- 1). Draw up a deed in accordance with New York state statutes. The deed must state the sale price, which can be zero; and provide the legal description of the property; and identify any encumbrances or restrictions on the use of the land. You can obtain a New York deed at a store or website that sells legal stationery or forms.
- 2). Complete the deed. Fill in your name as grantor -- the person conveying title -- and the name of the person taking title as grantee. Sign the deed -- the grantee need not do so -- and have a notary or similar official apply her seal.
- 3). Log in to ACRIS and follow the instructions for recording deeds. The minimum fee, as of 2011, was $42 -- a $32 base charge plus $5 for the cover sheet and $5 for a one-page document. Every added page is another $5; a two-sided paper counts as two pages.
- 4). Create a transfer tax form on ACRIS if the consideration paid for the property is more than $25,000. The transfer tax is the city's fee on real-estate transactions. Some title transfers, such as those made by a nonprofit corporation, are exempt from the tax.
- 5). Submit a real property transfer report along with your other electronic filings. This report includes information such as the type of property involved -- residential, rental, industrial -- and whether the transfer is between family members or between different branches of the same business.
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