Philadelphia Pennsylvania Master Deed Declaration of Condominium

Name: Philadelphia Pennsylvania Master Deed Declaration of Condominium
Brand: US Legal Forms
Rating: 4.76 (442 reviews)

Category:

Real Estate - Deeds - Condominiums

State:

Multi-State

County:

Philadelphia

Control #:

US-00674BG

Format:

Instant download

Description

This form is a combination of a master deed and declaration of condominium.

How to fill out Philadelphia Pennsylvania Master Deed Declaration Of Condominium?

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FAQ

A condominium may be created and established by recording in the office of the county recording officer of the county wherein the land is located a master deed executed and acknowledged by all owners or the lessees setting forth the matters required by section 9 of P.L. 1969, c.

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.

Master deed or lease; contents. The master deed or lease creating and establishing the horizontal property regime shall be executed by the owner or owners of the real property making up the regime and shall be recorded with the register of mesne conveyance or clerk of court of the county where such property is located.

Where the enabling or master deed provides that the land included within a condominium project are to be owned in common by the condominium owners therein the Register of Deeds may, at the request of all the condominium owners and upon surrender of all their condominium owner's copies, cancel the certificates of title

A condominium, in Florida, is created by the filing and recording of a Declaration of Condominium. The Declaration is the statutorily declared document of creation. The Declaration is more than a mere contract spelling out the rights and obligations of the parties.

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.

Pennsylvania Deed RequirementsA deed must be in writing, state the name of the current owner, include the legal description for the real estate being transferred and state the name of the new owner. The deed only concerns title to the real estate.

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 $750.

Realty Transfer Tax The Commonwealth of Pennsylvania collects 1% while the City of Philadelphia collects 3.278% for a total of 4.278%. Luckily, it is customary (but not legally required) for the buyer and seller to split the transfer taxes evenly. In most cases, the buyer will pay 2.139% and the seller will pay 2.139%.

Transfer of property in relation to Property Settlement Agreement or Divorce Decree.deeds@phillydeeds.com.e090 Phone: (215) 989-4530.e103 Fax: (215) 701-9186.

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Philadelphia Insurance Companies' Condominium Associations Insurance program provides condo associations with comprehensive property and liability coverage. Prepare a master deed: When converting to condos, a master deed must be created and recorded with the relevant government office.Contents of Declaration. NEW YORK ARTICLE 9-B Condominium Act Section 339-d. Ten states have adopted the Uniform Condominium Act in the following statutes: ARIZ. REV. STAT.

Philadelphia Pennsylvania Master Deed Declaration of Condominium

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