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Reena Gulati Blog

How Do Interest Rates Affect New York Residential Leases?
Interest rates have a nuanced impact on residential lease agreements, necessitating adept legal navigation. An experienced attorney can assist landlords and tenants in understanding these implications and ensuring compliance with New York real estate laws.
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How Does Divorce Affect Your Estate Planning?
Divorce is not just a significant emotional upheaval; it also brings substantial changes to one's estate planning. As challenging as it may be, it's crucial to understand how a divorce can affect your estate plan and take steps to update and protect your assets and your legacy. If you are getting a divorce or recently divorced, here is what you need to know.
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Hidden Costs of Buying Real Estate in New York City
Purchasing real estate in New York can be an exhilarating but potentially daunting experience. The process involves considering more than just the property's purchase price. As a savvy homebuyer, it's essential to be aware of the hidden costs associated with buying real estate in New York City to avoid unexpected financial surprises. In this blog, we'll explore some of these expenses and provide valuable insights to help you make informed decisions.
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What You Need to Know About Subdivided Land and Property Taxes in New York
The process of subdividing land and assigning new tax lots in New York can be complex, particularly when it comes to understanding the implications for property taxes.rnrnSubdivision refers to the division of a parcel of land into two or more separate lots. In New York, the process of subdividing land is typically regulated by local municipal authorities, such as planning boards or zoning boards. The subdivision process involves obtaining necessary approvals, complying with zoning regulations, and adhering to specific subdivision requirements set forth by the local municipality.
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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.
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