New York Statutes

§ 702 — Incidental expenses

New York·Law EDP Eminent Domain Procedure·Art. 7 Miscellaneous Provisions

§ 702. Incidental expenses.

(A)The condemnor shall reimburse a\ncondemnee an amount separately computed and stated, representing the\nfollowing incidental expenses:\n (1) any recording fees, transfer taxes and other similar expenses in\nconnection with the acquisition of the property by the condemnor or in\nconnection with the transfer of the property to the condemnor; and\n (2) any penalty incurred by the condemnee for prepayment of any\npreexisting recorded mortgage entered into in good faith, encumbering\nsuch property; and\n (3) the pro rata portion of the real property taxes, water rents,\nsewer rents, special ad valorem taxes and other charges paid or payable\nto a taxing entity which are allocable to a period subsequent to the\ndate of vesting title or the effective date of po

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