The Real Property Law Section currently has more than 3,500 members and, in 2022 and now in 2023, has been aggressively promoting its younger members to leadership positions. Each of our more than 20 substantive committees will soon have three co-chairs instead of two, creating many opportunities for advancement and succession in the years ahead. Additionally, we … Continued

The COVID-19 pandemic caused many Americans residing in large cities to purchase vacation homes in places that are less congested or otherwise considered vacation areas. For example, many New York City residents have purchased homes in the Hamptons, the Jersey Shore, the Adirondacks and even more distant places such as Florida and Arizona to escape … Continued

Jeanne Roig-Irwin is a partner in the Clifford Chance Real Estate Group and focuses on complex real estate acquisitions, financings, and joint ventures. Her work also includes representing real estate developers, banks, funds and REITs in real estate dispositions, leasing and other real estate transactions. Q: What sparked your interest in real estate law? I … Continued

New Yorkers are accustomed to traversing city sidewalks protected by wooden sidewalk sheds and metal scaffolding. But many New Yorkers are probably unaware of the complicated regulations, acrimonious negotiations, legal battles, and related costs that can sometimes be involved to simply install such required safety measures, especially when they must be installed, in part, on a … Continued

The form of contract of sale currently used throughout New York State for the sale and purchase of a cooperative apartment was approved in 2001. Recognizing that the form no longer adequately addresses the needs of practitioners in the field—or that of their clients—and with the aim of better reflecting current laws and customs, a … Continued

Introduction In the wake of the Great Recession, while the economy was still reeling, mortgage defaults reached a historic high. In the blink of an eye, banks across the nation folded and fell into receivership or were absorbed by other larger banks that remained afloat with government assistance. What followed was an avalanche of foreclosure … Continued

In the conclusion to my recent article on caveat emptor in this journal,1 I noted a theoretical gap for real estate purchasers in the doctrine of caveat emptor where the seller had knowledge of a condition defect and the purchaser and its inspector were unable to detect it. I noted that some states had plugged this … Continued

Until recently, real estate with a small footprint—one-to-four-family homes as well as small retail, office, and industrial buildings—was generally within the purview of small investors who invested locally. Today, because of technological advances, these owner-occupants and investors face competition from an emerging class of decentralized finance (DeFi) investors.1 Fintech companies are presenting DeFi investors with new … Continued

The collection of the legal fee component of a mortgage foreclosure action can often be a meaningful pursuit. This is especially so in substantial commercial foreclosure actions, perhaps less compelling in residential cases, although the importance can be elevated if the latter are heavily litigated. The award of legal fees is made in the judgment of foreclosure … Continued