Navigating the complexities of real estate transactions involving public utility companies and governmental agencies requires a thorough understanding of specific documentation, particularly the TP-584.2 form. This form is specifically designed for recording the transfer of easements and licenses when the consideration— or the payment made for these rights—is $500.00 or less. It serves a pivotal role for public utility companies regulated by the Public Service Commission and governmental agencies by facilitating the necessary reporting of such transactions. The form compiles essential details including the names and contact information of both the grantee and grantor, the address of the property, and the consideration given for the easement or license. Additionally, it provides space for up to fifteen conveyances before requiring an attached schedule for any additional transfers. By requiring the signature of the grantee and a certification that each conveyance is exempt from the Real Estate Transfer Tax imposed by Article 31 of the Tax Law, it ensures compliance and asserts the validity of the information provided. The TP-584.2 thus stands as a crucial document for maintaining transparency and legality in specific real estate transfers, embodying a tailored approach to address the unique transactions of public utilities and governmental entities.
| Question | Answer |
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| Form Name | Form Tp 584 2 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | conveyances, regulated, exempt, Governmental |
Recording Office Time Stamp |
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Real Estate Transfer Tax Return
For Public Utility Companies’
and Governmental Agencies’
Easements and Licenses
This form may only be used by public utility companies regulated by the Public Service Commission and governmental agencies for the recording of easements and licenses where the consideration for the grant of such easement or license is $500.00 or less.
Name of grantee (public utility company or governmental agency) |
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Federal employer identification number |
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(if applicable) |
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Address of grantee |
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Name and telephone number of person to contact |
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Name(s) of Grantor |
Address of Property |
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Consideration Given |
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Of Easement or License |
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For Easement or License |
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If more than fifteen conveyances are to be recorded, attach a schedule of such other conveyances.
Signature of Grantee
I certify that the grantee is a public utility regulated by the Public Service Commission or is a governmental agency and the grantee of the easements and/or licenses above; that it is true to the best knowledge of the grantee that the granting of each such easement and/or license is exempt from Real Estate Transfer Tax imposed by Article 31 of the Tax Law by reason that each such conveyance is for a consideration of five hundred dollars or less and/or the conveyance is being made to a governmental agency.
Name of grantee |
Signature of partner, officer of corporation, governmental official, etc. |
Title