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Suffolk New York Option to Purchase Package

Category:
Real Estate - Options
State:
New York
County:
Suffolk
Control #:
NY-P069-PKG
Format:
Word; 
Rich Text
Instant download
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Description

With this Option to Purchase Package, you will find the forms that are necessary to exercise a right to purchase property or require another to perform upon agreed-upon terms. In an option agreement, a party purchases the right for a certain time, by election, to purchase property at a stated price.


Included in your package are the following forms:


  1. Option to Purchase Addendum to Residential Lease

  2. Residential Lease Agreement

  3. Option For the Sale and Purchase of Real Estate - Residential Lot or Land

  4. Option For the Sale and Purchase of Real Estate - Residential Home

  5. Option For the Sale and Purchase of Real Estate - Commercial Lot or Land

  6. Option For the Sale and Purchase of Real Estate - Commercial Building

  7. Option For the Sale and Purchase of Real Estate - Farm Land

  8. Option For the Sale and Purchase of Real Estate - General Form


Detailed information on forms included:


  1. Option to Purchase Addendum to Residential Lease - This Option to Purchase Addendum to Residential and Lease Agreement is entered into by and between the lessor and the lessee. The lessor agrees not to offer the residence for sale to anyone during the term of the lease, and to give the lessee (tenant) the option to purchase the residence at any time prior to the expiration of the lease, provided the lessee gives notice of intent to purchase in accordance with the provisions of the Addendum. At that point, a separate contract of sale will be executed and the sale will proceed as any sale would.

  2. Residential Lease Agreement and Option to Purchase - This Residential Lease Agreement and Option to Purchase is entered into by and between the lessor and the lessee. This agreement provides that the lessor will rent to the lessee a personal residence located at the address listed in the agreement. The lessee is responsible for paying rent on a monthly basis and the premises must be used as a private dwelling and for no other purpose.

  3. Option For the Sale and Purchase of Real Estate - Residential Lot or Land - This form is for an option to purchase a residential real estate lot or tract of land. It provides for the payment of option money and the procedures for exercise of the option.

  4. Option For the Sale and Purchase of Real Estate - Residential Home - This form is for an option to purchase a residential home. It provides for the payment of option money, sales price, and all terms of the agreement.

  5. Option For the Sale and Purchase of Real Estate - Commercial Lot or Land - This form is for an option to purchase a commercial lot or land. It contains provisions for the payment of option money and other terms of the transaction.

  6. Option For the Sale and Purchase of Real Estate - Commercial Building - This form provides a buyer with an exclusive and irrevocable option to purchase residential real estate, specifically a commercial building.

  7. Option For the Sale and Purchase of Real Estate - Farm Land - This form is for an option to purchase farm land and includes all terms of the transaction.

  8. Option For the Sale and Purchase of Real Estate - General Form - This form is adaptable for general use as an agreement to purchase an option on real estate. Provisions for all relevant details are included to be adapted for use in a particular transaction.

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How to fill out New York Option To Purchase Package?

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FAQ

Getting a Judge Assigned to Your Case (Supreme and County Court RJI) Supreme Court cases are not assigned to a Judge until one of the parties files a Request for Judicial Intervention (RJI) form and pays the filing fee.

The $300 docket fee may be paid by personal check, cashier's check, money order, or certified check made out to ?Clerk, U. S. Supreme Court.? Rule 38(a). Do not send cash.

By going down to the court clerk's office and paying a fee, you can request and obtain a copy of the probate file of the decedent. If you don't live in the area, you can call the court clerk, and if they will not provide the information, you can hire a New York attorney to go to the Court to retrieve the file.

Typically 9 months. Estate settlement (also known as estate administration) is the phase during which you, as the court-appointed executor, must collect the estate assets, organize and pays debts, and file all final taxes.

The Surrogate's Court for Suffolk County can be found at 320 Center Drive, Riverhead, NY 11901. The main phone number for the court is 631-852-1746. The phone number for administration of small estates is 631-852-1713 and the number of the guardianship department is 631-852-1735.

The answer is that, in New York, there is no statute of limitations on probating a will. In fact, I have probated wills which belonged to a decedent who had passed more than 25 years prior. However, it is generally advisable to do file and then probate a will as soon as possible.

Most probate matters take between several months to three years to resolve, for an average of about 12 to 15 months.

Court Fees in the New York City Civil Court ServiceAmountStatutory AuthorityFiling a Consumer Credit Transaction$140.00NYCCCA 1911(b-1)Filing first paper, etc.$45.00NYCCCA 1911(b)Filing infant's compromise$40.00NYCCCA 1911(c)Filing notice of trial$40.00NYCCCA 1911(d)18 more rows ?

Wills are a confidential document until the person dies. Once the Will is admitted to probate or a small estate, it becomes a public document that anyone can see and read.

COURT FEESNote of Issue (no prior RJI)$125Note of Issue (prior RJI paid for)$ 30Calendar Number, Uncontested Matrimonial$125Jury Demand$ 659 more rows

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