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Property Ownership TransferRecording_nyMEDIUM

Michael sells his property to both Jennifer and David on the same day, giving each a valid deed. Jennifer records her deed immediately, while David does not record his deed for two weeks. Under New York's recording statute, who has superior title to the property?

Correct Answer

B) Jennifer, because she recorded first

New York follows a 'race-notice' recording statute. Jennifer, as a bona fide purchaser who recorded first without notice of David's deed, has superior title. The first to record among competing grantees from the same grantor prevails.

Answer Options
A
David, because he was the second purchaser and had no notice
B
Jennifer, because she recorded first
C
Both have equal rights as tenants in common
D
The first deed executed chronologically controls regardless of recording

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Related Topics & Key Terms

Key Terms:

race_noticecompeting_deedsbona_fide_purchaserrecording_priority

Related Concepts

A transfer tax is a tax imposed by state, county, or local government on the transfer of real property from one owner to another. It is typically based on the sale price or a flat rate per dollar of consideration.

An abstract of title is a condensed history of all recorded documents and proceedings that affect the title to a specific parcel of real property. It is a summary, not a guarantee, of title condition.

Actual notice means a person has direct, personal knowledge of a fact or interest in real property. This can come from being told, seeing something firsthand, or any form of direct awareness.

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