Master Deed For A Condominium In Montgomery

State:
Multi-State
County:
Montgomery
Control #:
US-00454
Format:
Word; 
Rich Text
Instant download

Description

The Master Deed for a condominium in Montgomery serves as a foundational document to establish a residential site condominium project under the provisions of the Condominium Act. This document outlines the title and nature of the condominium project, the legal description of the property, and specific definitions relevant to the community's governance. Key features include detailed descriptions of common and limited common elements, responsibilities for maintenance, and provisions for the potential expansion of the condominium project. Attorneys, owners, and paralegals will find the form essential for understanding each co-owner's rights and obligations regarding property use and responsibilities. It empowers users to navigate property interests, manage shared spaces, and enforce rules within the condominium community effectively. Furthermore, legal assistants and associates can utilize the form to ensure compliance with local regulations during the establishment and modification of the condominium framework. Overall, this Master Deed is crucial for promoting orderly and equitable management of shared residential properties.
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  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development

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FAQ

A deed is a record of ownership for a piece of real estate such as land or a home. They are kept in the Land Records Department. Every Maryland County and Baltimore City has a Land Records Department located in that County's Circuit Court.

Recording a deed in Montgomery County is a two step process. First, bring the deed to the County Transfer/Recordation Tax Office located at: 27 Court House Square, Suite 200, Rockville, for processing. Second, visit the Courthouse at 50 Maryland Avenue, Rockville 2nd floor Recording Office.

Approximately one month after your settlement date, you should have received your original recorded deed. If, however, you have not received your original deed then you need to contact your lawyer or your title company to obtain your original deed.

Certificate: The deed includes a certificate of preparation, stating that the deed was prepared by or under the supervision of a Maryland lawyer or by one of the parties. This certificate must be signed by the lawyer or party who prepared the deed. Notarized deed: The new deed must be signed before a notary public.

Similarly, to add someone to a deed a new deed must be prepared to transfer the property from all current owners to all new and current owners. The new deed must then be recorded in land records. You can read about the steps to record a new deed at the People's Law Library.

Maryland law requires all deeds to include the names of the grantor (the seller) and grantee (the buyer), a description of the property, and the interest that you intend to convey. All deeds must be recorded with the Department of Land Records in the county where the property is located.

The Quitclaim Deed Process in Maryland: A Step-by-Step Guide Obtain the Necessary Forms. You'll need a Maryland-specific Quitclaim Deed form and a Land Instrument Intake Sheet. Prepare the Deed. Filling out the form correctly is essential. Sign and Notarize. Complete the Land Instrument Intake Sheet. Record the Deed.

To add a name to a deed in Maryland, you must prepare a new deed that includes both the current owner's name and the new owner's name. The current owner is the grantor, and the new owner is the grantee. The new deed should include a legal description of the property.

If your property is located in Montgomery County, you can order a copy of your deed by going to the Land Records Department of the Clerk's Office in Montgomery County Circuit Court (50 Maryland Avenue, Room 212, Rockville, Maryland, 20850).

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Master Deed For A Condominium In Montgomery