Can a Manhattan Condo Building Dump Its 'Trump' Name? Such a Move Would Break a Licensing Agreement, Attorney Warns

Looking south along Riverside Boulevard at buildings of Trump Place (by Jim Henderson, via Wikimedia Commons)

Controversy is not only surrounding Donald Trump's second year into his presidency, but also the buildings in New York City that bear his name.

As reported by the New York Post, a condo building called Trump Place at 200 Riverside Boulevard could face a lawsuit on whether it can remove the 'Trump' name from its exterior.

The building currently carries the name following a licensing deal from 2000, according to The New York Times. The agreement described Donald Trump as “worldwide renowned builder and developer of real estate who enjoys the highest reputation in these fields among others.”

However, DJT Holdings,  a company affiliated with Trump, could extricate itself from the deal if the building goes bankrupt or stops being a condo, according to the licensing agreement.

Harvey Koeppel, a former resident at 200 Riverside, told the Times that a majority of the building's residents favored the name removal, based on an anonymous survey conducted from last February.

Read More...

Related Articles

Why Litigate When You Can Mediate?

Mediation Saves Money, Time & Stress

Doing it the Right Way

Establishing Protocols in Smaller Buildings

Inheriting a Co-op or Condo: What’s Involved?

There Are Issues When It Comes to Transferring Property

 

3 Comments