The Big Apple: Many brokers express optimism

Renting out your apartment entails pitfalls that can be avoided by knowing them.

Once you rent out your apartment, you create a “landlord-tenant” relationship with your renter.

That relationship is governed by a set of very specific (and technical) laws enacted by New York State and New York City, notes blogger and real estate lawyer Ron Gitter, who is a friend of mine.

Those laws tend to favor your tenant, but the “Landlord-Tenant Part” of the Civil Court of New York City does offer a judicial forum, albeit not necessarily a speedy one, for resolving issues that can’t be settled by mutual agreement between the parties.

Condo owners need to consider an array of business related issues before they enter into a lease.

Firm’s analysis has New York City surging ahead of most others in many categories a decade and a half from now

Cities are regaining their previous glory, according to MicKinsey Global Insight, with New York poised to lead the pack. Continue reading

Weekly Roundup: Housing stats muddy waters

Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out the other of today’s posts and look for Out and About early next week.

Brooklyn Heights brownstone apartment that a late pugilist, mayoral candidate, author owned is on the market

Fashion designer with an elastic view of her Greenwich Village home stretches its boundaries

Co-op board twice rejects buyer hopeful of acquiring Astor apartment

Selling his duplex for 10 percent below ask suggests he may not be the greatest at everything

‘I wuz robbed,” TV detective might well cry

All-Star third basemen puts tricked-out loft on the market

Apartment at the Dakota caught author’s eye

Russian billionaire’s girlfriend learns that diamonds aren’t a girl’s only friend

Housing construction remains near historic lows, but Continue reading