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What Home Buyers & Sellers Need to Know in 2022 | PropertyShark

What Home Buyers & Sellers Need to Know in 2022 Last year, the COVID-19 pandemic continued to upend the home buying process, causing a historic, nationwide inventory shortage. And, while economists expect home prices to increase at a slower pace than they did in 2021, the ultra-low mortgage rates that homebuyers enjoyed last year are […]

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What To Do When You Spot An Encroachment On Your Property | PropertyShark

Here's what you can do when you spot a neighbor encroaching on your property.

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The Key Document: Title Reports | PropertyShark Feature

The Key Document: Title Reports When purchasing real property, buyers often hear the term “clear title.” But what does it mean to have a clear title? Well, buyers want to be sure that the property they’re purchasing is, in fact, what they have been told and what has been represented to them. Specifically, they need […]

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The New Markets Tax Credit Program – History & 2021 Revival | PropertyShark Feature

The New Markets Tax Credit Program – History & 2021 Revival Several provisions to revive the real estate industry passed as part of the latest relief bill (the Consolidated Appropriations Act), including tax incentive programs for investors. One of these incentives is the New Markets Tax Credit program (NMTC), which has been extended for an additional […]

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What The “Consolidated Appropriations Act – 2021” (CAA) Has In Store For Landlords & Tenants | Featured on PropertyShark

What The “Consolidated Appropriations Act – 2021” (CAA) Has In Store For Landlords & Tenants At the end of December, Congress finally passed a new COVID-19 relief bill called the “Consolidated Appropriations Act, 2021.” Along with a second round of PPP loans and emergency rental assistance, the legislation also contains several relief strategies that aim […]

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A Look Back at 2020: Major Real Estate Law Updates in NYC | Featured in PropertyShark

A Look Back at 2020: Major Real Estate Law Updates in NYC As 2020 comes to an end, Pardalis & Nohavicka reflects on a year that left the real estate industry with significant challenges that were met in equal force with creative solutions from industry players, as well as fluctuating legal changes. Here’s a look […]

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Subleasing Commercial Properties in New York | Featured in PropertyShark

Subleasing Commercial Properties in New York Midtown has notoriously been the center hub for office space in Manhattan — until now. While some companies had already begun to slowly embrace the idea of remote employment, COVID-19 has all but forced many businesses to dive into the deep end of work-from-home life. But, what happens then […]

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Understanding NYC Buyout Agreements | Featured in PropertyShark

Understanding NYC Buyout Agreements It’s safe to say that, in New York, tenant’s rights and landlord’s rights have shifted and adjusted drastically recently with the rent regulation laws that passed last year, and now especially, with the moratoriums and rent exceptions made during the COVID-19 crisis. Nevertheless, for rent-stabilized tenants, negotiating a sizable buyout with their landlord […]

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Proposed Tax Law Amendment in California Could Greatly Affect Commercial & Industrial Properties | Featured on PropertyShark

Proposed Tax Law Amendment in California Could Greatly Affect Commercial & Industrial Properties Since 1978, California has used the Proposition 13 tax system. Under the current property tax system, all property types, — whether residential, commercial or industrial — are initially taxed at a maximum rate of 1% of the purchase price for the property. […]

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NYC’s Personal Guaranty Suspension Expiring This September | Featured on PropertyShark

NYC’s Personal Guaranty Suspension Expiring This September The past seven months have not been easy for business owners. New York, in particular, has been hit hard with the effects of COVID-19, which has upended the way people shop, eat and do business, to name a few. And, while the news of indoor dining has sparked […]

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