If a building has tenants, those tenants are vital to the building's future -- either because the tenants are the building's source of revenue that needs to be maximized or because the tenants must be relocated for the building's future. Therefore, building owners should consider hiring Itkowitz PLLC to perform rent regulatory due diligence. You hire an engineer to make sure that the building is not going to fall down. However, a multi-family building is so much more than bricks and mortar. Indeed, we can look at a building and see it in a way that an engineer, architect, or transactional lawyer cannot - we see the tenancies at the heart of the building and any problems that come with them.
We charge a very low FLAT rate for this service. You are provided with a lengthy and understandable report. The process is also interactive and iterative. We help you form a plan for the building's future.
We refer to the process as "Due Diligence", but we can perform the analysis before a contract is entered into, during a due diligence period, or long after a property is purchased. We have performed this service for purchasers, sellers, owners, and lenders.
Via the Rent Stabilization Due Diligence Process, this is just some of what we examine:
We also frequently work closely with corporate counsel, real estate transactional counsel, and trusts and estate counsel who bring us in to consult on the rent regulatory aspects of their matters.
Read more about Rent Stabilization Due Diligence for Multi-Family Acquisitions in our booklet on the topic. And here is a dedicated webpage on the topic if you would like to share this section. http://www.itkowitz.com/due-diligence