2013 New York Consolidated Laws
GOB - General Obligations
Article 5 - CREATION, DEFINITION AND ENFORCEMENT OF CONTRACTUAL OBLIGATIONS
Title 7 - (5-701 - 5-705) REQUIREMENTS OF WRITING, EXECUTION OR ACKNOWLEDGMENT FOR EFFECTIVENESS OR ENFORCEABILITY
5-703 - Conveyances and contracts concerning real property required to be in writing.


NY Gen Oblig L § 5-703 (2012) What's This?
 
    § 5-703. Conveyances  and  contracts concerning real property required
  to be in writing. 1. An estate or interest in real property, other  than
  a  lease  for a term not exceeding one year, or any trust or power, over
  or concerning real property, or in any manner relating  thereto,  cannot
  be created, granted, assigned, surrendered or declared, unless by act or
  operation  of  law, or by a deed or conveyance in writing, subscribed by
  the person creating, granting, assigning, surrendering or declaring  the
  same,  or by his lawful agent, thereunto authorized by writing. But this
  subdivision does not affect the power of a testator in  the  disposition
  of  his  real  property  by  will; nor prevent any trust from arising or
  being  extinguished  by  implication  or  operation  of  law,  nor   any
  declaration  of  trust  from being proved by a writing subscribed by the
  person declaring the same.
    2. A contract for the leasing for a longer period than  one  year,  or
  for  the  sale,  of  any  real property, or an interest therein, is void
  unless the contract or some note or memorandum thereof,  expressing  the
  consideration,  is in writing, subscribed by the party to be charged, or
  by his lawful agent thereunto authorized by writing.
    3. A contract to devise real property or establish  a  trust  of  real
  property,  or  any  interest therein or right with reference thereto, is
  void unless the contract or  some  note  or  memorandum  thereof  is  in
  writing  and  subscribed by the party to be charged therewith, or by his
  lawfully authorized agent.
    4. Nothing contained in this section abridges the powers of courts  of
  equity to compel the specific performance of agreements in cases of part
  performance.

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