This form is a Release and Cancellation of Trust Agreement / Trust Indenture. All liens and encumberances created thereby are certified to be satisfied and released. Adapt to fit your circumstances.
This form is a Release and Cancellation of Trust Agreement / Trust Indenture. All liens and encumberances created thereby are certified to be satisfied and released. Adapt to fit your circumstances.
In addition to the real estate transfer tax, New York State imposes a tax (commonly known as the “mansion tax”), for which the buyer (or “grantee”) is generally responsible, on conveyances of residential real property2 in the State where the consideration is at least $1 million.
Generally, land trusts will prevent real estate transfer taxes in states where transfer taxes apply.