Bricktionary

… not feel so happy when the see the phrase major capital improvements Thats the term used for upgrades that justify a … even in the middle of a lease The city defines an MCI as an improvement benefiting all the tenants in the building … replaces them after 25 years the estimated lifespan of this equipment not if the owner just installs new fixtures in the …

… on your homes value rather than the other way around These loans can help keep a senior in their home by giving them muchneeded cash in exchange for equity in their apartment But they can make it difficult for an heir to … on HECM loans are capped at $6000 according to NYSDFS and HUD … What are potential benefits … A reverse mortgage can …

… family member living in that most coveted of New York City apartments the rentregulated unit When they vacate the apartmentwhether they pass away move into assisted living or … else in New York inheriting a rentstabilized or controlled apartment isnt straightforward Succession rightswhich …

… York City own the land they sit on but a tiny percentage rent the land from someone else These are called landlease … yet another quirk of NYC real estate that buyers need to be aware of  In a lot of ways a land lease is just like … leases  Quay agrees saying he works with buyers as they see how the deal is set up through the offering plan and the …