Federal and New York courts have long recognized a doctrine of what's called "constructive termination."
When negotiations are over, it is easy to think the hard part of a real estate transaction is over. However, one important step remains that holds many parts: closing.
Just last week, Uber drivers all over the country went on strike. They protested their low pay and called for more benefits. After all, they were the ones providing Uber with their most essential services. So, they believed that the company should treat them as employees instead of contractors.
The Department of Labor announced a proposed rule change last month that could help employers better understand their obligations towards workers they “jointly” employ.
Partition actions divide a piece of property between multiple people with ownership interests. The division happens one of two ways: The court decides on a physical division of the property (partition in kind), or the property is sold, and the proceeds divided between the owners (partition by sale).
Sometimes it seems like the process of buying a home never ends. Even when you’ve completed all your mortgage paperwork and the seller has accepted your offer, there are still factors that can cause the deal to fall through.
In a previous post, we discussed how real estate agents show they were the “procuring cause” of a transaction – and thus entitled to their commission. Today, we cover one of the ways an agent can recover their commission: Liquidated damages outlined in their contract.