A Suffolk New York Warranty Deed from Corporation to Corporation is a legal document that serves as a proof of ownership transfer of real property between two corporations based in Suffolk County, New York. This type of deed provides the buyer corporation with a guarantee, or "warranty," that the property being transferred is free from any liens, encumbrances, or title defects, except those explicitly mentioned in the deed. The Suffolk New York Warranty Deed from Corporation to Corporation ensures that the seller corporation fully guarantees the title to the property and will defend the buyer corporation against any third-party claims related to the title. It offers a higher level of protection compared to other types of deeds, such as quitclaim deeds, that do not guarantee the title. The key elements included in a Suffolk New York Warranty Deed from Corporation to Corporation are: 1. Parties Involved: The names and contact information of the selling corporation (granter) and the purchasing corporation (grantee) should be clearly stated. 2. Legal Description: A detailed description of the property being transferred, including its physical address, Suffolk County tax map number, and boundaries. 3. Consideration: The amount paid or agreed upon for the property transfer, also known as the purchase price. 4. Warranties: A section that outlines the warranties and guarantees given by the seller corporation, which typically includes statements such as the property being free from liens, encumbrances, defects, and adverse claims. 5. Covenants: Specific promises made by the seller corporation regarding the title, typically covering matters like payment of property taxes and adherence to relevant laws and regulations. 6. Signatures: Both the granter and grantee corporation representatives should sign the deed in the presence of a notary public to validate its execution. Although the Suffolk New York Warranty Deed from Corporation to Corporation primarily guarantees the title, there are variations based on specific situations or conditions. These variations include: — General Warranty Deed: A warranty deed that offers the highest level of protection, guaranteeing the title against any claims that may arise from both past and future events. — Special Warranty Deed: A warranty deed that ensures the title against any claims arising only during the granter corporation's ownership period, excluding any claims or defects that predate their ownership. — Limited Warranty Deed: A warranty deed that provides protection for a specific set of issues or specified time frame agreed upon between the parties, usually limited to the granter corporation's ownership period. In conclusion, a Suffolk New York Warranty Deed from Corporation to Corporation is a legally binding document that ensures a corporation purchasing property in Suffolk County, New York, receives a guarantee of title. It provides a higher level of assurance compared to other types of deeds and offers protection against title defects, liens, and encumbrances.
Suffolk New York Warranty Deed from Corporation to Corporation
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A real property transfer form?RP-5217, RP-5217-NYC, or RP-5217-PDF (pilot project)?is required for all real property transfers where a deed is filed. A filing fee is also required.
Real Property Recording FeesDocument To Be FiledFee On Standard FormWhere the point size is less than 8 points (ordinary newsprint)$49.00 + $10.00 per page for Cover Page. Minimum for 2 pages = $64.00 ($49.00 + 1 Cover Page + 1 document page).Additional blocks$2.00 for each additional block in excess of one.5 more rows
Recording Fees Document TypeFeeDeclaration of Homestead$35Declaration of Trust$255Deed, Unit Deed, or Easement$155Mortgage$2059 more rows
Conveyance is the act of transferring property from one party to another. The term is commonly used in real estate transactions when buyers and sellers transfer ownership of land, building, or home. A conveyance is done using an instrument of conveyance?a legal document such as a contract, lease, title, or deed.
Despite the amounts involved, it is possible to transfer ownership of your property without money changing hands. This process can either be called a deed of gift or transfer of gift, both definitions mean the same thing. Executing a deed of gift can be a complex undertaking, but it isn't impossible.
2. How do I obtain a copy of my property deed? Property deeds are recorded in the Suffolk County Clerk's Office in Riverhead, NY. The direct phone number is (631) 852-2000.
You can record property-related documents in person or online. To register a document, you must create a cover page in ACRIS, and submit document, supporting documents, and pay fees and taxes (if necessary). Learn more about recording documents, including required documentation and fees online.
To change the deed in New York City, as we discussed, we will need a deed signed and notorized by the grantor. Additionally, the deed must also be filed and recorded with the Office of the City Register along with transfer documents which identify if any taxes are due.
Search Charges: Municipal searches (includes C/O, street report, sewer search, housing, building, fire, and tax searches)$350.00Survey Inspection$80.00Escrow Service Fee$50.00Additional Name Search (after receipt of report)$25.00 eachJudgment, Lien and Mortgage Search$200.009 more rows
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2, pages 1-5. The records of the Town and City Archives of Suffolk County were originally assembled from numerous sources, but the records had been lost or destroyed. The Town and City archives have now been digitized to preserve the original records and the electronic collection is freely available.
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