According to a transcript of a video obtained by a law firm representing property owners in the suit, a Ginn salesman told a group of potential buyers at Bella Collina that "Lot 5 sold for $2.1 million this morning".
"Owners are basically absorbing what I would call a social cost," said Eugene Reisman, a lawyer who represents property owners.
A Sherwin Belkin, a Manhattan lawyer who represents property owners, said that generally, for a lease to be binding, there must be a written document signed by the parties, with the executed document delivered by the owner to the tenant.
A Sherwin Belkin, a Manhattan lawyer who represents property owners, said that in the absence of a lease signed by both parties, the writer would be entitled to a refund of the "nonrefundable" deposit.
A Martin Meltzer, a Manhattan lawyer who represents property owners, says that under the state's Real Property Law, a nonpayment proceeding can be brought against the tenant.
Tracey Goldstein, a lawyer who represents property owners in New Jersey, said that complying with the amendment imposed an "onerous burden" on the state's landlords and opened the litigation floodgates.
A Sherwin Belkin, a Manhattan lawyer who represents property owners, said that landlords were not required to simply accept tenants' trading apartments.
A Sherwin Belkin, a Manhattan lawyer who represents property owners, said that the "Warranty of Habitability" of the state's Real Property Law applies to housing whether the apartment is rent-regulated or not.
A Sherwin Belkin, a Manhattan lawyer who represents property owners, said that effective June 24, any apartment that was vacant or that becomes vacant, and for which the legal rent is $2,500 or more, is decontrolled.
A Sherwin Belkin, a Manhattan lawyer who represents property owners, said that because the certificate of occupancy was not amended and did not need to be, he would recommend continuing to treat the combined apartment as two apartments.
