What is the certificate of occupancy and why is it such a big deal?

… When youre buying in New York City one of the documents you will need to obtain is the certificate of occupancy which is sometimes … going to arrive so the developer or sponsor is doing their best to estimate incentivize and keep people in the …

By Evelyn Battaglia |October 7, 2025 - 2:00PM
What is a post-closing possession agreement and what are the risks for buyers and sellers?

… Melnick Darouvar Gershburg says most agreements are fairly short such as a week to 10 days although he has negotiated … does not vacate after the outside date she said  The legal term for these per diem costs is liquidated damages or … date outlined in the contract  … The difference between a lease and a license … Although it looks like the seller is …

By Brick Underground |July 16, 2025 - 12:30PM
What’s a condop? What do I need to know about buying there?

common hallways or laundry rooms What to know about buying or selling a condop in NYC Multiple boards add … development thats designated as a condop and built on leased rather than owned  land Read more about the ins and outs of buying in a  …

By Evelyn Battaglia |May 6, 2025 - 10:30AM
Understanding net effective rent: Here's how to calculate your real monthly rent

… When you search New York City rental listings you may see the term net effective rent or a higher rent amount called the gross rent This can … to figure out how much money youll be handing over to the landlord each month When landlords offer concessions like a …

By Jennifer White Karp |March 26, 2025 - 4:00PM