Clarkstown Adopts LLC Property Ownership Registry Law

There has been an increase in residential homes being purchased by LLCs throughout the county, including here in Clarkstown. This often creates obstacles in the Town’s efforts to remedy and prosecute violations issued to properties. Any LLC purchasing property in Clarkstown is now required to register and make known all stakeholders with a 5% or greater ownership share in the corporation. Contact information for each individual will also be required.
A copy of the proposed local law can be found here.