The Bottom Line The Guaranty Law provided protection to personal guarantors of commercial leases in New York City. However, a New York federal court decided on March 31, 2023, that the Guaranty Law violates the U.S. Constitution’s Contracts Clause.Commercial landlords and tenants in New York City Continue Reading
New York City’s “Guaranty Law” Remains Legal — For Now
The Bottom Line The Guaranty Law, enacted on May 26, 2020, provides strong protection to personal guarantors of commercial leases in New York City.While subject to an ongoing legal challenge, the Guaranty Law currently prevents certain commercial landlords from recouping unpaid rental arrears Continue Reading
Global Legal Chronicle | Taconic Partners’ Lease Agreement With Verizon
Mark Maltz and Lisa Segal-Bloom were mentioned in the Global Legal Chronicle article "Taconic Partners' Lease Agreement With Verizon". Continue Reading
Law360 | Reopened NY Courts Change COVID-19 Eviction Landscape
New York State Court Reopening Changes Landlord-Tenant COVID-19 Landscape
The Bottom Line Now that the New York State Courts are open for business, landlords have more flexibility in the type of default notices that they can send and they can start taking steps toward lease termination. Similarly, even during the eviction moratorium period, tenants must view any Continue Reading