New York Multiple Exception Affidavit
Definition and meaning
The New York Multiple Exception Affidavit is a legal document used in real estate transactions to clarify specific exceptions to title and ownership claims. This affidavit serves as a sworn statement by the affiant(s), verifying their identity and ownership of the property in question, while addressing potential issues that may arise from similar names, liens, or judgments.
How to complete a form
Completing the New York Multiple Exception Affidavit requires careful attention to detail. Follow these steps:
- Begin by entering the title number and premises address at the top of the form.
- Provide your full legal name as well as the name of any co-affiants in the designated sections.
- Fill in the sections regarding any other names you have used in the past ten years and confirm that there are no liens or judgments against you.
- Clearly state your ownership details, and affirm the absence of leases or rights to the property that could impact its ownership.
- Initial where required to confirm understanding and agreement with the statements made.
- Lastly, sign the affidavit before a notary public who will verify your identity.
Who should use this form
The New York Multiple Exception Affidavit is primarily intended for individuals or entities involved in real estate transactions, particularly when acquiring property or applying for title insurance. It is essential for those who wish to clarify title exceptions and ensure their ownership claims are undisputed. This form may be utilized by:
- Property owners
- Real estate buyers
- Real estate agents
- Title companies
Key components of the form
The New York Multiple Exception Affidavit consists of several critical sections that must be completed to accurately convey the intentions and facts regarding property ownership. Important components include:
- Affiant Identification: Clear identification of the affiant(s) stating their ownership and any previous names used.
- Judgments and Liens: Disclosure of any judgments or liens that may affect ownership.
- Ownership Declaration: Affirming the ownership status of the property in question.
- Possession Rights: Initials confirming there are no rights of possession to the premises.
- Notarization: A section for notarization ensuring the authenticity of the affidavit.
