In the thrilling arena of residential real estate, two challenges to New York’s rent stabilization law are awaiting a nod from the U.S. Supreme Court. Landlords of small apartments argue that recent changes strip them of property rights, while a coalition of multifamily stakeholders awaits a pivotal certiorari decision that could redefine the legal landscape. Fox Rothschild LLP’s Joshua Kopelowitz notes, “There’s more meat on the bone, and it’s more direct.” Will the court reshape the precedent on rent control?
Residential Real Estate Cases In 2024 : Broker Commission Antitrust Challenges
In the aftermath of a blockbuster $1.78 billion verdict in Missouri, alleging an antitrust conspiracy by the National Association of Realtors, a slew of copycat suits is shaking the real estate realm. From Texas to New York, property sellers are challenging allegedly anticompetitive commission payment schemes. Kartik Singapura warns, “There’s less and less properties for real estate agents to be able to market.” Could a ruling send shockwaves through the industry, reshaping the landscape for New York’s real estate agents?
California ‘Builder’s Remedy’
In a plot twist, a Santa Monica developer invokes the “builder’s remedy,” a decades-old housing law, to challenge municipalities failing to enact state-approved housing plans. Dave Rand of Rand Paster & Nelson LLP anticipates a legal showdown, stating, “We really need a court to come in and rule on the matter.” Will a California Superior Court decision set a precedent for developers seeking to override existing zoning?
Residential Real Estate Cases In 2024 : Enforcement of Airbnb Regulations
In the concrete jungle of New York, a legal battle unfolds as a landlord takes on Airbnb. A temporary restraining order, a violated order, and Airbnb claiming innocence – the drama escalates. Rosenberg & Estis PC attorneys argue, “It’s the landlords that are being hit with the fines.” The case may shape the future of Airbnb’s role in policing hosts and hold the platform accountable for regulatory compliance.
New York Foreclosure Law Limits
As the curtain falls on 2022, New York introduces the Foreclosure Abuse Prevention Act, triggering heated debates. McCarter & English LLP’s Adam Swanson thrusts the constitutionality of changes into the spotlight. Will a case probing the six-month window to refile foreclosure claims redefine the rules of engagement?
