must be included in such contracts. Thus, a contractor may be licensed, but still be in violation of the licensing law for failing to have the appropriate provisions in a contract. It is easiest to understand if you think of it as a consumer protection law. It is one of the topics I am often contacted about. C. Jaye Berger is the founder of Law Offices C. Jaye Berger, Manhattan, N.Y.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,