Seller's Rider to Residential Contract of Sale
(NY)

Summary

This seller's rider to residential contract of sale template may be used to supplement a standard contract of sale for a house in New York. This template includes practical guidance, drafting notes, alternate clauses, and optional clauses. In New York, the initial template contract for a house sale is often pre-printed and is prepared by the seller's attorney. When drafting the rider, the seller's attorney should organize the rider's items to track the sections of the initial contract, with deal-specific additional rider terms following. Typically, the purchaser's attorney submits an additional rider to the seller's attorney for review and approval. In general, the template contract, the seller's rider, and the purchaser's rider together make up the contract of sale. This rider includes both standard provisions and ones that are less common and deal-specific, such as provisions for new construction and a seller's concession. The latter are included as optional provisions that can be added to the template as needed. This rider does not encompass all regional differences, so care should be taken to ensure regional common practice is followed. In addition, this template is not intended for use in cooperative apartment and condominium transactions. For general guidance on the purchase and sale of property in New York, see Purchase and Sale of Residential Real Property (NY) and Recent Amendments to the New York Property Condition Disclosure Act Bring Significant Changes. For an example of a New York template contract, see Contract of Sale (House) (NY). For a purchaser's rider, see Purchaser's Rider to Residential Contract of Sale (NY). For additional resources, see Residential Purchase and Sale Transactions Resource Kit (NY).