Location: 2nd floor auditorium
Course ID: C102312
Number of Sessions: 1
Credits: 3 MCLE Credits
3 MCLE Credits: 3 PP; Transitional and Non-transitional
For the past three years, owners and agents who own or manage tens of thousands of deregulated apartments in buildings throughout the City which received J-51 benefits have had to adapt to a new legal landscape after the Court of Appeals decided Roberts v. Tishman Speyer. Attorneys have had to make adjustments as well, as they attempt to stay abreast of the latest rulings from the courts, as Roberts is interpreted and applied to other cases on almost a daily basis.
Since the Roberts ruling in 2009, a seemingly endless array of court decisions have been issued on Roberts-related subjects, such as retroactivity, overcharges, treble damages, statutes of limitation, class actions, high-income deregulation, rent control, administrative practice, and so on. At the same time that these issues have been percolating through the courts, owners and managers have had to make time-sensitive business decisions regarding their buildings and, in particular, the tenants whose unregulated rents now presented a new and entirely unexpected potential liability. Those decisions range from whether to register those units as rent stabilized with recalculated rents, to whether to maintain the status quo or disturb the status quo and inform tenants accordingly. Overlaying all of these decisions would be considerations of the magnitude for potential liability or whether intervening rent increases for vacancy leases and individual apartment improvements negated most or all potential liability. Going forward, owners and agents have had to decide, based upon the finances of a given building, whether it continued to make good business sense to apply for J-51 benefits for building-wide improvements.
This program will enable owners, agents and attorneys to gain a comprehensive understanding of the developments that have transpired over the past three years and what lies ahead. The panelists will include the leading attorneys on this subject representing property owners and agents.
Program Co-sponsor: Rent Stabilization Association (RSA)
Faculty: Sherwin Belkin, Belkin, Burden, Wenig & Goldman; Robert Goldstein,Borah, Goldstein, Altschuler, Nahins & Goidel; Jeffrey Turkel, Rosenberg & Estis; Niles Welikson, Horing, Welikson & Rosen.
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