Get Sample Effectiveness Affidavit Form E-1 - Ag Ny

Filling out the Sample Effectiveness Affidavit Form E-1 - Ag Ny is a critical step in ensuring compliance with New York regulations regarding cooperative and condominium conversions. This guide provides clear, step-by-step instructions to assist users in completing the form accurately and efficiently online.

Follow the steps to successfully complete the affidavit form.

1. Press the ‘Get Form’ button to obtain the Sample Effectiveness Affidavit Form E-1 - Ag Ny and open it in your preferred online editor.
2. Begin by filling in the name of the person who is the principal of the sponsor in the designated space. This includes providing their position and the name of the sponsoring entity.
3. Enter the address of the premises associated with the conversion plan in the specified field.
4. Record the date when the offering plan was accepted for filing by the Department of Law. Use the month, day, and year format.
5. Input the presentation date of the plan, ensuring to provide it in the month, day, and year format.
6. In this section, confirm that all listed subscribers or purchasers are bona fide purchasers and not purchasing on behalf of the sponsor. Attach necessary agreements.
7. Indicate any subscriptions or purchase agreements that have been assigned or transferred in accordance with related regulations.
8. Fill in the statement regarding any undisclosed material changes to the budget for the first year’s operation.
9. List any subscribers or purchasers who are related to the sponsor or principal. Include their names, units purchased, and the nature of their relationship.
10. Identify subscribers or purchasers counted to meet the required 15% threshold for plan effectiveness. Provide their details and current occupancy status.
11. Explain any discrepancies if the deposit amount on any subscription agreements is less than required.
12. Confirm that all counted subscriptions are from bona fide tenants or purchasers who intend to occupy the unit.
13. Reiterate that no subscribers counted are sponsors or principals unless verified as bona fide tenants or purchasers.
14. Complete the affirmation section by stating the name of the principal and noting that the Department of Law will rely on the provided statements.
15. Finally, sign the form before a notary public, ensuring all required details such as the date of signing are correctly filled.
16. After completing the form, you can save changes, download a copy, print, or distribute the affidavit online as needed.

Get started on filing your Sample Effectiveness Affidavit Form E-1 - Ag Ny online today!