Elad michael,
Real Estate Lawyer
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NYC Real Estate Attorney Insights, Legal Updates, and Investment Tips
Stay informed about New York City real estate laws, investment opportunities, and legal strategies with articles written by Elad Michael, NYC real estate attorney.
Understanding the Good Guy Guaranty in NYC Commercial Leases
2025-07-26 10:51
Understanding the Good Guy Guaranty in NYC Commercial Leases If you are negotiating a commercial lease in New York City, chances are you will come across a term called the Good Guy Guaranty. Despite its informal name, it carries significant legal and financial implications, particularly for small business owners, startups, and landlords throughout Manhattan and the surrounding boroughs. This article explains what a Good Guy Guaranty is, how it functions in commercial leasing in NYC, and what both landlords and tenants should watch for when negotiating this important lease term. ...
Understanding New York's Good Cause Eviction Law: What Tenants and Landlords Need to Know
2025-07-13 11:06
Understanding New York's Good Cause Eviction Law: What Tenants and Landlords Need to Know New York's newly enacted Good Cause Eviction Law (effective April 20, 2024) (“GCEL”) significantly changes the landscape for both tenants and landlords in unregulated housing. For the first time, many tenants in market-rate apartments now have protection against unjust evictions and excessive rent increases. In effect, the GCEL imposes rent-stabilization-like obligations on landlords, requiring them to renew leases unless they can demonstrate “good cause” for termination. This article breaks down the...