Adam Leitman Bailey, P.C. serves as general counsel to over 500 cooperative and condominium buildings in New York City and its attorneys have been on the forefront of many of the legal issues confronting cooperatives and condominiums for over a generation. Adam Leitman Bailey, P.C. was built to serve the needs of cooperative and condominiums by hiring the best attorneys for every issue where a building may require counsel. Besides the firm’s general corporate representation, Adam Leitman Bailey, P.C. has revolutionized the condominium/cooperative representation using its progressive methods such as:
- Reducing common charges/maintenance while building a reserve system
- Inventing and devising an agreement/process to quicken foreclosure process to either get common charges paid or the property into new unit owners hands
- Lowering expenses by negotiating better contracts, mortgage refinance terms, credit line acquisitions
- Seizing upon new laws that allow savings for using certain materials or standards
- Ensuring that both the building and the board are adequately protected using its insurance attorneys combined 60 plus years of insurance experience
- Revising and upgrading outdated corporate documents inhibiting a building’s effectiveness in governing itself and its residents’ conduct
- Creating offering plans, bylaws and house rules that anticipate and prevent problems as well as provide for a amicable and smooth process for governance
Aggressively pursuing avenues of revenue, tapping grants from local and federal governments, utilizing tax breaks and grants, following programs to efficiently manage a building and pursuing other programs and techniques, Adam Leitman Bailey, P.C. has enabled its clients to become models of management profiled in The New York Times and Habitat Magazine for their policies.
These methods and others have enabled Adam Leitman Bailey, P.C. to achieve record breaking savings and successes for cooperatives and condominiums. In one case, Adam Leitman Bailey, P.C. got a cooperative client a record breaking $21 million grant from the combined resources of city, state, and federal governments.
Full Service Real Estate Firm
The firm’s attorneys have over 80 years combined experience representing cooperatives and condominiums in New York. The firm’s proprietary leases, offering plans and bylaws have been lauded as the industry’s best. Adam Leitman Bailey, P.C.’s model laundry room lease has been adopted as the model lease by the real estate community and Blumberg Forms.
As either general or litigation counsel for cooperatives, condominiums, HDFCs, and shareholders/unit owners, Adam Leitman Bailey, P.C. prides itself on its ability to assist all buildings, unit owners, and shareholders with their real estate needs. The satisfaction of its clients comes from its ability to give practical advice, and to guide prudent decisions, giving full weight to both legal and business and economic considerations. With regards to cooperative and condominium litigation, the firm’s success comes from its ability to win at trial, obtain favorable settlements, and to prevent situations escalating towards litigation.
Customer Service and the 24-Hour Rule
Client satisfaction starts with the firm’s customer service. The AV-rated and award-winning law firm responds to all emails and phone calls within 24 hours. Upon request, Adam Leitman Bailey, P.C. provides you with weekly or daily updates of all of your pending matters. Almost all of its attorneys live in the metropolitan New York City area, enabling them to attend building meetings and be available at your convenience. This responsiveness and hands on attentiveness allows the frim to prevent costly litigation by pinpointing potential issues before they become serious problems.
Litigation
As one of New York’s premier real estate litigation firms, Adam Leitman Bailey, P.C. has participated and prevailed in some of the most important condominium and cooperative cases of the new millennium, as reflected in numerous published and unpublished decisions on novel legal issues. The firm’s attorneys’ impressive success record in hundreds of trials places the firm’s performance among the very best in the profession.
Among these cases Adam Leitman Bailey, P.C. has achieved the following results:
Condominium & Cooperative Owner & Shareholder Representation
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Lorne v. 50 Madison Avenue, LLC
Lorne v. 50 Madison Avenue, LLC
65 A.D.3d 879 (Cite as: 65 A.D.3d 879, 886 N.Y.S.2d 1) Lorne v. 50 Madison Ave. LLC 65 A.D.3d 879, 886 N.Y.S.2d 1 NY,2009. 65 A.D.3d 879886 N.Y.S.2d 1, 2009 WL 2851987, 2009 N.Y. Slip Op. 06381 Simon Lorne et al., Respondents v 50 Madison Avenue LLC et al., Respondents, and Board of Managers et al., Appellants, et al., Defendants. Supreme Court, Appellate Division, First Department, New York September 8, 2009 CITE TITLE AS: Lorne v 50 Madison Ave. LLC...
