Kings New York Title and Survey Affidavit is a legal document used in real estate transactions in the state of New York. This affidavit plays a crucial role in ensuring that the buyer receives clear title to the property and is aware of any existing encumbrances or survey-related issues. It provides a detailed description of the property, its legal boundaries, and any easements or encroachments that may impact its ownership. The Kings New York Title and Survey Affidavit typically includes important information regarding the property, such as its address, tax map identification number, and a thorough legal description. This description outlines the precise boundaries of the property, using metes and bounds or other accurate survey measurements. Moreover, this document discloses any existing encumbrances, such as mortgages, liens, easements, or restrictions that may affect the property's title. It serves as a declaration by the seller or owner of the property, stating that they are aware of any outstanding claims against the title and confirming that it will be conveyed free and clear to the buyer upon completion of the transaction. Kings New York Title and Survey Affidavit can vary depending on the specific requirements of the transaction or the title insurance company involved. Some variations may include specific clauses or addendums that further clarify certain aspects of the property or address unique circumstances. However, the fundamental purpose of this affidavit remains consistent — to ensure that the buyer has a comprehensive understanding of the property's title and survey-related matters. It is important to note that while the Kings New York Title and Survey Affidavit helps protect the buyer's interests, it is not a substitute for a professional survey conducted by a qualified surveyor. Instead, it aims to disclose any known issues that affect the property's title and survey, allowing the buyer to make informed decisions about the purchase. In summary, Kings New York Title and Survey Affidavit is a crucial document in real estate transactions in New York. It provides a comprehensive description of the property, outlines any encumbrances, and aims to safeguard the buyer's interests. Different types or variations may exist based on specific transaction requirements or involved parties, but all serve the purpose of ensuring a clear title and survey understanding before the completion of the deal.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.