Transferring title through a quit 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 properly execute a property transfer in New York, you’ll need to meet specific eligibility criteria:
The cost of submitting a New York state document that transfers property rights varies across counties. For residential or farm properties, the standard filing fee as of 2018 is $125, while for other property types, it’s $250. These fees apply specifically to the statewide RP-5217 form.
Though it appears straightforward, seeking guidance from a skilled real estate attorney in New York is strongly recommended when contemplating property transfers. Their expertise can assist in drafting the necessary documentation and evaluating your circumstances to determine the most appropriate deed type for your situation.
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