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Mineola Legal Blog

Getting paid for all hours worked, including overtime, is critical

The American dream for prosperity is not always a regular 9-to-5 workday prospect. Earning a living wage in many occupations can be difficult. However, workers are often required to put in extra work to earn their paychecks. Employers do not always pay workers the full balance of the wages they have earned. Some wage and hour violations may be the result of an oversight, while others may be intentional. Unfortunately, many workers continue to trudge through their work duties without a full understanding about their right to be paid for all of the hours they work, including their right to overtime pay.

Common Wage And Hour Violations

Laws in New York, as well as federal laws, set standards that employers must follow regarding wages and overtime pay. The Fair Labor Standards Act, (FLSA) for instance, sets forth rules for when workers must be paid for overtime. Some business either make mistakes or intentionally sidestep the law altogether to deny overtime pay, at the expense of hard working employees.

DAMAGES FOR VIOLATIONS OF THE LAW

Under the Federal FLSA, an employer will be liable for wages and overtime owed for two years, three years if it is proven that the employer acted intentionally.  Under NY's Labor Law, there is a six year statute of limitations.

In addition to payment for all wages and overtime owed, both Federal and NY law allow for 100% liquidated damages and attorneys' fees to the successful plaintiff.

To find out whether you have been deprived of overtime or wages, contact the Law Offices of Louis D. Stober, Jr., LLC

Commercial real estate transactions in Lower Manhattan soaring

The lower part of Manhattan in New York recently had its most robust quarter of leasing activity in the past seven years. Office space spanning nearly two million square feet was leased in this part of Manhattan during this year's second quarter. Research shows that the sectors of information and media, technology, and advertising contributed to most of the real estate transactions.

Multiple deals contributed to Lower Manhattan's strong second quarter in the commercial real estate market. J.Crew began to lease more than 300,000 square feet for the company's corporate headquarters in March. In addition, McKinsey & Company began to lease more than 184,000 square feet that month as well.

Buyers' offers in real estate transactions may be rejected

Making an offer on a home in New York can be an exciting experience, especially when aspiring buyers feel that their offers are solid. However, excitement can quickly turn into disappointment if their offers end up being rejected. Here are a couple of reasons why would-be buyers may see their offers rejected as they embark on residential real estate transactions.

First, sometimes buyers include too much information in their offer letters. For instance, a buyer may explain how he or she plans to remodel the home extensively if he or she ends up getting it. However, this may be an offensive statement to the seller if the seller has spent a lot of money and time remodeling the property over the past few years already. Therefore, it is critical that buyers who put together offer letters avoid saying anything that the seller may find insulting.

Real estate transactions involving vacant land can be lucrative

Purchasing commercial properties is certainly a wise way to invest one's money. However, these are not the only types of commercial real estate transactions that can be lucrative. A commonly ignored aspect of commercial real estate in New York and elsewhere is the purchase of vacant land.

To invest in vacant land wisely, it may behoove investors who purchase land to come up with a plan for generating money from that land while they wait for their land to undergo development. Some land purchasers use the land for paid parking. Meanwhile, others allow billboards to be erected on their land and charge for this. Still, others lease their land during the pre-development phase.

How can a telecommuting employee's hours be counted?

Many employees who telecommute are salaried. That is, they get paid the same amount whether they spend a day working six hours or nine hours.

On the other hand, some employers are reluctant to allow hourly workers to telecommute. These employers may think that hourly workers will put in for too much overtime or abuse the flexibility of working from home by, say, taking too many breaks. Employers also worry about how to track these employees' hours.

Buyer may engage in real estate transactions ahead of competition

Purchasing a house in New York is very much like participating in a race. After a listing is live, buyers must quickly check it out and submit their offers for it as soon as possible, which can be challenging in a competitive housing market. Here are a few tips for engaging in real estate transactions involving homes that have not even hit the market officially yet.

First, it may make sense to ask a real estate agent about the listings he or she is attempting to get. The mistake that many aspiring homebuyers make is that they ask only about current home listings. The reality is that the real estate agent may be in the process of trying to get sellers to sign on with him or her and could give potential buyers the heads-up about these sellers' homes.

Fair Labor Standards Act (FLSA) addresses minimum wage, overtime

Federal law establishes the minimum wage and overtime pay requirements that must be followed throughout the United States, including in New York. That law is known as the Fair Labor Standards Act (FLSA). Here is a look at what employees would be wise to know about this federal law.

Currently, according to the FLSA, the minimum wage in the United States is $7.25 per hour. Meanwhile, with overtime pay, a worker can be paid 1.5 times his or her regular pay rate when working more than 40 hours per week. The FLSA also states that companies must pay wages on the designated payday for the covered pay period.

More commercial real estate transactions may involve suburbia

Today's commercial property market continues to evolve. However, not everybody has managed to keep up. Those who fall under this category may unfortunately end up missing out on what the current market has to offer. Here is a look at an especially common myth regarding commercial real estate transactions today in New York and elsewhere in 2018.

A major misconception concerning the real estate market is that office locations in suburbia are no longer attractive, as employees and employers do not desire to be there. Some believe this because, for years after the Great Recession of 2008, urban centers increasingly became the go-to, hip and frequently desired office destination in the eyes of many companies. This trend certainly continues today, but that does not necessarily mean that employers who are looking for talent are ignoring suburban offices.

Real estate transactions occurring quickly, at higher prices

Homes in New York and other parts of the United States are selling like hotcakes these days. In fact, research shows that, on average, they sold in only 54 days. In addition, the median listing price in residential real estate transactions was $299,000.

The high median price for home listings this month is among the highest it has been in recent years. In addition, the 54 days that it took to sell a home this month is six days fewer than it was last June. In other words, the time that a house spends on a market has decreased 10 percent over last year at this time.

Real estate transactions involving leases can be dramatic in NYC

The commercial property landscape in New York will soon become livelier. After all, a live theater studio recently signed a lease that is set to last 15 years off of Broadway. This is one of the most dramatic real estate transactions involving leases to occur recently in the Big Apple.

Jeff Whiting, a well-known choreographer and director, decided to lead the venture with the theater community's backing. The deal will result in the biggest studio facility in the Big Apple for auditions and rehearsals, as well as support offices for large-scale Broadway productions. The lease is for more than 51,000 square feet occupying the Broadway building's 11th and 12th floors.

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