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Adam Leitman Bailey, P.C. Lands Largest Condominium Settlement in New York History
Adam Leitman Bailey, P.C. Lands Largest Condominium Settlement in New York History
Sky View Parc Condominum, Queens In what has been hailed as “the city’s largest condo refund ever” (Curbed NY) and “a settlement likely to send shivers through the ranks of the city’s condo developers” (the New York Post), clients of Adam Leitman Bailey, P.C., have recovered 75 percent of $5 million in down payments on $50 million worth of luxury apartments. The agreement, which has recouped $3.69 million plus interest for 118 buyers at the massive Sky View Parc complex...
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Co-ops Weigh Who’s Nasty or Nice
Co-ops Weigh Who’s Nasty or Nice
The New York TimesBy: Motoko Rich June 12th, 2003 … Adam Leitman Bailey, a lawyer representing Mr. Pullman on some outstanding lawsuits and the sale of his West 67th Street apartment, said other co-op boards have asked him about moving against residents accused of, for example, subletting apartments without permission or running a bed-and-breakfast out of an apartment and advertising it on the Internet. One co-op wants to evict a resident who, among other things, harassed her neighbors, added a kitchen and a...
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Sinensky v. Rokowsky
Sinensky v. Rokowsky
Sinensky v Rokowsky 2005 NY Slip Op 07518 Decided on October 11, 2005 Appellate Division, Second Department Published by New York State Law Reporting Bureau pursuant to Judiciary Law § 431. This opinion is uncorrected and subject to revision before publication in the Official Reports. Decided on October 11, 2005 SUPREME COURT OF THE STATE OF NEW YORK APPELLATE DIVISION : SECOND JUDICIAL DEPARTMENT ANITA R. FLORIO, J.P. DANIEL F. LUCIANO PETER B. SKELOS ROBERT A. LIFSON, JJ. DECISION & ORDER...
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Kahn v. 230-79 Equity Inc.
Kahn v. 230-79 Equity Inc.
TRACEY KAHN, Petitioner-Tenant-Respondent, v. 230-79 EQUITY INC. AND MICHAEL RICH, Respondents-Landlords-Appellants, DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT, Respondent-Respondent. 570669/03 SUPREME COURT OF NEW YORK,APPELLATE TERM, FIRST DEPARTMENT 2004 NY Slip Op 50302U; 2 Misc. 3d 140A; 2004 N.Y. Misc. LEXIS 409 April 8, 2004, Decided NOTICE: [**1] THIS OPINION IS UNCORRECTED AND WILL NOT BE PUBLISHED IN THE PRINTED OFFICIAL REPORTS. PRIOR HISTORY: Landlords appeal from an order of the Civil Court, New York County, dated July 21, 2003 (Jerald...
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Anonymous v. 812 Fifth Avenue
Anonymous v. 812 Fifth Avenue
New York Law JournalDECISION Anonymous v. 812 Fifth Avenue, Defendants, 112418/09 Supreme Court, New York County, Part 2 Contracts New York Law Journal | 04-25-2011 Justice Louis B. York Decided: April 7, 2011 Decision/Order On or about March 3, 2009, Plaintiff Anonymous (“Plaintiff”), a Turkish citizen and resident, entered into an agreement with 812 Fifth Ave (“Defendant”) to purchase the lease and shares for a condominium apartment located at 812 Fifth Avenue in Manhattan. Pursuant to the purchase agreement Plaintiff put a down...
