This form is a Master Deed. This Master Deed is executed by a developer pursuant to the provisions of the Condominium Act. The deed contains a legal description of the project and the responsibilities of the co-owner.
Master Deed For A Condominium In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00454
Format:
Word;
Rich Text
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FAQ
Quitclaim deeds are a particular type of deed used to facilitate the transfer of property ownership between close family members and spouses. It is one of the simplest methods for transferring property ownership.
How do I add or remove names from a deed? Deed name changes require the submittal of a new deed to the Register of Deeds office. We suggest that you consult an attorney unless you are familiar with creating legal documents. Click to look up recording fees.
If you wish to remove someone from a deed, you will need their consent. This can be done by recording a new deed, which will require their signature. If the person in question is deceased, you will need their death certificate and a notarized affidavit along with the new deed.
If you wish to remove someone from a deed, you will need their consent. This can be done by recording a new deed, which will require their signature. If the person in question is deceased, you will need their death certificate and a notarized affidavit along with the new deed.
When committing to a general warranty deed, the seller is promising there are no liens against the property, and if there were, the seller would compensate the buyer for those claims. Mainly for this reason, general warranty deeds are the most commonly used type of deed in real estate sales.
In North Carolina, a notary public must witness the grantor's signature on the deed. After the deed is notarized, it must be recorded with the Lenoir County Register of Deeds. This step officially transfers the title of the property from the grantor to the grantee.
To summarize, while a tax declaration might suggest possession or a long history of paying taxes, it does not confer ownership rights. In contrast, a Torrens title offers conclusive evidence of ownership, and courts generally prioritize it over tax declarations in property disputes in the Philippines.
What is perpetual ownership? Perpetual ownership means that you have every right a inium unit owner is entitled to as provided in the inium Act, granting you full ownership rights to your unit and a proportionate share of ownership to all common areas of the building and the land itself.
"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.
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.