Walton, N.Y., Code of Ordinances ch. 185 (eCode360 ed. 2026) § 185-5
Transfer of ownership interest
Operative Text
Where, after the filing of any registration statement in relation to any rental property under the applicable provisions of this section, the owner of such dwelling shall have granted or transferred his right, title or interest therein or in any part thereof, such owner shall file with the Village Clerk, within 10 days after such grant or transfer, a written statement which shall contain the name and residence and business addresses of the grantee, transferee or other successor of such right, title or interest, or if such grantee, transferee or successor is a corporation, the name and address of such corporation.
Section 185-5 of Walton, N.Y., Code of Ordinances ch. 185 establishes a post-transfer disclosure requirement for rental property owners. When ownership or any interest in a registered rental property changes hands, the outgoing owner must notify the Village Clerk in writing within 10 days of the transaction. The written notice must identify the new owner or interest-holder by name and address — or, if the new holder is a corporation, by the corporation's name and address.
Plain English — not legal advice.
Under § 185-5, operators who sell, transfer, or otherwise convey any ownership interest in a registered rental property are responsible for submitting a written statement to the Village Clerk within 10 days of that transaction. Compliant owners typically prepare this notice at or shortly after closing, ensuring it includes the full name and both residence and business addresses of the new interest-holder, or the corporate name and address if the grantee is an entity. Keeping a copy of the filed statement with closing documents helps demonstrate timely compliance.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Section 185-5 creates a public record trail when rental property changes ownership, because the outgoing owner must file new ownership information with the Village Clerk within 10 days of any transfer. This means tenants can contact the Village Clerk's office to look up who currently holds a registered interest in their building, which can be useful when questions arise about who is responsible for the property. Tenants who believe a transfer has occurred without the required filing may wish to consult a tenant-rights organization or review the Village's registration records to understand their options.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 10, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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