Law & Legal & Attorney Government & administrative Law

New York State Property Laws

    Copy of Appraisal

    • A lender may require a borrower, who is seeking a loan secured by an interest in real property, to pay for an appraisal on the property. The lender, however, must provide the borrower with a copy of the appraisal free of charge if the borrower submits a written request, according to the Consolidated Laws of New York.

    Disclosure Statement

    • Anyone selling a home must complete a property condition disclosure statement and give it to the buyer or the buyer's agent prior to the sale. The purchase contract should contain a copy of this statement, with both the buyer's and seller's signatures affixed, according to New York law.

    Special Proceeding

    • In certain cases---involving an infant, an incompetent person or a person under a conservatorship---a special proceeding may become necessary to sell their real property. This applies if the individual's income is not enough to pay his debts or maintain himself. The infant, incompetent person or conservatee is considered a ward of the court in this proceeding; in disposing of the property, the court will uphold his best interests.

    Obstructing Fence

    • When the owner of a property erects a fence more than 10 feet high that interferes with the ability of an adjacent property owner to enjoy her property, the adjacent property owner may sue the owner of the fence. If the court finds that the fence is an obstruction, it may order its removal, according to New York property law.



Leave a reply