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The document is a Quitclaim Deed form for transferring property ownership from one individual to three individuals in New York. It includes instructions for completing the form, a disclaimer regarding the use of the forms, and sections for the grantor and grantees to fill out necessary information. The deed outlines the legal transfer of property rights and includes provisions for acknowledgment by a notary public.

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How do I add someone to a deed in NY?

How do I add/remove a name on a Deed? You would have to record a new deed adding or removing the person(s) name. Because it is a legal document with legal consequences, we HIGHLY advise you work with an attorney to do so.

Is a quitclaim deed legal in NY?

Moshes Law P.C. When you want to give someone a property in New York, you can do it in a few different ways. One way is by using a special document called a quitclaim deed. This paper helps transfer ownership of the property from one person to another.

What are the disadvantages of a quit claim deed?

A quitclaim deed is only valid if both parties willingly performed the property transfer. If there is evidence that the grantor was coerced into filing the quitclaim against their will, this is grounds to revoke it.

How does a quitclaim deed work in New York?

In New York, a quitclaim deed just gives the property to the new owner without any promises about the title, except for one small promise under Section 13 of the New York Lien Law. For example, if my wife and I own a house and I want to give my part to my cousin, I use a quitclaim deed.

Can I add a third person to my deed?

You or your co-owner can add a third person to the title of the home. But you cannot add them as a co-owner of the property by yourself where each of you would then own one-third of the property. Instead, youd have to convey part of your ownership share in the home to that person.

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