A founding partner of a New York-based boutique law firm, Joseph Treff has experience with a wide assortment of real estate issues, including closing, financing, and title report review. Joseph Treff graduated from Brooklyn Law School with honors and is a member of the New York State Bar Association (NYSBA).
The nation’s largest voluntary state bar organization, the New York State Bar Association has over 74,000 members and remains dedicated to the same ideals it was founded on in 1876: professional courtesy, honor, integrity, and skill in the field. Open to lawyers who are admitted to practice in the state, NYSBA offers members a number of benefits, including a range of savings programs, law practice and career resources, professional development and networking opportunities, and continuing legal education (CLE).
With more than 225 CLE programs every year, the NYSBA offers courses that are fully accredited at every level on topics such as arbitration, mediation, and workers’ compensation. The organization’s CLE committee designs programs, products, and activities to meet the highest standards and most reasonable prices in the state. The NYSBA’s live programs are often provided as webcasts that are available for video replay to reach as many members as possible.
Admitted to practice law in the state of New York, attorney Joseph Treff handles cases at Treff and Lowy PLLC in Brooklyn. Joseph Treff serves as a partner and represents clients in commercial and insurance litigations as well as other real estate transactions.
Commercial properties include retail buildings, apartment complexes, and industrial infrastructures. Before acquiring a commercial property, the following should be considered.
1. Ownership requires maintenance and upkeep of facilities. A licensed professional is mandatory for fixing plumbing and working on electrical units, among other needs. Prior to signing a contract, a real estate owner should factor in the fees associated with property management, which can cost up to 10 percent of rent revenues, to ensure the expenses align properly with his or her financing.
2. Anticipating future expenditures, a potential owner must keep in mind necessary repairs associated with a property. For instance, a commercial property may require a new roof in the near future or a furnace replacement. Planning ahead is necessary to make sure the revenue gained outweighs the costs.
3. Commercial properties attract more visitors, increasing the risk of damages and injuries. From a customer slipping on ice in the parking lot to a property being broken into, an owner must be ready to handle any type of incident located on the premises.
Through his firm, Treff & Lowy PLLC, attorney Joseph Treff provides legal counsel to individual corporate real estate investors. Joseph Treff represents clients who are pursuing complex development projects and/or structuring partnerships or joint ventures. He has specific expertise in drafting real estate transaction agreements.
According to the American Bar Association (ABA), technology has empowered attorneys to compile transactional documents and send them more quickly to the appropriate parties. However, the ABA cautions attorneys to do a thorough quality review of documents before sending them to recipients. Proofreading a transactional document can help attorneys avoid errors that may be detrimental to their clients. Attorneys should always double-check key facts, such as names of parties, dollar amounts, and time periods, to ensure accuracy.
In addition, attorneys should clearly mark all early versions of documents as “drafts” to indicate that they are not yet ready for signatures. During reviews of drafts, using the track changes function in word processing programs can spotlight proposed revisions. Often, parties may be clear about a transaction’s major points after discussion, but a transaction agreement document may provide the first opportunity for review of details. Careful attention to details can produce the results desired by both parties.
A partner at Treff and Lowy, PLLC, Joseph Treff provides high-quality counsel to investors who are involved in all aspects of real estate development, financing, and syndication. Outside of the office, Joseph Treff maintains a desire to help others. He supports a couple of Jewish nonprofit organizations.
Dedicated to helping Jewish families have opportunities to become active members of the community, maintains several specially developed programs that focus on family enrichment, education, and extracurricular activities. Functioning on an individual basis, the organization creates relationships with individuals, and finds the best resources possible to enrich the lives of those it helps.
Lawyer Joseph Treff has extensive expertise in the area of real estate law. At his Brooklyn practice, Joseph Treff advises clients in a variety of areas, including the formation of real estate partnerships.
When forming a real estate partnership, it is important to make sure all the key elements are in order and that the language of the formal partnership agreement is satisfactory. In order to do this, individuals who wish to enter into partnerships should seek the assistance of qualified attorneys before moving forward with any types of joint deals.
Before formalizing a partnership, the prospective partners should talk about a number of important subjects. These topics might include the amount of personal funds each member of the party plans to contribute and how the partnership plans to handle the costs of maintaining the property. In addition, the partners need to determine which partner is responsible for the day-to-day management of the property as well as each person’s unique role. The partners should also decide how to divide proceeds from the real estate investment. After they decide these matters in a way that is satisfactory to all parties, a lawyer can go through the agreement and look for potential problems before finalizing the document.
Attorney Joseph Treff practices real estate law in Brooklyn, New York. Among Joseph Treff’s areas of legal experience is the formation and structuring of real estate partnerships.
There are many reasons why real estate investors may decide to form a partnership. For example, it provides an opportunity for individuals to pool their resources. As a result, they enjoy greater bargaining and buying power. Additionally, having one or more business partners can provide an investor with additional opinions about a property and/or business strategy. For those who are relatively new to real estate investing, a partner can help provide a reality check about a property or provide valuable support and reinforcement. Additionally, each partner can bring their unique strengths, helping overcome weaknesses individuals might have alone.
However, despite the potential benefits of a partnership, people should carefully consider the legal aspects of a partnership agreement before going ahead with real estate transactions. Plan out each person’s contributions, and have a plan in place in case the partnership ends. A legal professional can be a great help during this process.
As a partner at Brooklyn, New York, law firm Treff & Lowy, Joseph Treff utilizes more than a decade of legal experience. Jeff Treff focuses his practice on providing counsel in such matters as real estate development, financing, and syndication.
Through Treff & Lowry’s Real Estate and Banking group, the firm represents clients involved in complex property transactions across the United States. Clients ranging from individuals to corporations have selected Treff & Lowry to furnish guidance in a range of real estate and banking matters, including short-term financing, inter-creditor relationships, loan restructuring, property sales, and many others. Companies in the financial industry, such as private equity groups, have also sought the firm’s assistance.
The attorneys at Treff & Lowy maintain a deep understanding of the real estate and banking sectors, which enables them to navigate the myriad issues that can arise during business transactions and minimize conflicts between buyers and sellers. To learn more about the Brooklyn firm’s Real Estate and Banking group, please visit www.trefflowy.com