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Due to past irregularities, Clipper Equity was banned for life in 1998 from converting apartments to condominiums or co-ops in New York State. [4] [6] [5] Exceptions to this ban are made on an individual project basis. For example, Clipper Equity has been given permission to sell apartments it is renovating in Downtown Brooklyn. [citation needed]
The law requires that landlords act in "in good faith to take the unit permanently off the rental market" when withdrawing a property from the rental market. A family in Los Angeles successfully sued the landlord and, in a jury trial, won the right to remain in the rental, because they demonstrated that the landlord was not acting in good faith ...
Homes in Summit County, on average, sell for around $960,000, according to Zillow — far out of reach for many in the area like Beach. To help bridge the affordability gap, a program for ...
Selling vs. renting your home: Costs to consider. Both renting and selling a home will incur costs. One of the most important things to think about is whether the rental income you’d receive ...
15 major U.S. cities where home prices have risen the most in 2024 ... Mom of 5 Reveals Steep Rent for N.Y.C. Apartment She Uses for 'Storage' — Despite Having $12K Apartment Across the Hall ...
A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .
The letter also asked to have FHFA put in place rent protection for tenants living in properties financed with government-backed mortgage properties, which is more closely aligned with what the ...
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