What is a condo deed?

A condominium (apartment) deed is the official document showing ownership of personal property according to the plan of the condominium and the percentage (according to the exact size of the unit) of joint-ownership in the common property of the condominium (percetage of ownership in land, gardens, halls, exterior walls, roof, etc).

What do you need to know about a property deed?

A property deed, or house deed, is a legal document that transfers ownership of real estate from the grantor (seller) to the grantee (buyer). Property deeds are the legal tool of defining ownership.

What is a title deed for an apartment?

How many pages are in a property deed?

For most people, their property deed is one to two pages. It’s a physical legal document containing the information listed above.

What makes a real estate deed a valid document?

A deed has therefore a greater presumption of validity and is less rebuttable than other types of real estate documents. At common law, to be valid and enforceable, real estate deeds must fulfill several requirements: It must state on its face it is a deed, using words like “This Deed…” or “executed as a deed.”

Do you get a deed when you buy a property?

So when you buy a property, you will receive the deed, a document that proves you own it. That deed is an official document that says you have title to the real estate.

Which is the best type of property deed?

A warranty deed is the most inclusive, and as the term warranty implies, it warranties that the state of the title is good. This means that the buyer of the property (the grantee) has legal recourse to the seller (the grantor) against any future claim to the property.

What makes a person competent to receive a property deed?

The grantor must have legal capacity to transfer the property, and the grantee must be capable of receiving the grant of the property. A person who is competent to make a valid contract is considered competent to be a grantor.

Where do I get my condominium title deed?

The condominium apartment unit title deed is made in duplicate, one copy is for the person having the ownership of the apartment while the other copy shall be retained at the land office (the office of the competent official).

Why do I have different names on my deed?

Different Names. Different names referring to the same person can appear on deeds for reasons such as marriage, divorce, use of nicknames, or legal name changes. A person who transfer or takes property in different names should disclose it by stating “also known as” on the deed, or its abbreviation “aka.”.

What is the technical name for a Lady Bird deed?

As Solkoff popularized this type of deed, people began to refer to it as the lady bird deed or ladybird deed instead of the technical name, enhanced life estate deed. The technical name for a lady bird deed is enhanced life estate deed.

How to update your name on a deed?

Find information on updating your married name on a deed here. It is wise to protect your interest by recording the deed with the Register of Deeds by sending your documents with corresponding fees to: The recording fee is $30.00 per document – cash or check made payable to Register of Deeds.

How does the Master Deed work in a condominium?

The master deed provides the percentage of ownership for each condominium unit in the development. This percentage is the basis for determining your obligation for payment of monthly maintenance fees, assessments for major repairs, and may determine your voting percentage at association meetings.

How is the title of a condominium determined?

Written by Guest on 2010-03-25. Posted in Blog. A condominium is governed by the Condominium Declaration. This document is recorded at the Land Records for the jurisdiction in which the condominium is located and sets the rights and obligations of the unit owners of the condominium association.

Can a condominium board enforce the Master Deed?

This is a complicated question without a clear cut answer. The condominium board does have the authority to enforce any rules set forth in the condominium documents (ie the Master Deed, Declaration of Trust, Bylaws and Rules and Regulations).

What are the rights of unit owners in a condominium?

The act gives each residential unit in the condominium, the right to a vote in the unit owners’ association in proportion to its interest in the common elements. If a unit is owned by more than one person, the bylaws must specify the method by which the vote attributable to such unit is to be cast and counted (CGS § 47-80 (b)).

Can a condominium board enforce an occupancy limit?

Therefore, if the condominium documents include an “occupancy restriction” or a limit on the number of occupants allowed to reside in each bedroom, the board has the authority to enforce it.

Do you get a deed when you buy a condo?

Owners of condos receive a deed for their unit just like if they bought a house. They also own their unit in fee simple, which is the least restrictive form of real estate ownership recognized by law.

What is a Master Deed in a condominium?

Master Deed: This is the legal instrument that transfers property to condominium ownership and describes: Each is different but follows a familiar pattern according to the powers of the statute. 2. Unit Deed: The individual Unit Deed is the document that provides the unit buyer with the following basic rights and obligations:

What are the rights of the owner of a condo?

Just like owners of a detached home, a condo owner generally has the right to sell and use the unit as they see fit, unless there are covenants restricting such use or transfer. Basically, a covenant is an agreement that provides a right or imposes a restriction or condition that is binding on the owner of the condo.

Therefore, if the condominium documents include an “occupancy restriction” or a limit on the number of occupants allowed to reside in each bedroom, the board has the authority to enforce it.

What do I need to replace my title deed?

To apply to replace the title deed, you will need to complete Form 13A which can be found here. There is a different form for each type of title deed (depending on whether your property is a landed property, condominium unit or HDB flat, as mentioned above).

Can a condo be deeded out of a revocable trust?

In one case a surviving widow found herself embroiled in almost a decade of litigation that all started because of her husband’s failed attempt to deed a condo unit out of his revocable trust (see here, here, and here ). A big selling point for revocable trusts is retained control.

Can a deed fail if it is granted to a trust?

Golstein v. Handley, 390 Ill. 118, 124 (1945). Therefore, it seems likely that a deed will not fail if it is granted to a trust and not a trustee. One can look at the trust agreement to determine who the trustee or trustees are.

How are warranty deeds and deed of trust recorded?

The deed of trust places the property in control of a trust until the loan is paid in full. The trustee will process a foreclosure and sell the property if there’s a default. Both the warranty deed and deed of trust are recorded with the county clerk or recorder. Generally, the lender sends the documents to be recorded after the closing.

Where can I get a copy of my deed of trust?

Mortgage Lender May Have Copies. If you are unsuccessful with the county clerk or recorder, it may be more difficult to get a copy of your deed of trust. The mortgage lender might be able to provide you a copy of the deed of trust.

Where can I get a copy of my California condo deed?

You can obtain a copy of a condominium deed by visiting the recorder’s office in the county in which a condo is located. Generally, California deeds are indexed by the property owner’s name, so you can locate and copy the recorded deed to a condo by providing the name of the grantee, or owner, to the clerk at the recorder’s office.

Can a condominium association make copies of documents?

1. The members of the Condominium Association (i.e., all of the unit owners) can look at the documents and make copies of them at their own expense; and 2. The Condo Association is free to adopt reasonable rules on things like frequency, time, location, notice, and manner of record inspections and copying.

How much does it cost to get a copy of a property deed?

Recorded property deeds are public land records, and you can research and copy them. Copy fees vary by county and can range from approximately $1 to $13 per deed, with a certified copy carrying an extra fee charges. You can obtain a copy of a condominium deed by visiting the recorder’s office in the county in which a condo is located.

Is it a crime to destroy a condo board record?

Under the new Condo Board crime law, any Condo Board member that destroys an official document or record of the Condo Association “in furtherance of a crime” commits a crime.