Guzov’s Good Advice

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Watch out for wire fraud in real estate transactions

Watch out for wire fraud in real estate transactions

The New York Times recently reported that wire fraud has been on the rise in real estate transactions, especially with the rise of rapid-fire negotiations conducted online and via email. Victims of wire fraud have received detailed emails with instructions for wiring...

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Tips when it comes to holiday tipping

Tips when it comes to holiday tipping

It’s that time of year again.  As we enter the final stretch of the year, in addition to holiday gifts for loved ones and friends, apartment dwellers also have to consider holiday tips for their building staff.  Are you required to tip?  Usually not, but it’s an...

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Legal troubles with easements—and how to avoid them

Legal troubles with easements—and how to avoid them

An easement is a fairly common legal right to use or enter someone else’s property without having direct ownership rights. Oftentimes this type of arrangement will exist formally between neighbors, and in other cases there may be an easement allowing a local...

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What co-op owners should do when commercial leases expire

What co-op owners should do when commercial leases expire

Commercial spaces leased out to businesses are often a vital source of revenue for co-ops. However, as we have written about recently (see our October 4 blog), New York City has faced its own version of the “retail apocalypse” in the last few years, with Manhattan...

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