Rosenberg & Estis, P.C., has been working in this unique specialty since 1982. Managing member, Luise A. Barrack, is one of the leading experts in this area in New York City, along with member Jason R. Davidson.
Article 7-C of the Multiple Dwelling Law (the "Loft Law") allows for legal conversion of industrial and commercial buildings which have been illegally converted to residential use with or without the owner's consent. The Loft Law provides a mechanism to legalize these illegal dwellings in order to make them safe for residential use. There have been many amendments to the Loft Law, including the recently passed expansion of protection for tenants who lived in loft buildings for at least a year in 2008 and 2009.
We represent owners in coverage applications and the legalization process before the Board of Standards and Appeals (BSA), the New York City Loft Board and the Office of Administrative Tribunals and Hearings (OATH). In conjunction with loft legalization, we represent owners in applications for rent increases through which owners pass on the costs of code compliance to loft tenants.
Loft tenants have the right to sell their fixtures or improvements when they vacate their lofts, but they must offer the owner the right of first refusal. Our attorneys can represent you in the valuation of fixtures, as well as any other loft law matter.
For more information, please contact our loft lawyers.