Best Conveyancing Lawyers in New York

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Founded in 1948
1,700 people in their team
English
The traits that fueled Skadden’s rise from a New York startup to a global powerhouse - collaborative, innovative, persistent - continue to define our firm culture. We remain intensely focused on the simple formula of developing an inclusive complement of extraordinary attorneys, working together...
Ice Miller LLP
New York, United States

Founded in 1910
350 people in their team
English
Built on a foundation of legal service more than a century long, Ice Miller LLP is committed to helping our clients stay ahead in a changing world.Our diverse client base ranges from start-ups to Fortune 500 companies and from governmental entities to educational organizations and pension funds. We...
Dorsey & Whitney LLP
New York, United States

Founded in 1912
1,390 people in their team
English
worldwide advantageYOUR BUSINESS REQUIRES AN ADVANTAGE, AN EDGE, TO SUCCEED IN A HIGHLY COMPETITIVE WORLD.Dorsey’s lawyers and staff can help you gain that edge by applying superb legal knowledge and skills with practical wisdom and a deep understanding of your business and industry.We serve...
Gordon Rees Scully Mansukhani, LLP.
Buffalo, United States

Founded in 1974
1,688 people in their team
English
As the only law firm with offices and attorneys in all 50 states, we deliver maximum value to our clients by combining the resources of a full-service national firm with the local knowledge of a regional firm. Featuring more than 1,000 lawyers nationwide, we provide comprehensive litigation and...

Founded in 1994
1,000 people in their team
English
WilmerHale is a leading, full-service international law firm with 1,000 lawyers located throughout 13 offices in the United States, Europe and Asia. Our lawyers work at the intersection of government, technology and business, and we remain committed to our guiding principles of:providing...
Arnold & Porter Kaye Scholer LLP
New York, United States

Founded in 1946
2,057 people in their team
English
At Arnold & Porter, we are client-driven and industry-focused. Our lawyers practice in more than 40 practice areas across the litigation, regulatory and transactional spectrum to help clients with complex needs stay ahead of the global market, anticipate opportunities and address issues that...
Jones Day
New York, United States

Founded in 1893
2,500 people in their team
English
Jones Day has a history of more than 125 years and a culture of client service and professionalism based on explicit shared values. These values include providing pro bono legal services, building diversity in our profession, and supporting outreach efforts around the world.Jones Day has a long...
Lippes Mathias LLP
Albany, United States

Founded in 1965
177 people in their team
English
Lippes Mathias LLP is a full-service law firm with more than 135 attorneys serving clients regionally, nationally, and internationally. With offices in Buffalo, N.Y.; Albany, N.Y.; Burlington, Ontario; Chicago, Ill.; New York City; Jacksonville, Fla; and Washington, D.C., the firm represents a wide...
Stinson LLP
New York, United States

Founded in 2002
985 people in their team
English
Complex legal challenges are best approached with sharp insight and creative solutions. At Stinson, our attorneys combine industry knowledge and business acumen to deliver practical legal guidance to clients ranging from individuals to privately-held enterprises to international corporations. We...
Cooper Levenson Attorneys at Law
New York, United States

Founded in 1957
75 people in their team
English
Hundreds of Years of Combined Legal ExperienceThe law firm of Cooper Levenson, P.A., established in 1957, is a full-service law firm with 75 attorneys and an extensive support staff.In New Jersey, we maintain offices in Atlantic City and Cherry Hill. We also have offices in New York, New York,...
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About Conveyancing Law in New York, United States

Conveyancing is the legal process involved when transferring ownership of real estate from one party to another. In New York, this typically pertains to the sale, purchase, or transfer of residential and commercial property. The process ensures that the buyer obtains valid title to the property, subject only to disclosed exceptions. Conveyancing in New York involves various legal documents and procedures to guarantee the rights of both buyers and sellers throughout a transaction.

