What is a post-closing possession agreement and what are the risks for buyers and sellers?

… out that could mean entering into a postclosing possession agreement which allows a seller to remain in the apartment … date outlined in the contract  … The difference between a lease and a license … Although it looks like the seller is … theyve just sold the contract you sign is a license not a lease This is important Kessler said because the parties do …

By Celia Young |August 5, 2024 - 10:30AM
What are land-lease buildings? Are they common in NYC?

… rent the land from someone else These are called landlease or groundlease buildings yet another quirk of NYC real estate that … the deal is set up through the offering plan and the lease agreement … How long do the land leases run  … This is the …

By Evelyn Battaglia |December 4, 2023 - 12:30PM