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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 the "private transfer fee obligation act."
N.Y. Real Property Law § 471 Intent
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§ 471. Intent. The legislature finds and declares that the public policy of this state favors the marketability of real property and the transferability of interests in real property free of title defects or unreasonable restraints on alienation. The legislature further finds an…
N.Y. Real Property Law § 472 Definitions
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§ 472. Definitions. 1. "Transfer" means the sale, gift, conveyance, assignment, inheritance, or other transfer of an ownership interest in real property located in this state. 2. "Private transfer fee" means a fee, charge or any portion thereof, required by a private transfer fe…
N.Y. Real Property Law § 473 Prohibition
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§ 473. Prohibition. A private transfer fee obligation recorded or entered into in this state on or after the effective date of this section does not run with the land and is not binding on or enforceable at law or in equity against any owner, purchaser, or mortgagee of any inter…
N.Y. Real Property Law § 474 Liability for violation
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§ 474. Liability for violation. Any person who records or enters into an agreement imposing a private transfer fee obligation in their favor or in the favor of a third party after the effective date of this section shall be liable for (1) any and all damages resulting from the i…
N.Y. Real Property Law § 475 Disclosure
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§ 475. Disclosure. Prior to the signing by the buyer of a binding contract for the sale of real property, the seller shall furnish to any purchaser a written statement disclosing the existence of any private transfer fee obligation. This written statement shall include a descrip…
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. For a private transfer fee obligation imposed prior to the effective date of this section, the receiver of the fee shall record, prior to six months after the effective date of this section, against the real pr…
N.Y. Real Property Law § 520 Definitions
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§ 520. Definitions. As used in this article, the following terms shall have the following meanings: 1. "Community land trust" shall mean a nonprofit organization exempt from certain taxes pursuant to section 501 (c) (3) or section 501(c) (4) of the United States internal revenue…
N.Y. Real Property Law § 521 Ninety-day waiting period
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§ 521. Ninety-day waiting period. 1. Notwithstanding any other provision of law, on and after July first, two thousand twenty-five, it shall be unlawful for a covered entity to purchase, acquire, or offer to purchase or acquire any interest in a single-family residence or two-fa…
N.Y. Real Property Law § 522 Enforcement
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§ 522. Enforcement. Notwithstanding any other provision of law, the attorney general of the state of New York shall have the authority to enforce the provisions of section five hundred twenty-one of this article by applying, in the name of the people of the state of New York, to…
N.Y. Real Property Law § 600 Laws repealed
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§ 600. Laws repealed. Of the laws enumerated in the schedule hereto annexed, that portion specified in the last column is hereby repealed.
N.Y. Real Property Law § 601 Construction
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§ 601. Construction. This chapter does not alter or impair any vested estate, interest or right, or alter or affect the construction of any conveyance, will or other instrument which has taken effect at any time before this chapter becomes a law.
N.Y. Real Property Law § 602 When to take effect
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§ 602. When to take effect. This chapter shall take effect immediately.