Form Tp 584 2 – Fill Out and Use This PDF

Form Tp 584 2 PDF Details

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.