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N.Y. Real Property Law § 260 Lands adversely held may be conveyed or mortgaged
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§ 260. Lands adversely held may be conveyed or mortgaged. No grant, conveyance or mortgage of real property or interest therein shall be void for the reason that at the time of the delivery thereof such real property is in the actual possession of a person claiming under a title…
N.Y. Real Property Law § 261 Maintenance of telegraph or other electric wires raises no presumption of grant
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§ 261. Maintenance of telegraph or other electric wires raises no presumption of grant. Whenever any wire or cable used for any telegraph, telephone, electric light or other electric purpose, or for the purpose of communication otherwise than by the aid of electricity, is or sha…
N.Y. Real Property Law § 265 Fraudulent intent, question of fact
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§ 265. Fraudulent intent, question of fact. The question of fraudulent intent in a case arising under this article, shall be deemed a question of fact and not of law; and a conveyance or charge shall not be adjudged fraudulent as against creditors, purchasers or incumbrancers, s…
N.Y. Real Property Law § 265-A Home equity theft prevention
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§ 265-a. Home equity theft prevention. 1. (a) The legislature finds and declares that homeowners who are in default on their mortgages or in foreclosure may be vulnerable to fraud, deception, and unfair dealing by home equity purchasers. The recent rapid escalation of home value…
N.Y. Real Property Law § 265-B Distressed property consulting contracts
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§ 265-b. Distressed property consulting contracts. 1. Definitions. The following definitions shall apply to this section: (a) "Homeowner" means a natural person who is the mortgagor with respect to a distressed home loan or who is in danger of losing a home for nonpayment of tax…
N.Y. Real Property Law § 266 Rights of purchaser or incumbrancer for valuable consideration protected
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§ 266. Rights of purchaser or incumbrancer for valuable consideration protected. This article does not in any manner affect or impair the title of a purchaser or incumbrancer for a valuable consideration, unless it appears that such purchaser or incumbrancer had previous notice,…
N.Y. Real Property Law § 267 Conveyances with power to revoke, determine or alter
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§ 267. Conveyances with power to revoke, determine or alter. A conveyance of, or charge on, an estate or interest in real property, containing a provision for the revocation, determination or alteration of the estate or interest, or any part thereof, at the will of the grantor, …
N.Y. Real Property Law § 268 Disaffirmance of fraudulent act by executor and others
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§ 268. Disaffirmance of fraudulent act by executor and others. An executor, administrator, receiver, assignee or other trustee, may, for the benefit of creditors, or of others interested in real property held in trust, disaffirm, treat as void and resist any act done or transfer…
N.Y. Real Property Law § 269 When remainderman may pay interest owed by life tenant
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§ 269. When remainderman may pay interest owed by life tenant. Whenever real property held by any person for life is incumbered by mortgage or other lien, the interest on which should be paid by the life tenant, and such life tenant neglects or refuses to pay such interest, the …
N.Y. Real Property Law § 270 Powers of courts of equity not abridged
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§ 270. Powers of courts of equity not abridged. Nothing contained in this article abridges the powers of courts of equity to compel the specific performance of agreements in cases of part performance.
