Real Estate Transactions

Residential and Commercial Real Estate Transactions

The Young Law Group, PLLC provides the following essential services to clients:

• Drafting of purchase and sale agreements
• Reviewing real estate contracts
• Reviewing of offering plans
• Reviewing the records at the Division of Housing and Community Renewal as to whether apartments are rent controlled, rent stabilized, or free market, and whether there are any overcharge actions pending.
• Reviewing whether there are any violations pending at the Department of Housing, Preservation and Development and how old any violations may be
• Reviewing whether there are any unpaid real estate taxes or unpaid HPD liens against the building
• Reviewing whether the building is properly registered with the Department of Housing, Preservation and Development, and with the Division of Housing and Community Renewal,
• Acquisition of residential property in New York
• Mortgages and real estate financing
• Title examinations (title and lien searches)
• Real estate closings


Condominiums and Cooperatives

The Young Law Group, PLLC represents purchasers and sellers of condominium and cooperative apartments, as well as condominium associations and cooperative boards, assisting either party in negotiating the terms of a sale, closing a transaction or clarifying and enforcing a parties’ rights.

Joint Ownership and Shared Ownership

Creates joint ownership with rights of survivorship or shared ownership agreements which seek to address and avoid potential disputes, and litigates partition actions for liquidation or transfer of jointly held properties.

Residential Leases and Subleases

Represents landlords in drafting and negotiating the lease terms, and likewise represents tenants in negotiating lease terms to balance the playing field, making the lease fair for both parties.

Commercial Leases and Subleases

Represents commercial landlords in drafting and negotiating the commercial lease terms. He also performs the due diligence involved in reviewing all tenancies and leases. Commercial buildings could have dozens if not hundreds of commercial tenancies with leases of varying terms. A landlord is able to secure mortgages on a building based in large part upon long-term leaseholds, so the value of a building is directly related to the long-term leaseholds that are in effect.

Construction and Improvements

Aids clients in securing approval for additions, renovations and other property amendments for rental, condominium or cooperative properties, as well as permitting for construction projects for homes and businesses.
 

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