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New York · Through 2026-09-11

N.Y. Real Property Law § 474: Liability for violation

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Where this section sits in the code
  1. Real Property Law
  2. Article 15. Prohibition and Disclosure of Private Transfer Fee Obligations

§ 474. Liability for violation. Any person who records or enters into

an agreement imposing a private transfer fee obligation in their favor

or in the favor of a third party after the effective date of this

section shall be liable for (1) any and all damages resulting from the

imposition of the transfer fee obligation on the transfer of an interest

in the real property, including, without limitation, the amount of any

transfer fee paid by a party to the transfer, and (2) all attorneys'

fees, expenses and costs incurred by a party to the transfer or

mortgagee of the real property to recover any transfer fee paid or in

connection with an action to quiet title. Where an agent acts on behalf

of a principal to record or secure a private transfer fee obligation,

liability shall be assessed to the principal, rather than the agent.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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