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0 chapters · 463 sections in this title.
N.Y. Real Property Law § 470 Short title
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§ 470. Short title. This article shall be known and may be cited as\nthe "private transfer fee obligation act."\n
N.Y. Real Property Law § 471 Intent
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§ 471. Intent. The legislature finds and declares that the public\npolicy of this state favors the marketability of real property and the\ntransferability of interests in real property free of title defects or\nunreasonable restraints on alienation. The legislature further finds…
N.Y. Real Property Law § 472 Definitions
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§ 472. Definitions. 1. "Transfer" means the sale, gift, conveyance,\nassignment, inheritance, or other transfer of an ownership interest in\nreal property located in this state.\n 2. "Private transfer fee" means a fee, charge or any portion thereof,\nrequired by a private transf…
N.Y. Real Property Law § 473 Prohibition
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§ 473. Prohibition. A private transfer fee obligation recorded or\nentered into in this state on or after the effective date of this\nsection does not run with the land and is not binding on or enforceable\nat law or in equity against any owner, purchaser, or mortgagee of any\ni…
N.Y. Real Property Law § 474 Liability for violation
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§ 474. Liability for violation. Any person who records or enters into\nan agreement imposing a private transfer fee obligation in their favor\nor in the favor of a third party after the effective date of this\nsection shall be liable for (1) any and all damages resulting from th…
N.Y. Real Property Law § 475 Disclosure
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§ 475. Disclosure. Prior to the signing by the buyer of a binding\ncontract for the sale of real property, the seller shall furnish to any\npurchaser a written statement disclosing the existence of any private\ntransfer fee obligation. This written statement shall include a\ndes…
N.Y. Real Property Law § 476 Notice requirements for existing transfer fee obligations
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§ 476. Notice requirements for existing transfer fee obligations. 1.\nFor a private transfer fee obligation imposed prior to the effective\ndate of this section, the receiver of the fee shall record, prior to six\nmonths after the effective date of this section, against the real…
N.Y. Real Property Law § 520 Definitions
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§ 520. Definitions. As used in this article, the following terms shall\nhave the following meanings:\n 1. "Community land trust" shall mean a nonprofit organization exempt\nfrom certain taxes pursuant to section 501 (c) (3) or section 501(c) (4)\nof the United States internal re…
N.Y. Real Property Law § 521 Ninety-day waiting period
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§ 521. Ninety-day waiting period. 1. Notwithstanding any other\nprovision of law, on and after July first, two thousand twenty-five, it\nshall be unlawful for a covered entity to purchase, acquire, or offer to\npurchase or acquire any interest in a single-family residence or\ntw…
N.Y. Real Property Law § 522 Enforcement
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§ 522. Enforcement. Notwithstanding any other provision of law, the\nattorney general of the state of New York shall have the authority to\nenforce the provisions of section five hundred twenty-one of this\narticle by applying, in the name of the people of the state of New York,…
N.Y. Real Property Law § 600 Laws repealed
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§ 600. Laws repealed. Of the laws enumerated in the schedule hereto\nannexed, that portion specified in the last column is hereby repealed.\n
N.Y. Real Property Law § 601 Construction
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§ 601. Construction. This chapter does not alter or impair any vested\nestate, interest or right, or alter or affect the construction of any\nconveyance, will or other instrument which has taken effect at any time\nbefore this chapter becomes a law.\n
N.Y. Real Property Law § 602 When to take effect
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§ 602. When to take effect. This chapter shall take effect\nimmediately.\n