Deed with Full Covenants
(Commercial) (NY)

Summary

This is a statutory template deed with full covenants for use in a commercial real estate transaction to transfer the title or an interest in a building unit, premises, or real property to another entity or person. This template includes practical guidance and drafting notes. If the real property to be transferred involves condominium units, the deed must include a description of the land, designation of the unit, intended purpose or use of the unit, common interest appertaining to the unit, and other details deemed appropriate. For more on deeds in general, see Types of Deeds and Key Provisions. For information on deed transfer taxes, see Deed Transfer Tax State Law Survey. For further information on the purchase and sale of commercial real property in New York, see Purchasing and Selling Commercial Real Estate Resource Kit and Purchase and Sale of Commercial Real Property (NY). For guidance on New York acknowledgments, see Commercial Real Estate Ownership (NY). For further guidance on acknowledgments in general, see Statutory Forms of Acknowledgment State Law Survey. For information on recording real property documents in New York, see Recording Procedures (NY) and County Recording Offices (NY). For additional information on real estate transfer taxes in New York, see Article 31 Real Estate Transfer Tax, N.Y. Tax Law §§ 1400 – 1423 and Real Property Transfer Taxes (Residential) (NY). For an overview of real estate taxation in New York City, see Taxation of New York City Real Property. For information on the process of buying and selling residential real property in New York, see Residential Purchase and Sale Transactions Resource Kit (NY) and Purchase and Sale of Residential Real Property (NY). For deeds to use in residential transactions in New York, see Quitclaim Deed (Residential Transaction) (NY) and Warranty Deed (Residential Transaction) (NY). For a full listing of key content covering purchasing and selling commercial real estate, see Purchasing and Selling Commercial Real Estate Resource Kit. For a full listing of key content covering purchasing and selling residential real estate, see Purchasing and Selling Residential Real Estate Resource Kit. For a list of key resources covering real estate-related tasks for associates, in-house attorneys, and interns, see First Year Associate Resource Kit: Real Estate, Summer Associate Resource Kit: Real Estate, In-House Real Estate Resource Kit, and Federal Government Summer Intern Resource Kit: Real Estate. For a list of key resources covering commercial purchase and sale-related tasks for a junior associate, see Junior Associate Real Estate Resource Kit (Commercial Purchase and Sale).