New York Contract For Land Related Services

State:
Multi-State
Control #:
US-OG-438
Format:
Word; 
Rich Text
Instant download

Description

The Contract For Land Related Services form, agreement is entered into by the parties shown on the execution page of this agreement, the parties are referred to as the Company and the Contractor. By the agreement, company engages the services of a contractor as an independent contract landman on terms and conditions.

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FAQ

(a) The following shall be exempt from payment of the real estate transfer tax: 1. The state of New York, or any of its agencies, instrumentalities, political subdivisions, or public corporations (including a public corporation created pursuant to agreement or compact with another state or the Dominion of Canada). 2.

California's Revenue and Taxation Codes calls for the payment of a County Documentary Transfer Tax on the value of all real property of which ownership is being transferred. All counties have the same tax amount, which is 0.11% of the value. The value is rounded up to the nearest $500 and then the percentage applied.

Sales of services are generally exempt from New York sales tax unless they are specifically taxable.

Combined Real Estate Transfer Tax Return, Credit Line Mortgage Certificate, and Certification. of Exemption from the Payment of Estimated Personal Income Tax. for the Conveyance of Real Property Located in New York City.

A New York land contract records the terms and conditions of real estate transactions involving the transfer of ownership of vacant land. The contract serves to document all established conditions ranging from the agreed-upon sale price to any supplementary financial contingencies.

The RP-5217-PDF Real Property Transfer Report (RPL Article 9, Section 333) is a one-part, downloadable, barcoded, pdf form used to document the information associated with real property transfers for approved counties.

The real property transfer report (RP-5217) fee is $125.00 for residential or farm properties. The real property transfer report (RP-5217) fee is $250.00 for commercial properties. The transfer tax affidavit (TP-584) fee is $5.00 or $10.00, depending on the county.

A3: Form RP-5217-PDF is required whenever a deed is recorded with the county clerk's office. Form-RP-5217-PDF is required even if a property is not being sold and only the names are changing on the deed.

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New York Contract For Land Related Services