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To successfully file a quit claim deed in New York, you will need to fulfill a few essential qualifications: Written consent from both parties via Form TP-584 and Form RP-5217 (oral agreements do not qualify) Official notarization of forms. Payment of associated fees. Payment of any taxes owed on the property.
A deed transferring title to real property from the grantor to the grantee. In New York, a quitclaim deed transfers title in fee simple to the grantee without any covenants or warranties of title other than the covenant under Section 13 of the New York Lien Law.
The Office of the City Register records and maintains all property-related documents including deeds, mortgages and leases for every borough except for Staten Island. Visit the Richmond County Clerk to record property documents in Staten Island.
A: An unrecorded deed is valid between the parties in it, but third parties are not bound, and any recording done before the deed is recorded has priority.
Quitclaim deeds filed in New York City use Real Property Transfer Report (Form RP-5217NYC) and a Combined Real Estate Transfer Tax Return, Credit Line Mortgage Certificate, and Certification of Exemption from the Payment of Estimated Personal Income Tax (Form TP-584), both of which are filed with the county clerk.
Tax consequences of a quitclaim deed in New York The grantor must pay any taxes owed on the property before conveying it. Upon conveying the property, the grantor must also pay a real estate property tax. If for any reason the grantor doesn't pay these taxes, the grantee could be stuck paying them.
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.