Pennsylvania 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

You, the buyer, must also sign and print your name on the PA title. Those signatures have to be notarized. Your Pennsylvania title transfer can be done online with eTags when you register your vehicle at the same time.

To transfer the vehicle to PA and obtain registration (plates) you will need the following: 1. ALL named parties on existing title must be present.

Out-of-state lienholders engaged in the business or practice of financing vehicles purchased by Pennsylvania residents, to be titled in Pennsylvania, must participate in the mandatory ELT Program.

You will need to provide the current title, proof of current plates, and registration renewal notice stamps on the license plate at the time of sale. You may also register your car before selling it in Pennsylvania, creating a new certificate of title at a county recorder's office once you've paid sales tax.

Yes, both parties must be present for the title to be signed and notarized by a Pennsylvania notary public who is duly licensed. The seller can assign the title to the buyer by completing the necessary sections on the back of the title certificate and signing it.

The seller's signature is required to be notarized or verified on the Pennsylvania title. The seller's signature may be required to be notarized on some out-of-state titles. The seller will need to provide the authorized PennDOT agent with proper proof of identification (PDF).

Pennsylvania realty transfer tax is imposed at a rate of 1 percent on the value of real estate (including contracted-for improvements to property) transferred by deed, instrument, long-term lease or other writing. Both grantor and grantee are held jointly and severally liable for payment of the tax.

Some transactions are exempt from Transfer Tax. Some examples would be conveyances between husband and wife, parents and child, grandparent and grandchild, brothers and sisters. A one-time transfer is allowed between former spouses. Other exemptions are allowed in certain situations.

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Pennsylvania Assignment of Record Title Interests