New York Deed Transfer Questionnaire

State:
Multi-State
Control #:
US-Q1010
Format:
Word; 
Rich Text
Instant download

Description

This form addresses important considerations that may effect the legal rights and obligations of the parties in a transferring real property with a deed. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorney's case evaluation and can significantly reduce costs associated with case preparation.



This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new client's needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.


The New York Deed Transfer Questionnaire is a comprehensive document that is used during the process of transferring property ownership in the state of New York. This questionnaire is designed to gather important information from the parties involved in the transfer in order to ensure a smooth and legally compliant transaction. It serves as a valuable tool for attorneys, real estate professionals, and individuals engaged in real estate transactions. Keywords: New York, Deed Transfer Questionnaire, property ownership, transferring, questionnaire, state, smooth transaction, legally compliant, attorneys, real estate professionals, real estate transactions. There are several types of New York Deed Transfer Questionnaires that may vary based on the specific needs of the transfer. These variations may include: 1. Residential Property Transfer Questionnaire: This type of questionnaire is used when transferring ownership of residential properties such as houses, apartments, or condominiums. It includes sections to gather information about the property, the buyer, the seller, and any potential liens or encumbrances on the property. 2. Commercial Property Transfer Questionnaire: For commercial properties, such as office buildings, retail spaces, or warehouses, a specialized questionnaire is required. This version will entail additional sections specific to commercial real estate transactions, such as lease agreements, zoning restrictions, and environmental considerations. 3. Co-op or Condo Transfer Questionnaire: In cases where the property being transferred is a cooperative (co-op) or condominium unit, a unique questionnaire is utilized. This questionnaire focuses on gathering details about the governing board or association, the unit's rules and bylaws, and any outstanding financial obligations related to the property. 4. Estate Transfer Questionnaire: When property ownership is being transferred as part of an estate plan or probate process, an estate transfer questionnaire is utilized. This questionnaire will gather information about the deceased owner, the estate executor, potential heirs or beneficiaries, and any legal or financial aspects related to the transfer. 5. Mortgage Transfer Questionnaire: In situations where a property is being transferred with an existing mortgage, a specialized mortgage transfer questionnaire is employed. This questionnaire requires information about the current lender, mortgage terms, outstanding balance, and any relevant financial or legal documentation associated with the mortgage. These various types of New York Deed Transfer Questionnaires cater to different aspects of property transfers and are tailored to meet the specific requirements of each transaction type. By utilizing the appropriate questionnaire, parties involved in the transfer can ensure that all necessary information is collected accurately and efficiently, minimizing any potential legal or financial complications.

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FAQ

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.

The fees involved in filing a quitclaim deed depend on the type of real estate being transferred. Filing a deed for a farm or residential property typically costs $125 and $250 for other types of property. There may be additional fees involved when filing your forms.

To change a deed in New York City, you will need a deed signed and notarized by the grantor. The deed must also be filed and recorded with the Office of the City Register. Transfer documents identifying if any taxes are due must also be filed and recorded with the City Register.

Who pays the tax. The base tax and additional base tax are paid by the grantor (seller), and such tax shall not be paid directly or indirectly by the grantee (buyer) except as provided in a contract between seller and buyer.

Sellers pay a combined NYC & NYS Transfer Tax rate of 2.075% for sale prices of $3 million or more, 1.825% for sale prices above $500k and below $3 million, and 1.4% for sale prices of $500k or less.

In New York State, a quitclaim deed is often the easiest and quickest way to convey the property, but it's not necessarily the best. This type of deed is often used to convey property between family members as a gift, as a result of divorce, or to place the real property into a trust.

If the deed is going to be recorded in the county clerk's office, it must include the addresses of both the grantor and the grantee. The deed also must be delivered to the grantee and the grantee must accept it, in order to transfer the property.

Form-RP-5217-PDF is required even if a property is not being sold and only the names are changing on the deed. Examples of non-sale transfers that require filing Form RP-5217-PDF, and paying the filing fee, include but are not limited to the following: marriage.

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If the property transferred is within a city, roll year information may be obtained by contacting the office of the local Assessor, County Director of Real ... May 18, 2023 — Follow the step-by-step instructions in Form RP-5217-PDF-INS, Real Property Transfer Report Instructions, to enter the appropriate information ...May 20, 2023 — Other forms you must file. Quitclaim deeds filed in New York City use Real Property Transfer Report (Form RP-5217NYC) and a Combined Real Estate ... Call 311 or 212-NEW-YORK (212-639-9675) to request a paper copy. Recording Fee or Transfer Tax Refund. You must pay the Real Property Transfer Tax (RPTT) on sales, grants, assignments, transfers or surrenders of real property in New York City. How to fill out Deed Transfer Template? When it comes to drafting a legal ... Download Deed Transfer Questionnaire right from the US Legal Forms web site. It ... This form addresses important considerations that may effect the legal rights and obligations of the parties in a transferring real property with a deed. Learn about deeds to real property and deeds law. If you need more help our staff can match you with a deeds transfer lawyer for a free consultation today. In counties outside of New York City, file a Real Property Transfer Report (Form RP-5217) with the county clerk along with the quitclaim deed. Quitclaim ... Jun 29, 2023 — The NYS and NYC transfer tax is paid on virtually all real estate transactions. Learn all the details in this post.

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New York Deed Transfer Questionnaire