Real Estate Blog

Important changes to New York’s Property Condition Disclosure Law

Hands explaining.

Beginning March 20, 2024, sellers of residential 1-4 family homes will no longer have the option to give purchasers a $500.00 credit in lieu of completing a property condition disclosure statement. The New York Real Property Law requires sellers of certain types of residential real property to complete a property condition disclosure statement and deliver … Read more

Corporate Transparency Act

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The Corporate Transparency Act (“CTA”) was enacted January 21, 2021 and is implemented through regulations established by the Financial Crimes Enforcement Network (“FINCEN”), a bureau of the US Department of the Treasury. The regulations require “reporting companies” to report information about their beneficial owners to FINCEN to be stored in a secure, non-public database. Reporting … Read more