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Collections/Unpaid Common Charges/Maintenance/Foreclosures
Adam Leitman Bailey, P.C. provides one of the most outstanding cooperative landlord-tenant practices and condominium collection practices in New York City. Adam Leitman Bailey, P.C is one of four law firms with cooperative landlord-tenant practices in the entire state of New York to earn an AV® Martindale-Hubbell Rating and is the only law firm in the state of New York to have both an AV Rating and a lawyer with a Super Lawyer ranking. Adam Leitman Bailey, P.C. is the only law firm in New York City with cooperative landlord-tenant practice attorneys named by the internationally esteemed Chambers & Partners among “New York’s Leading Real Estate Lawyers. Chambers & Partners noted that Adam Leitman Bailey makes his “debut in the rankings following enthusiastic praise for his expertise in landlord and tenant litigation,” and hailed him as “a tenacious and confident litigator who is quick-witted in court and respected by the judges.”
The collective experience of Adam Leitman Bailey, P.C.’s team has been responsible for winning landmark decisions in cooperative landlord-tenant law and condominium unpaid common charges cases. The firm’s attorneys have won over a thousand cases in housing court, including over 250 appellate court cases, many at the highest court, the Court of Appeals. Besides participating in some of the most important landlord-tenant decisions during the past decade, our attorneys have written some 90 books on landlord-tenant law, including encyclopedias and the Housing Court Reporter, a twenty-five year collection, organization, and analysis of over 50,000 landlord-tenant cases used by most regular housing court practitioners and all landlord-tenant judges.
On the forefront of condominium foreclosure litigation, Adam Leitman Bailey, P.C. invented a plan and devised an agreement to either get unpaid common charges paid or to push the foreclosure process to save months and even years in the foreclosure process to get the unit into a paying owner’s hands and the chance of redeeming any equity in the home to pay outstanding common charges.
Awards, Rankings and Honors
The firm’s successes have led to the highest honors and awards from the bar and ranking organizations. The firm is the only cooperative condominium law firm under 30 attorneys that has received and AV® Martindale-Hubbell rating, Super Lawyers honors and selection into the Registry of Preeminent Lawyers. In addition, the firm’s success as cooperative and condominium general counsel earned it recognition in “Who’s Who in Real Estate” by Habitat Magazine.
During the past three years, the internationallyesteemed Chambers & Partners repeatedly selected Adam Leitman Bailey as one of New York’s Leading Real Estate lawyers, hailing Mr. him as a “tenacious and confident litigator who is quick-witted in court and respected by the judges.” Chambers & Partners noted that Adam Leitman Bailey is “an extraordinary practitioner who gets great results” quoting a client on his “ability to anticipate things before they happen.”
Real Estate Weekly noted that “Adam Leitman Bailey has made a name for himself with his success winning cases in the courtroom,” and that he is famous for his “condominium representation.” The New York Real Estate Journal declared Adam Leitman Bailey to be “one of New York’s best real estate attorneys.” The New York Times praised his “novel” strategy in one case and remarked that in another “Bailey fought on… grinding through excruciating detail and obscure Perry Mason moments.” After Adam Leitman Bailey’s firm used a forgotten statute to prevail in a landmark federal case, The Wall Street Journal quoted a prominent New York developer’s attorney calling the holding a “game changer” affecting real estate nationwide. Dateline NBC referred to Adam Leitman Bailey as “aggressive, tenacious and smart” in asking him to share his negotiating secrets on its nationally syndicated television program.
Related Resources:
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The Role of the Cooperative Transfer Agent
The Role of the Cooperative Transfer Agent
Transfer agents are responsible for the preparation, processing and distributing of the necessary paperwork required in connection with the transfer of ownership of a cooperative (co-op). A cooperative transfer may be the result of a marriage, divorce, trust, estate, name change or most commonly, a sale. A role of the transfer agent which carries much legal importance is the cancelling of the old stock certificate and proprietary lease and the issuance of new ones. The transfer agent may not transfer...
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