N.Y. Real Property Law § 271 Construction of covenants in mortgages on leases of real property and bonds or notes
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§ 271. Construction of covenants in mortgages on leases of real property and bonds or notes. In mortgages on leases of real property and in bonds or notes secured thereby, the following or similar covenants or agreements must be construed as follows: 1. In default of payment, mo…
N.Y. Real Property Law § 272 Construction of grant of appurtenances, and all of the rights and estate of the mortgagor
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§ 272. Construction of grant of appurtenances, and all of the rights and estate of the mortgagor. In any mortgage on a lease of real property the words "together with the appurtenances and all the estate and rights of the part ...... of the first part of, in and to said premises…
N.Y. Real Property Law § 273 What form of mortgage on lease of real property
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§ 273. What form of mortgage on lease of real property. The use of the following form of instrument for mortgages on leases of real property is lawful, but this section does not prevent or invalidate the use of other forms. SCHEDULE D. MORTGAGE ON LEASE OF REAL PROPERTY. This in…
N.Y. Real Property Law § 274 Transfers and mortgages of interest in decedents' estates
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§ 274. Transfers and mortgages of interest in decedents' estates. Every conveyance, assignment, or other transfer of, and every mortgage or other charge upon the interest, or any part thereof, of any person in the estate of a decedent which is situated within this state, shall b…
N.Y. Real Property Law § 274-A Certificate of principal amount unpaid on mortgages of real property
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§ 274-a. Certificate of principal amount unpaid on mortgages of real\nproperty. 1. The holder of a mortgage upon real property shall execute\nand deliver to the owner of the real property upon which such mortgage\nis a lien a written instrument setting forth the amount of the pr…
N.Y. Real Property Law § 275 Certificate of discharge of mortgage required
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§ 275. Certificate of discharge of mortgage required. 1. Whenever a\nmortgage upon real property is due and payable, and the full amount of\nprincipal and interest due on the mortgage is paid, a certificate of\ndischarge of mortgage shall be given to the mortgagor or person\ndes…
N.Y. Real Property Law § 276 Effect of certain easements on the right to invest in mortgages
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§ 276. Effect of certain easements on the right to invest in mortgages. The existence of an easement in real property acquired or reserved by a municipal corporation, a railroad corporation or other transportation corporation, shall not be deemed an encumbrance upon such real pr…
N.Y. Real Property Law § 277 Modification and extension of mortgage investment
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§ 277. Modification and extension of mortgage investment. 1. Corporations, trustees, executors, administrators, guardians, committees, conservators and other persons holding trust funds, savings banks and other corporations that shall have made or shall own or hold an investment…
N.Y. Real Property Law § 277-A Powers of fiduciaries and others holding guaranteed mortgages or mortgage investments
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§ 277-a. Powers of fiduciaries and others holding guaranteed mortgages or mortgage investments. Trustees, executors, administrators, guardians, committees for incompetents, conservators of conservatees and all other persons acting in any fiduciary capacity, including all officia…
N.Y. Real Property Law § 278 Exchange of mortgage investment
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§ 278. Exchange of mortgage investment. Trustees, executors, administrators, guardians, committees, conservators, receivers, the town treasurer of any town and other persons and corporations holding trust funds, corporations and private bankers organized under or subject to the …
N.Y. Real Property Law § 278-A Sale or exchange of certain real property or mortgage investments therein authorized
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§ 278-a. Sale or exchange of certain real property or mortgage investments therein authorized. Trustees, executors, administrators, guardians, committees, conservators and all other persons or corporations holding trust funds or acting in a fiduciary capacity, corporations and p…
N.Y. Real Property Law § 279 Graduated payment mortgage
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§ 279. Graduated payment mortgage. 1. A "graduated payment mortgage" means a mortgage which provides: (i) monthly payments of principal and interest which are lower during the initial years of the mortgage; and (ii) that the graduation rate for the monthly payments, the term of …
N.Y. Real Property Law § 280 Reverse mortgage loans for persons sixty years of age or older
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§ 280. Reverse mortgage loans for persons sixty years of age or older.\n1. For purposes of this section the following terms shall have the\nfollowing meanings:\n (a) Reverse mortgage loans. A loan which is secured by a first\nmortgage on real property improved by a one- to four-…
N.Y. Real Property Law § 280-A Reverse mortgage loans for persons seventy years of age or older
