News: Brokerage

Almost post-pandemic renovation by New Yorkers - by C. Jaye Berger

C. Jaye Berger

As the Pandemic seems to be slowing down, New Yorkers are showing that nothing can stop them or slow them down when it comes to renovations. Some people were stopped in the middle of their work when the pandemic began and are now getting back to it. Others, have given up on New York City and have headed to the Hamptons and Upstate to start renovating there. One person I often talk to in business now says he resides in California and works remotely with his clients in New York City.

Wherever you fit into the group of would-be renovators, the same rules about renovations still apply. You cannot dive into the deep end without having an attorney on your team who knows this area of the law and can review or draft the necessary contracts.

An architect client has a client chomping at the bit to commence a new multi-million dollar house. The contract must be negotiated and basic requirements met, before work can begin. Permits are needed, as well as surveys and technical reports on things such as soil reports. 

Even if it is only an interior renovation, there may be alteration agreements with co-op associations and insurance issues to lock in. Co-op buildings now require safety plans for workers.

Don’t rush to sign a contract and engage in demolition before you have worked out the design, materials and products to be used and the costs. If you don’t, the project will come to a screeching halt and you may the one creating delays and damages, since co-ops require work to be completed in a ceratin number of days or they can request daily delay damages.

C. Jaye Berger is an attorney and the principal of her own firm in Manhattan.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing