Joshua Stein's Website: Ground Leases

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Joshua Stein

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Ground Leases 6 Articles and Other Items Found	Click Here for Some of Joshua Stein's Completed Matters (Ground Leases)
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A Guide to Ground Leases (With Forms And Checklists) [2005]
An organized presentation of all the important issues in any ground lease negotiations, featuring an "encyclopedia of ground leases" and a dozen sample documents and checklists.

Did the Sky Fall on Leasehold Mortgagees? (The Qualitech Case -- Five Years Later) [2009]
In 2003, the "Qualitech" decision struck fear into the hearts of leasehold mortgagees from coast to coast. Later cases confirm Joshua Stein's opinion at the time that the fear of "Qualitech" was overstated.

It Was Part of the Deal -- Ground Rent Resets in Battery Park City [2009]
On April 20, Crain's New York Business published an article expressing concern about how adjustments in ground rent would affect condominium owners in Battery Park City. Click anywhere on this paragraph to read Joshua Stein's comments in response, which appeared in Crain's on April 27.

Are Ground Lease Rent Reset Clauses Formulas for Disaster? [2007]
Long-term ground leases usually contain appraisal-based rent adjustments -- perhaps the single largest source of ground lease litigation. This article explains where the problems lie and how to prevent them.

Techniques for a Developer to Structure For-Sale Apartments in a Leasehold Project [2007]
Condominium developers typically sell units outright to end-users. But what happens if the developer only holds a long-term lease on the building? This article explores some techniques to sell apartments that are built on a leasehold.

How Much Protection Does a Leasehold Mortgagee Need? [2003]
A reasonable set of "leasehold mortgagee" protections. Written in (relatively) Plain English and without saying too much or too little.