I have a lease with my landlord in NYC. He is selling the unit. Am I going to be pushed out by the new owner? I’m still ok till my lease termination date regardless right? I guess that’s all I care about.

likehelpful
Posting as :
works at
You are currently posting as works at

If you have a valid lease it will continue until expiry under the new owner. But there is no guarantee that the new landlord will renew it or, if so, increase the rent.

like

Barring express provisions to the contrary in your arrangement, a successor landlord will generally be bound by the prior landlords obligations.

Whether they honor those obligations in good faith is another story - IE if their goal is to bulldoze the building or do a full renovation its plausible they will attempt to push you out. In which case you could expect a buyout of the lease. But you'd see that coming I think

Related Posts

Genpact offered me 27LPA , however i am still to receive salary breakup. How much variable will be there in 27LPA?

like

I have a technical interview for business intelligence analyst position. This will be the first time interviewing with the company hiring managers and also my first data analyst job. I’m going to google common DA interview questions to prepare, however, how do you answer a technical question you do not know the answer to without it counting against you?

like

How to be an exceptional buddy to my intern?

like

Anyone watch the mayoral debate last night? Reading the recap, it seems like it wasn’t that interesting

like

Has anyone heard of RegenXbio?

like

Hi Fishes, Has anyone attended MAKE MY TRIP interview on the QA Automation side recently ? what kind of questions are being asked, any idea would be a great help

like

Anyone familiar with Attorney Advisor roles with the ALJ Office of the FTC?

like
like

Is anyone else pissed that our hard earned money wasn’t lost today, it was STOLEN by CORRUPT GREEDY HEDGE FUNDS

Anyways, not giving them the satisfaction. Gonna keep holding. Actually just bought the dips today for AMC BB NOK. Will keep holding for years if I have to because stocks eventually go UP📈📈📈 and ain’t no paper handed simp.

That is all
Obligatory🚀🚀🚀

like

Can anyone give me their honest opinion on working at Eli Lilly, the Indy site? I have a few coworkers that have worked there in the past but no one recently. I’m currently being recruited pretty seriously for a in-vivo technician position in the auto-immune team, but I already have a job lined up at Envigo as a small animal sx tech. Salaries would be comparable (Lilly would most likely be a little more with bonuses), but if the culture sucks, I’d hate to burn a bridge with Envigo.

like

What’s the best sign off party/event for a big-ish team with a large budget (about $150-$200 per person limit)?

like

What monetary goal/target are you telling yourself to hit before quitting big law?

like

How do y’all calculate a contract job? Speaking to someone that is hiring a producer from Aug-May. Not sure how I calculate my rate for such a long period of time??

like

Debt Finance nyc biglaw attorney considering a move to Houston for financial reasons. Can anyone tell what it would be like (the good and bad)? I see a lot of firms including mine paying the same salary and wonder what would I not like?

like
like

How hard is a career pivot from digital advertising to a product manager or even developer? I’m learning python 🐍 and at the point where I’m working on a pretty advanced project. I think having technical skills in combination with digital marketing can increase my net worth in the long run .

like

Which credit card do you think is the best for ME consultants?

like

Anybody on Trintellix? Thoughts ?

like

Infosys lateral - Experienced
Hello all,
I have given interview on 19th Nov 2022 and the same day, I received an email to upload some documents. Can someone tell me how much it would it take to move to the next step in the recruitment?.
The portal shows "Review in progress." Any input on this will be appreciated 🙂

Booz fish, how much do SCs make in federal cyber? I have 4 years exp in federal cyber but I don't think i'll be offered Associate... is six figures a possibility?

like

Additional Posts in Real Estate - Law

Looking for a bit of insight on how commission or bonus is structured on flat rate residential real estate at Canadian law firms. I was offered a good base salary and I was asked what type of structure I was looking for. I am uncertain as to what is considered standard or what to look for in terms of bonus/commission structure. Any insight is appreciated!

like

Do you review the other side’s escrow instructions and provide comments? 4 years in and I’ve never done this. Working for a new partner and she insists on doing so “in case there are competing instructions” but isn’t that the entire point of funding through an escrow agent/title company?

like

I am desperately trying to get an inhouse real estate position at Google, applied so many times and I am qualified, don't know how to get through all the people applying, anyone have thoughts?

like

How many different matters do you think you can competently work on before getting overwhelmed?

like

What are the top firms for RE in Seattle?

like

Conflicts check question: how much detail will I need to provide to (hopefully) new firm? I’ve been at the same place for a decade…so many transactions over the years! It will be easy enough to gather info by client matter number, but that doesn’t capture sub-entities and/or any other specifics.

like

Feeling better about myself after reading a 20 year old correction deed to insert "grants to" that had been left out of a quitclaim deed. And I thought *I* was moving too fast and missing stuff 😂

likefunny

Student housing property management company recommendations in Southeast?

like

When settling with a title company plaintiff on a subrogation claim, have any foreclosure defense counsel received settlements over and above policy limits? What is your typical settlement range? How has settling on your subrogation claim negatively affected your counterclaims against the mortgage lender if at all?

like

What happened to the ArentFox title policy limits? Is there an alternative?

like

A client developer group just told me they reached terms to “buy equity in a lease.” From what they’ve told me, if we were setting this up fresh, I’d do a new LLC and easily handle capital contributions, buy-sell, etc. in the new LLC agreement. However, here the partner had a long-term lease on the underlying RE that our group wants to develop as a concept. Lease assignment to new LLC is dicey, but I’m thinking maybe we set up a Mgmt services company to contract w/ the partner-tenant entity?

like

Guys, we’ve boy-who-cried-wolf-ed ourselves with wire cutoffs. I’m 90% sure they’re fake.

likefunny

Has anyone ever heard of this type of real estate private equity fund structure:

-One LLC, so only one PPM
-Multiple investors that can be onboarded anytime
-Multiple investments that investors can determine whether or not they want to invest in
-One K-1 per investor based on their investments and income
-Ability for the Sponsor/Fund to invest directly, indirectly and in equity, debt, Pref, etc.
To me this seems extremely cumbersome and would require multiple classes of (cont’d)

Question for anyone who may be able to answer.

We are looking to file something like an injunction injunction to stop a property sale. The property is owned by a sister and brother. Brother is deceased so it passed down to his children. The heirs bad no idea the aunt is trying to sell. Can we file some type of injunction?

like

Anyone work at Apple in LA in the real estate department that would be willing to connect with me?

like

Any recommendations for books/articles/other materials regarding development deals? I’ve been doing CRE transactions for years, but I just started a new role that includes a big development component. I’d love something that walks me through the major components of a development deal/explains when certain AIA forms get used, etc. (to supplement the training I’m getting from my boss)

like

Over a year ago, I lateraled from a firm doing mostly land use/development to a volume lender debt finance practice. By volume I mean I’m on 15+ deals a day. I don’t think this is for me….anyone have any other CRE practices that they enjoy? I’m thinking about jumping back to a borrower side practice, but curious to hear about other CRE associate experiences. Thanks!

like

Do you use a series LLC for real estate holdings? Why or why not?

like

Has anyone taken the CA brokers exam? Thinking about taking it as I enter my second year working in real estate.

like

Looking to work at a title company? Do they pay well and how prestigious is it? Are there any that are “better” than others?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal