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Affidavit of consideration for use by seller

Affidavit of consideration nj 2026

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The document is the RTF-1 Affidavit of Consideration for use by sellers in New Jersey, which must be submitted in duplicate when recording a deed. It outlines the requirements for declaring the consideration of real property transactions, including exemptions from the Realty Transfer Fee based on specific criteria such as age, disability, and income levels. The form includes sections for detailing the parties involved, property information, and calculations related to equalized valuation for commercial properties. Instructions for proper completion and submission are provided.

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Click ‘Get Form’ to open the affidavit of consideration NJ in the editor.
Begin by filling in the 'Consideration' section with the total amount involved in the transaction. Ensure accuracy as this is crucial for fee calculations.
In the 'Party or Legal Representative' section, provide your name and title, ensuring you are authorized to make this declaration.
Complete the property details, including Block and Lot numbers, along with the street address and municipality where the property is located.
If applicable, indicate if the property falls under Class 4A, 4B, or 4C. For Class 4A properties, complete Section 3A for equalized valuation.
If claiming exemptions from fees, clearly explain your reasons in the designated sections for full or partial exemptions.
Finally, ensure all signatures are completed and submit your form for recording. Use our platform's features to save and share your document easily.

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