Master Deed Condominium Meaning In Philadelphia

State:
Multi-State
County:
Philadelphia
Control #:
US-00454
Format:
Word; 
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Description

The Master Deed Condominium in Philadelphia establishes a condominium project under the provisions of the Condominium Act, outlining the rights and responsibilities of the developer and co-owners. Key features include the legal description of the property, definitions of common and limited common elements, responsibilities for maintenance, and guidelines for use of the units and common areas. This document is essential for attorneys, real estate partners, and owners, as it serves as the foundational legal framework for condominium ownership and governance. Paralegals and legal assistants can utilize this form to advise clients on their rights and obligations within the condo association. The Master Deed also details modification processes for units and amenities, which is particularly relevant for potential expansion or restructuring of the condominium. Clarity in the document helps users understand their property rights, ensuring adherence to local regulations while promoting community standards.
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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

Mail or in person If you mail your request, include a self-addressed stamped envelope and a note with the address of the property. To find out the exact number of pages in advance of sending your request, contact us at (215) 686-2292 or deedcopy.info@phila. Copies are $2 per page.

The most commonly recorded documents by individuals are deeds. To add, remove, or change a name on a deed, have a lawyer, title company, or other real estate professional prepare the deed.

A Pennsylvania property deed must contain the current owner (the grantor), the new owner (the grantee), a legal description of the property, and the signature of the grantor before the transfer. But there are also less common ways to use property, which require several different types of property deeds.

A new deed can be prepared by your attorney.

Once the deed is drafted, it must be properly executed and notarized to be valid. Execution means the grantor must sign the deed. In Pennsylvania, deeds must be signed in the presence of a notary public. A real estate lawyer in Philadelphia can help arrange for notarization and serve as a witness.

While it is not legally required to have an attorney, it is highly recommended to consult with a real estate attorney when dealing with deed transfers in New York and New Jersey. An attorney can ensure that the transfer is conducted correctly, protect your interests, and address any legal issues that may arise.

In New Jersey, transferring real property using TOD deeds upon the owner's death isn't permitted by law. Therefore, real estate in the state typically goes through the probate process, unless it's held in a trust or owned jointly with rights of survivorship.

In New Jersey, deeds are recorded with the County Clerk's office or the Registrar of Deeds in the county where the property is located. This office maintains all property records and ensures they are accessible to the public.

The deed must be signed in ink by the Grantors in the presence of a notary public, with the Grantors' names printed below the signatures. Contrary to popular belief, the Grantors' signatures do not need to be witnessed (other than by a notary). The deed does not need to be signed by the Grantees (buyers).

Master Deed/Declaration of Covenants and Restrictions It is filed with the county clerk's office where the community is located and outlines the physical boundaries of the property, including common areas, limited common elements or areas, and individual units/lots.

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Master Deed Condominium Meaning In Philadelphia