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§ 280-a. Reverse mortgage loans for persons seventy years of age or\nolder. 1. For purposes of this section, the following terms shall have\nthe following meanings:\n (a) Reverse mortgage loan. A loan which is secured by a first mortgage\non real property improved by a one to fo…
N.Y. Real Property Law § 280-B Federal home equity conversion mortgage regulation
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§ 280-b. Federal home equity conversion mortgage regulation. 1. For the purposes of this section, the following terms shall have the following meanings: (a) Reverse mortgage loan. A reverse mortgage loan as defined in section two hundred eighty of this article, which is issued i…
N.Y. Real Property Law § 280-D Federal home equity conversion mortgage default and foreclosure regulation
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§ 280-d. Federal home equity conversion mortgage default and foreclosure regulation. 1. For the purposes of this section, the following terms shall have the following meanings: (a) Reverse mortgage loan. A reverse mortgage loan as defined in section two hundred eighty of this ar…
N.Y. Real Property Law § 281 Credit line mortgage
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§ 281. Credit line mortgage. 1. (a) For the purposes of this section,\na "credit line mortgage" shall mean any mortgage or deed of trust, other\nthan a mortgage or deed of trust made pursuant to a building loan\ncontract as defined in subdivision thirteen of section two of the l…
N.Y. Real Property Law § 282 Mortgagor's right to recover attorneys' fees in actions or proceedings arising out of foreclosures of residential property
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§ 282. Mortgagor's right to recover attorneys' fees in actions or proceedings arising out of foreclosures of residential property. 1. Whenever a covenant contained in a mortgage on residential real property shall provide that in any action or proceeding to foreclose the mortgage…
N.Y. Real Property Law § 283 Limits on amount of flood insurance required by mortgagee
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§ 283. Limits on amount of flood insurance required by mortgagee. No mortgagee shall require a mortgagor to whom the mortgagee makes, increases, extends, or renews any loan or line of credit secured by improved residential real property to purchase or pay for flood insurance on …
N.Y. Real Property Law § 290 Definitions; effect of article
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§ 290. Definitions; effect of article. 1. The term "real property," as used in this article, includes lands, tenements and hereditaments and chattels real, except a lease for a term not exceeding three years. 2. The term "purchaser" includes every person to whom any estate or in…
N.Y. Real Property Law § 291 Recording of conveyances
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§ 291. Recording of conveyances. A conveyance of real property, within the state, on being duly acknowledged by the person executing the same, or proved as required by this chapter, and such acknowledgment or proof duly certified when required by this chapter, may be recorded in…
N.Y. Real Property Law § 291-A Recording conveyances of land in towns in Chautauqua county; duties of county and town clerks
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§ 291-a. Recording conveyances of land in towns in Chautauqua county; duties of county and town clerks. 1. Every deed and will relating to real property in Chautauqua county, outside the cities of Jamestown and Dunkirk, and every judicial decree establishing the right of inherit…
N.Y. Real Property Law § 291-B Recording conveyances of land in towns in Cattaraugus county; duties of county and town clerks
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§ 291-b. Recording conveyances of land in towns in Cattaraugus county; duties of county and town clerks. Every deed and will relating to real property in Cattaraugus county, outside the cities of Olean and Salamanca, and every judicial decree establishing the right of inheritanc…
N.Y. Real Property Law § 291-C Recording memoranda of leases
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§ 291-c. Recording memoranda of leases. In lieu of the recording of a lease for a term exceeding three years, pursuant to section two hundred ninety-one of this chapter, there may be recorded with like effect a memorandum of such lease, executed by all persons who are parties to…
N.Y. Real Property Law § 291-CC Recording modifications of leases
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§ 291-cc. 1. Recording modifications of leases. Where a lease or memorandum of such lease has been recorded, an unrecorded agreement modifying such lease or memorandum is void as against a subsequent purchaser in good faith and for a valuable consideration, and the possession of…
N.Y. Real Property Law § 291-D Recording of master forms of mortgage covenants and clauses; incorporation thereof by reference
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§ 291-d. Recording of master forms of mortgage covenants and clauses; incorporation thereof by reference. 1. An instrument containing a form or forms of mortgage covenants, conditions, obligations, powers, releases, and other clauses may be recorded in the office of the recordin…
N.Y. Real Property Law § 291-E Exceptions, reservations and recitals referring to unrecorded conveyances and contracts for sale of real property
