Have you amended your pleadings to bring a cause a action for an alleged violation of the Rule 11 Agreement? How do you respond to the case law that holds that amending your pleadings is required prior to filing a motion to enforce the Rule 11 Agreement?
Typically, transfer taxes are payable by the seller. However, if the seller does not pay or is exempt from the tax, the buyer often becomes liable. New York State. The New York State Real Estate Transfer Tax (RETT) is imposed on real property conveyances at a rate of $2 per $500 of consideration. For certain qualified transfers to Real Estate Investment Trusts (REITs) the tax is reduced to $1 per $500 of consideration.
Realtor - Long Island. 1  KATHLEEN: We have higher transfer tax here too. 2  The granters tax was axed for our area thank goodness. 3  Hi Adam, It is going to be more difficult for many sellers. 4  Hi Gene, The tax has been coming for a while. 5  Hey Scott..I love that thought feel free to pay a little extra in April..