June 12th, 2012
BlumbergExcelsior Inc., a leading supplier of online law forms, has introduced a new comprehensive sublease of a cooperative apartment in New York. The prominent real estate attorneys Adam Leitman Bailey, Leonard Ritz and Dov Treiman of Adam Leitman Bailey, P.C. drafted the sublease.
In announcing the new form, Bob Blumberg, President and CEO, said, “BlumbergExcelsior has sold millions of lease forms since we opened shop in 1887. Leases continually evolve and this new cooperative sublease may be the best and most comprehensive ever written.”
Messrs, Bailey, Ritz and Treiman are three of New York’s most prominent cooperative and landlord-tenant attorneys. Their writing credits include over 90 books reviewing every major cooperative litigation and eviction case in New York. They have participated in thousands of cooperative cases and evictions and provide corporate counsel to hundreds of buildings across the city.
This new lease form accounts for changes and developments in the law during the last three decades. The Cooperative Apartment Sublease, Blumberg Form 86, better protects and secures property owners’ rights and also adapts the lease to current technological changes affecting property owners. The sublease form includes provisions to facilitate the eviction of tenants who chronically pay rent late, harbor pets illegally or refuse to vacate after the termination of the lease. They also regulate acceptable noise levels including musical instruments and sound producing electronic devices; prohibit or regulate smoking; and include measures to decrease the proliferation and spread of mold.
Mr. Blumberg said, “Our legal team, in conjunction with prominent real estate attorneys from Adam Leitman Bailey, P.C., has put together the most remarkable lease agreements that will better protect cooperative unit-owning shareholders.”
BlumbergExcelsior Inc., established in 1887, is the leading supplier of paper and online legal forms in New York. Blumberg forms are respected by courts and attorneys for ease of use and the breadth of practice areas covered. Blumberg legal forms include more than one hundred landlord-tenant and real estate forms, many of them also authored by attorneys at Adam Leitman Bailey, P.C., power of attorney, DBA forms and hundreds more. Online applications include New York Incorporation and LLC formation online.