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The Laws of New York
Consolidated Laws of New York
CHAPTER 50
Real Property
ARTICLE 15
Prohibition and Disclosure of Private Transfer Fee Obligations
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SECTION 474
Liability for violation
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ARTICLE 15
Prohibition and Disclosure of Private Transfer Fee Obligations
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SECTION 476
Notice requirements for existing transfer fee obligations
This entry was published on 2014-09-22
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SECTION 475
Disclosure
Real Property (RPP) CHAPTER 50, ARTICLE 15
§ 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
description of the private transfer fee obligation and include a
statement that private transfer fee obligations are subject to
prohibitions under this section.