A Philadelphia Pennsylvania Special — Limited Warranty Deed from Individual to Individual is a legally binding document that facilitates the transfer of property ownership from one individual to another in the city of Philadelphia, Pennsylvania. This type of deed offers a limited warranty, providing some level of protection to the buyer by guaranteeing that the granter (seller) has not encumbered the property and has the legal authority to convey it. When drafting a Philadelphia Pennsylvania Special — Limited Warranty Deed from Individual to Individual, certain essential elements should be included. Firstly, the document needs to clearly identify the parties involved, with the full names and addresses of both the granter and the grantee. The legal description of the property, including its address and relevant parcel numbers, should also be included for accurate identification. The deed may further detail any specific conditions or restrictions associated with the property. It is vital to provide an accurate account of the property's boundaries, such as metes and bounds, or by referencing official surveys or plats. This information ensures that the transfer accurately represents the intended parcel of land. In Philadelphia, there are various types of Special — Limited Warranty Deeds, each with its unique purpose and requirements. Some notable variations include: 1. Philadelphia Pennsylvania Special — Limited Warranty Deed with Reservation: This special deed allows the granter to transfer the property to the grantee while reserving certain rights over specific aspects of the property. Common reservations are related to mineral rights, easements, or other limited privileges. The specific reservation details should be explicitly stated in the document. 2. Philadelphia Pennsylvania Special — Limited Warranty Deed without Warranty Against Encumbrances: Unlike a standard special deed, this variation does not provide any warranty against encumbrances. This means that the granter does not guarantee the property to be free from any liens or encumbrances, except those explicitly stated in the deed. 3. Philadelphia Pennsylvania Special — Limited Warranty Deed Joint Tenancy: This type of deed is commonly used when two or more individuals wish to hold joint ownership of a property in Philadelphia. It establishes the intent for the property to be owned jointly with rights of survivorship, meaning that upon the death of one owner, their share automatically goes to the surviving owner(s). In the Philadelphia Pennsylvania Special — Limited Warranty Deed from Individual to Individual, both parties should sign the document in the presence of a notary public to ensure its legality and validity.
Philadelphia Pennsylvania Special - Limited Warranty Deed from Individual to Individual
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To add, remove, or change a name on a deed, have a lawyer, title company, or other real estate professional prepare the deed. Then, record the new deed with the Department of Records. Note: We recommend that you do not prepare a deed on your own. We also recommend that you get title insurance.
To change, add or remove a name on your deed a new deed needs to be recorded reflecting the change. Many people think they can come into the office and change the present recorded deed with a form, but that is not the case. Once a deed is recorded it cannot be changed.
To transfer property in Pennsylvania, you'll need to prepare and execute a deed and record it in the county where the property is located. If the transfer was in exchange for money, you'll have to pay transfer tax.
First and foremost, you'll have your conveyancing fees, which will be calculated on many factors; such as your property's value or whether or not you need to re-mortgage. In most cases, the fees will amount to between £100 and £500 +VAT.
The recording charge is set by the county and we charge a administative fee. For counties from Erie, Elk, Franklin and Centre to Bucks, Berks, and Butler, the charge for a deed transfer across Pennsylvania is $700, with the sole exception of Philadelphia, which is $800. How long does it take?
You can do this through a transfer of equity. This is where a share of equity is transferred to one or multiple people, but the original owner stays on the title deeds. You'll need a Conveyancing Solicitor to complete the legal requirements for you in a transfer of equity.
What Is A Special Warranty Deed? A special warranty deed, also known as a limited warranty deed, is used when the seller of a property (grantor) only guarantees that the property incurred no outstanding claims or liens during their physical ownership.
In Pennsylvania, if a lease will continue for thirty or more years, in order to avoid a transfer tax, it is critical that the lease wording clearly express the parties' intent to unconditionally renegotiate the rental rate for any renewal term years beyond the twenty-ninth year and eleven months.
Philadelphia Recording Fees Revised DEED Recording Fee$107.00State Writ Tax$0.50County Fee$2.00Access to Justice Fee$40.25Total$256.751 more row ?
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3123 Main St., Southport, PA 15904, View full product details Certificate of Title Information Vehicle history reports for sale. Find a certified copy of your vehicle report, or get a copy directly from the county Recorder of Deeds. Certified copies are for your private, personal use and may not be reproduced elsewhere. Vehicle History Reports for Sale We offer certified copies of your current car title, or you may order a copy of your vehicle's current vehicle license plate number, at a cost that depends on your vehicle. Contact us for details. We also provide access to your previous car title. Contact information for the county Recorder of Deeds is available here. Certificate of Title Contact us for certified copies of your current car title, or you may get a copy directly from the county Recorder of Deeds. Certified copies are for your personal, private use and may not be reproduced elsewhere. (PA Title Recorder #1) 3123 Main St.
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