(516) 570-4016
MENU

Reena Gulati Blog

Understanding Title Insurance When Buying Real Estate in New York
When buying real estate in New York, it is important to consider whether or not you need title insurance. Title insurance is a form of insurance that protects the buyer and lender from any losses that may arise from defects in the title of the property. In New York, title insurance is not required by law, but it is highly recommended.
Read More

Did You Plan for HOA Fees in Estimating the Cost of Purchasing Your Real Estate?
When purchasing real estate in a community with a homeowner’s association (“HOA”), the buyer must assess these fees in estimating the cost of maintaining their property. Such a fee does not exist for single-family homes outside such communities. The HOA fee is mandatory. Once you acquire the property in the homeowner’s association, you are automatically a member of the association and subject to the HOA fee and/or assessments.
Read More

Co-ops in a Nutshell
Buying a co-op in New York City can be a daunting experience. However, if you are prepared and understand the process, it can alleviate some of the anxiety often associated with purchasing a co-op. There are a few things to keep in mind, depending on whether you are a buyer or a seller of a co-op.
Read More

Landlords, Are You in Violation of the New York Shared Meter Law?
What is a shared meter condition? It is when the utility meter that measures gas and electric or steam provided to a tenant also includes common areas that are the responsibility of the owner but are being billed on the tenant’s meter. This is in contravention of the current New York Shared Meter Law. Shared meter conditions can arise accidentally or intentionally. Either way, they are not permissible. The shared meter condition must be eliminated, or the meter must be placed in the name of the owner/landlord and the owner will remain responsible for all charges. This law cannot be waived by the tenant, owner, or utility company. Shared meter conditions are contrary to public policy.
Read More

Three Things to Know About Solar Panels & Selling Your Home
Solar panels are a good source of energy and good for the environment. However, they can wreak havoc with the closing process if they are not fully owned by the seller.
Read More

  • Page 2 of 4
  • 1
  • 2
  • 3
  • 4