45-47-49 Eighth Avenue LLC v. Conti: Interpreting the “Covid Period” and Personal Guarantor Liability

As we all know, the Covid-19 pandemic has hurt many businesses, especially those that were forced to close their doors or provide limited services for long stretches of time. Although New York City, the State, and the federal government have...
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A New Bill May Require Co-Ops to Explain Applicant Rejections

Currently, co-op boards have the authority to reject applicants without providing any explanation. While co-ops are required to follow the Federal Fair Housing Act and New York City Human Rights Law, which prohibit discrimination based on race, color, national origin,...
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New Bill Could Mandate Retail Lease Renewals in New York City

The termination date for many commercial leases in NYC could soon become more flexible. On April 29, 2021, Councilwoman Helen Rosenthal introduced a City Council bill (Int. No. 2299) which, if passed, would allow, amongst other things, for certain commercial...
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Real Estate Policies of NYC’s Top 4 Democratic Candidates for Mayor 

While we at BFK are split between vegan cheese or clams for our favorite pizza topping (if you are confused, see Mayor De Blasio explain ranked-choice voting here), we all agree that the New York City mayoral candidates’ real estate...
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How to Make a Non-Compete Agreement Enforceable in New York

A non-compete agreement can benefit an employer greatly. Non-compete agreements are legally-binding contracts or clauses in a contract in which an employee agrees not to work for a competitor in the same industry while working for your company and even...
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The End of the Commercial Eviction Moratorium is Near (Or is it?)

The End of the Commercial Eviction Moratorium is Near (Or is it?) If you rent New York City commercial space, the future has been constantly in question since the COVID-19 pandemic began. On March 20th, Governor Cuomo issued the initial...
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The Top Four Dangers of DIY Contracts for Small Businesses

The Top Four Dangers of DIY Contracts for Small Businesses  Contracts are an important tool for managing your small business’s relationships. Most business owners understand the importance of having contracts in place, but too often people assume that a contract...
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Three Things Tenants Should Know About Commercial Evictions

The COVID-19 pandemic has had a devastating effect on the New York City economy. Many businesses have fallen behind on rent, and some may have to deal with the possibility of an eviction in the coming month. Many of our...
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Co-op Memo: PPP Eligibility

A number of our clients have asked us to analyze whether Housing co-ops are eligible for the Paycheck Protection Program (“PPP”).1 On April 2, the Small Business Administration (“SBA”) issued its Interim Final Rule (“IFR”), meant to give guidance as...
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Financial Assistance Options for Small Businesses in New York Being Affected by Covid-19

We know that this is a scary time and that a lot of you have businesses that are being affected by the Covid-19 shutdowns. While this is a rapidly developing situation, we want to provide you with the most up...
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