Master Deed For A Condominium In Ohio
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Deeds brought to the County Recorder's Office for recording must contain the following information: Name(s) of the buyer(s) and seller(s); Legal description of the property (can be obtained from our Copy Center); Signature(s) of the seller(s); Preparation statement (if notarized in the State of Ohio);
A inium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners.
"Owning:" Why Condo Owners Don't Own the Land. One of the main differences between buying a house versus buying a condo is that condo owners are not landowners. A condo owner is purchasing an "interest" in the condo association that runs the day-to-day operations of the building, similar to a homeowners association.
An attorney licensed to practice law in Ohio must prepare deeds, powers of attorney, and other instruments that are to be recorded. One exception is that a party to the transaction may prepare an instrument in which they are a party.
Inium is a Latin word that means "Owning property together." That's what it is like when someone buys a condo unit. They have an "interest" in the land beneath the building, but the building's association owns the actual land.
The Ohio quit claim deed must be signed in the presence of a notary public in Ohio as required by R.C. § 5301.01. Additionally, once completed and acknowledged, the quit claim deed must be filed at the County Recorder's Office in the jurisdiction where the land is located, as mandated by R.C. § 5301.25.
Instructions for filling out deeds Read the entire form carefully. Enter all the names of the current owners of the property as the grantors on the deed. Enter all the names of the persons you want to be owners of the property as the grantees. Attach the legal description of the property from the prior deed.
In Ohio, only an attorney can draft a deed for others. All title companies must use an attorney to draft deeds.
