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

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