District of Columbia Assignment of Record Title Interests

State:
Multi-State
Control #:
US-OG-519
Format:
Word; 
Rich Text
Instant download

Description

This form of assignment provides for the assignment of record title interests in an oil and gas lease.

How to fill out Assignment Of Record Title Interests?

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FAQ

D.C. Official Code § 42-1102(5) exempts from the recordation tax: A purchase money mortgage or purchase money deed of trust that is recorded simultaneously with the deed conveying the real property for which the purchase money mortgage or purchase money deed of trust was obtained.

(A) A deed that conveys title to real property in the District shall be taxed at a rate of 1.1% (to complete the calculation of total recordation tax due at time of recording, see also additional tax in subsections (a-4) and (a-5) of this section) applied to the consideration for the deed; provided, that if there is no ...

(a) A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed.

Deed Recordation DC Code Citation: Title 42, Chapter 11. 1.45% of consideration or fair market value on the entire amount, if transfer is $400,000 or greater. Note: Fair market value is used when the consideration is nominal, i.e. less than 30% of FMV.

Where can I record UCC documents? UCC documents can be recorded with the DC Office of the Recorder of Deeds.

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District of Columbia Assignment of Record Title Interests