Why You May Need a Lawyer

There are several reasons why engaging a lawyer for conveyancing in New York is not only helpful, but often essential. Property transactions involve complex contracts, significant financial stakes, and strict regulations. Common situations requiring legal assistance include:

  • Reviewing and drafting purchase or sale agreements
  • Conducting title searches to uncover liens or other encumbrances
  • Resolving disputes between parties, including issues with boundaries or easements
  • Negotiating closing costs and other contract terms
  • Preparing legal documents such as deeds, transfer tax forms, and affidavits
  • Ensuring that all aspects of the transaction meet New York state and local legal requirements

Legal guidance can help prevent costly mistakes, delays, or litigation down the road, making it an invaluable part of any conveyancing transaction in New York.

Local Laws Overview

Conveyancing in New York is governed by both state laws and local municipal codes. Some of the key aspects include:

  • Attorney Involvement: In New York, legal representation for both buyers and sellers is highly customary, and attorneys are responsible for preparing contracts and handling closings.
  • Title Search: Conducting a thorough title search is essential to identify any liens, unpaid taxes, or restrictions on the property.
  • Transfer and Mansion Taxes: New York State charges a transfer tax on most property sales, and properties above certain values may be subject to the additional 'Mansion Tax.'
  • Co-op and Condominium Regulations: Special legal processes apply if the property is a co-op or condominium, involving boards and additional documentation.
  • Disclosure Requirements: Sellers must meet state and, in some cases, city-mandated disclosure requirements about the condition of the property.
  • Escrow and Title Insurance: Most transactions require the use of an escrow for holding funds and usually involve title insurance to protect the buyer’s interests.
  • Timelines and Closings: Real estate closings in New York may be in person or virtual, requiring precise coordination among lawyers, title companies, banks, and brokers.

Frequently Asked Questions

What is conveyancing and why is it important?

Conveyancing is the legal process for transferring property ownership. It is crucial to ensure all legal requirements are met and to protect both parties from potential issues with the title or unexpected claims.

Is hiring a lawyer required in a New York property transaction?

While not strictly legally required for every transaction, it is strongly recommended and customary for both parties to have legal representation due to the complexity of New York real estate law.

What does a title search involve?

A title search reviews public records to verify the seller’s legal right to transfer the property and to discover any claims, liens, or encumbrances that could affect ownership.

What is title insurance and do I need it?

Title insurance protects the buyer and lender from financial loss due to defects in title. It is usually required by lenders and highly advisable for buyers.

What is the New York State transfer tax?

Most property transfers in New York incur a state transfer tax, usually paid by the seller, and sometimes an additional 'Mansion Tax' is levied for high-value transactions.

How does the closing process work in New York?

The closing is a formal meeting where documents are signed, payments are made, and the legal transfer of ownership occurs. Attorneys play a key role in coordinating and overseeing this process.

Are there specific processes for co-ops and condos?

Yes, transferring co-ops and condos involves unique steps, including board approvals, additional documentation, and sometimes longer timelines.

What disclosures are sellers required to provide?

Sellers must provide a property condition disclosure or a credit to the buyer, and additional local requirements may apply. Failing to disclose known defects can lead to legal consequences.

Can I back out of a real estate contract in New York?

Back-out provisions depend on the specific terms of the contract. Standard agreements often include contingency clauses, but breaking a contract without legal grounds may result in penalties.

What are common problems that delay closings?

Delays can be caused by title issues, unresolved liens, incomplete documentation, financing problems, or last-minute negotiations. Having a lawyer helps resolve these efficiently.

Additional Resources

If you need more information or assistance with property transactions, the following resources may be helpful:

  • New York State Bar Association (NYSBA) Real Property Law Section
  • New York Department of State, Division of Licensing Services
  • New York City Department of Finance
  • New York State Office of the Attorney General - Real Estate Finance Bureau
  • Local county clerk’s offices for property records

Next Steps

If you require legal assistance with conveyancing in New York, begin by gathering all relevant documents related to your property transaction. Consider consulting a qualified real estate attorney who is familiar with local practices and requirements. A lawyer can help you understand your rights, properly draft and review all agreements, conduct title searches, and represent you at closing. Taking early legal advice ensures your interests are protected throughout the process and minimizes the risk of future disputes. If you are unsure where to start, local bar associations offer lawyer referral services to help connect you with an attorney who specializes in New York conveyancing.

Lawzana helps you find the best lawyers and law firms in New York through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Conveyancing, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in New York, United States - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.