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§ 291-e. Exceptions, reservations and recitals referring to unrecorded conveyances and contracts for sale of real property. 1. This section applies to any language, contained in a conveyance of real property in this state, which (a) excepts or reserves a part or any or all parts…
N.Y. Real Property Law § 291-F Rights where recorded mortgage restricts landlord's action in respect to leases
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§ 291-f. Rights where recorded mortgage restricts landlord's action in respect to leases. An agreement, referring to this section, contained in a recorded mortgage of real property, or in a recorded instrument relating to such mortgage, restricting the right or power, as against…
N.Y. Real Property Law § 291-G Recording insurance information
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§ 291-g. Recording insurance information. Every owner of a multiple dwelling, as defined in subdivision two of section two hundred thirty-nine-a of this chapter, which is located in a city with a population in excess of one million persons shall file with the department of housi…
N.Y. Real Property Law § 291-H Recording of liens by the state
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§ 291-h. Recording of liens by the state. The state may cause to be filed in the appropriate office of the city register of the city of New York or in the county clerk's office of the county of Richmond or in the county clerk's office of any other county of the state where the r…
N.Y. Real Property Law § 291-I Validity of electronic recording
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§ 291-i. Validity of electronic recording. 1. Notwithstanding any law to the contrary, (a) where a law, rule or regulation requires, as a condition for recording, that an instrument affecting real property be an original, be on paper or another tangible medium or be in writing, …
N.Y. Real Property Law § 291-J Recording of declarations by the New York state energy research and development authority
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§ 291-j. Recording of declarations by the New York state energy research and development authority. Pursuant to subdivision five of section eighteen hundred ninety-six of the public authorities law, the New York state energy research and development authority shall record or cau…
N.Y. Real Property Law § 292 By whom conveyance must be acknowledged or proved
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§ 292. By whom conveyance must be acknowledged or proved. Except as otherwise provided by this article, such acknowledgment can be made only by the person who executed the conveyance, and such proof can be made only by some other person, who was a witness of its execution, and a…
N.Y. Real Property Law § 292-A Conveyances by certain corporations executed and acknowledged by attorneys in fact entitled to recordation
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§ 292-a. Conveyances by certain corporations executed and acknowledged by attorneys in fact entitled to recordation. A conveyance of real property, within the state, or of any interest therein, including an instrument discharging or satisfying a lien created by any such conveyan…
N.Y. Real Property Law § 293 Recording of conveyances heretofore acknowledged or proved
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§ 293. Recording of conveyances heretofore acknowledged or proved. A conveyance of real property, within the state, heretofore executed, and heretofore acknowledged or proved, and certified, so as to be entitled to be read in evidence, or recorded, under the laws in force at the…
N.Y. Real Property Law § 294 Recording executory contracts and powers of attorney
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§ 294. Recording executory contracts and powers of attorney. 1. An executory contract for the sale, purchase or exchange of real property, or an instrument canceling such a contract, or an instrument containing a power to convey real property, as the agent or attorney for the ow…
N.Y. Real Property Law § 294-A Recording assignments of rent
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§ 294-a. Recording assignments of rent. 1. An assignment of rent to accrue from tenancies, subtenancies, leases or subleases of real property, irrespective of the term of their duration, in existence at the time of the assignment, made, subscribed and acknowledged or proved, and…
N.Y. Real Property Law § 294-B Recording brokers affidavit of entitlement to commission for completed brokerage services
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§ 294-b. Recording brokers affidavit of entitlement to commission for\ncompleted brokerage services. 1. A duly licensed real estate broker who\nasserts that he or she has produced a person who was ready, able and\nwilling to purchase or lease all or any part of a parcel of real\…
N.Y. Real Property Law § 295 Recording of letters patent
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§ 295. Recording of letters patent. Letters patent, issued under the great seal of the state, granting real property, may be recorded in the county where such property is situated, in the same manner and with like effect, as a conveyance duly acknowledged or proved and certified…
N.Y. Real Property Law § 296 Recording copies of instruments which are in secretary of state's office
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§ 296. Recording copies of instruments which are in secretary of state's office. A copy of an instrument affecting real property, within the state, recorded or filed in the office of the secretary of state, certified in the manner required to entitle the same to be read in evide…