ARTICLE
11 March 2015

New York Law Journal: Realty Law Digest - February 25, 2015

In his weekly Realty Law Digest column (subscription required), Scott Mollen analyzes two notable cases.
United States Real Estate and Construction

In his weekly Realty Law Digest column (subscription required), Scott Mollen analyzes two notable cases. In Matter of Mary Veronica Santiago-Monteverde, the New York Court of Appeals held that a bankruptcy debtor's interest in her rent stabilized lease is "exempt from her bankruptcy estate pursuant to NYS debtor and credit law [DCL] Section 282(2) as a 'local public assistance benefit.'" In 56 7th Avenue, LLC v. Sobel, the court dismissed a landlord's summary holdover proceeding based on alleged non-primary residence, citing that the tenant's absence relating to psychiatric problems was excusable being that a tenant had made several trips to a California hotel to transition back to independent living.

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