If you own a business, you know that storefront space or just space to run the operations of your company can be hard to come by in New York City. Real estate is expensive, and you know that you need to protect your interests in every way possible when agreeing to a lease to avoid costly issues in the future.
Protecting your interests with a strong commercial lease
Commercial real estate property sold for a minimum of $300M
The owner of an office tower in New York -- specifically, Manhattan -- recently sold the property for a minimum of $300 million. Apparently, the company that sold the tower is based outside of the United States and is laden with debt. The conglomerate has been on the search for commercial real estate buyers globally.
Wills helpful for addressing digital assets
When asset owners in New York think of their important assets, money and real estate property often come to mind. Naturally, these are the assets that often end up in wills. However, many individuals neglect to consider other noteworthy assets as well, such as their Facebook accounts.
Maintaining residential real estate critical while selling it
Homeowners who are interested in selling their homes in New York may naturally assume they no longer have to worry about home maintenance once their homes are on the market. The truth is that completing maintenance tasks is just as important during the home-selling process as it is when one is living in the home. A few tips may help with maintaining residential real estate effectively when one's house is for sale.
Wills and other documents are critical parts of estate plans
Estate plans are simply collections of documents that spell out people's wishes in the event of their deaths. Wills are among the most important documents to include in estate plans. However, other documents that are often overlooked, such as the power of attorney, are just as essential to create in New York.
