If you live in New York and are trying to transfer real estate property from one person to another as a gift or through a court order, then a quit claim deed could be the best way to do it.
A quit claim deed is a relatively easy method of transferring title of property and is most commonly used when a property is transferred without a traditional sale. Here’s what to know about filing quit claim deeds in New York, plus a quick look at how the attorneys at Moshes Law, P.C. can help guide you through the process.
If you need to file quit claim deed in New York, set up a consultation now.
Transferring title through a quick claim deed conveys legal property ownership from one party (the grantor) to the other (the grantee), usually in the case of a trust, a divorce, or as a gift. Due to the logistics of this type of transfer, it’s vital to work with an attorney who understands the complexities of how deeds are processed, held, and conveyed.
To successfully file a quit claim deed in New York, you will need to fulfill a few essential qualifications:
Also essential is that the grantor has a legitime ownership interest in the property before transferring the title, even if that ownership is only partial.
The fee for filing a New York state quit claim deed is unique to each county. However, as of 2018, the basic fee for filing for a residential or farm property is $125, while the fee to file a quit claim deed for all other properties is $250. These fees are for the statewide RP-5217 form.
In addition, there are additional fees tacked on at the time of filing. These include nominal fees for other papers filed, such as fees for Form TP-584. Additionally, there is a general recording fee, and each page filed has an additional nominal cost.
A quit claim deed lawyer can help with all aspects of filing this type of claim, including:
It might seem like a simple enough process, but it’s highly encouraged that you seek the services of a qualified real estate lawyer when considering a quit claim deed in New York. An attorney can not only draft your quit claim deed but also assess your situation to determine if a quit claim deed is the best option or if another type of deed would be more suitable.
At Moshes Law, P.C., we offer extensive experience in the management and filing of New York quit claim deeds, representing parties in the greater New York City area and all its boroughs, including Manhattan, Brooklyn, Queens, the Bronx, and Staten Island, as well as Northern New Jersey, Long Island, and Upstate New York.
Whether you’re trying to convey it or receive it, our team has the knowledge you need to transfer property with ease. Contact us today for a free consultation.