A major publicly traded company holding numerous New York properties came to Adam Leitman Bailey, P.C. with a dilemma. Its landlord at a building in a major up and coming neighborhood alleged that the company had been neglecting the rental property for decades. As a result, the landlord was declaring forfeiture of the right to rent the property and putting potentially hundreds of employees in a position that they would have no desk to report to as the tenant company lost its leasehold. Rescuing the client entailed not merely building a legal position for the company that would convince a State Supreme Court justice to sustain the tenancy, but creating channels of communications within the client company, the Department of Buildings, the Environmental Control Board, engineers, various contractors, the adversary, and the courts.
Adam Leitman Bailey, P.C. assembled its own forces to frame the necessary documents and convince the landlord’s representatives that a legal battle would be lost and that Adam Leitman Bailey P.C.’s client was, through the Adam Leitman Bailey, P.C. sponsored plan in compliance with the lease’s requirements. During the negotiations, Adam Leitman Bailey, P.C.’s client gained the necessary time to put the rehabilitation plans in place and to effect the needed changes to the building. In the end, the building received a massive overhaul, dozens of violations were dismissed, and the landlord agreed that the client was in full compliance and a valuable tenant to keep in possession of the building.
Partners Adam Leitman Bailey and Dov Treiman and associate Joanna Peck represented the client in this matter.