Market Value is the Price of Holdover Tenancy
Client Alert | less than 1 min read | 10.12.10
A tenant has an implied duty to vacate at the end of the lease term and, when a contract does not specify the rate to apply, a holdover tenant must pay damages at the market lease rate. In J. Leonard Spodek, the PSBCA averaged the calculations of each party's expert appraisal after finding that one expert had understated and the other overstated the market rate.
Insights
Client Alert | 2 min read | 05.09.24
New York Enacts Paid Prenatal Personal Leave
Beginning January 1, 2025, New York employers will be required to provide employees with 20 hours of paid “prenatal personal leave” during any 52-week calendar period to attend prenatal medical appointments during or related to pregnancy. New York is the first state in the country to mandate paid leave specifically for pregnant employees. “Prenatal personal leave” is included in an amendment to New York’s budget, recently signed into law as Sections 196-b.2 and 4-a of the New York Labor Law by the governor and cleared by the state legislature.
Client Alert | 12 min read | 05.09.24
Client Alert | 5 min read | 05.08.24
