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Lux Law, P.C.

@luxlawny

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Real Estate Law Firm
NYC | Hamptons | Long Island | Upstate
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LUX ✨⚖️🔑 by @luxlawny

And that’s a wrap for the week. Quoted discussing client advocacy and professional boundaries.

#lawyermagazine #lawyerlife #nyclawyer #realestatelawyer #realestatelawyerny by @luxlawny

Peace of mind is the true Luxury provided by Lux Law✨🔑🕊️ by @luxlawny

NYC’s DOB violations amnesty, which the City calls the Debt Demolisher, is open through January 10, 2027. Each eligible judgment must be paid in full in a single payment.

#NYCRealEstateAttorney Attorney advertising. Not legal advice. by @luxlawny

New York City’s new pied-à-terre tax is an annual charge imposed on residential properties that are not used as a primary residence. The surcharge is in addition to the existing NYC property tax. Eligibility for the exemption is determined by who occupies the property and all affected owners must submit the application for exemption by October 6, 2026. To read more details visit our Blog.

#PiedATerreTax #NYCRealEstate #NYCRealEstate

Attorney advertising. Not legal advice. by @luxlawny

Another term worth knowing if you’re buying a co-op in New York: the Recognition Agreement.

If you’re financing the purchase, your lender will typically require 3 originals to be signed. It’s an agreement among you, your lender, and the co-op that recognizes the lender’s interest in your shares and proprietary lease and gives the lender certain rights if you default under the lease.

#NYCRealEstate #NYCRealEstateAttorney #CoopPurchase by @luxlawny

Where real estate meets private markets @investopedia

#Investopedia #RealEstateLaw #PrivateMarkets #openai

This post is for general informational purposes only and does not constitute legal advice. by @luxlawny

Southampton codified a ban on residential docks in Little and Great Peconic Bay. The ban is Local Law No 11 of 2026, codified as Town Code section 111-30.1. A further challenge may be expected in Court.

For informational purposes only. Not to be construed as legal advice.

#Southampton #PeconicBay #HamptonsRealEstate #WaterfrontProperty #RealEstateLaw by @luxlawny

While NYC declined to ease its short-term rental restrictions for the World Cup, the Town of Southampton carved out an exception for the U.S. Open.

This is not a legal advice.

#Hamptons #Southampton #USOpen #ShinnecockHills #HamptonsRealEstate by @luxlawny

Cantero v. Bank of America exists because BofA (and others) refused to pay the 2% interest New York has required on mortgage escrow since 1974. The lawsuit was an attempt to force them to start. The court ruled for the banks.

#NYRealEstate #NYCRealEstate #hamptonsrealestate
#RealEstateAttorney #NewYorkLaw by @luxlawny

A rare way to bypass the co-op board interview and approval process.

The Sponsor is typically the original developer or a successor that retains unsold units in the building, which is why board approval is not required. by @luxlawny

A note from 2018 💐 same standards, elevated over time. by @luxlawny