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Condo Deed

Condo Deed Template for Canada

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Key Requirements PROMPT example:

Condo Deed

I need a Condo Deed for transferring ownership of a luxury penthouse unit in Vancouver, with specific provisions for two parking spaces and a private rooftop terrace, including detailed easement rights for exclusive elevator access.

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Document background
The Condo Deed is a fundamental legal document used in Canadian real estate transactions to transfer ownership of condominium units. It is essential when any condominium unit is being sold or transferred between parties, whether in a new development or resale situation. The document must comply with both federal and provincial regulations, particularly provincial property laws and condominium-specific legislation. It includes crucial information such as the legal description of the property, details of common elements, assigned parking or storage units, and any restrictions or special provisions. The deed must be properly executed and registered with the appropriate land registry office to ensure legal transfer of title. It serves as permanent evidence of the property transfer and outlines the rights and obligations associated with condominium ownership.
Suggested Sections

1. Parties: Identification of the Grantor (seller) and Grantee (buyer) with full legal names and addresses

2. Background: Context of the transaction and brief history of the property ownership

3. Definitions: Definitions of key terms used throughout the deed, including property-specific and condominium-related terminology

4. Property Description: Detailed legal description of the condominium unit, including unit number, floor level, and percentage interest in common elements

5. Consideration: Statement of the purchase price and other valuable consideration for the transfer

6. Grant: The operative words of conveyance transferring title from grantor to grantee

7. Title Covenants: Warranties and representations regarding the title and ownership rights being transferred

8. Common Elements: Description of rights and obligations regarding common elements and facilities

9. Easements and Rights: Statement of any easements, rights-of-way, or other encumbrances that run with the property

10. Execution: Signature blocks for all parties and witnessing requirements

Optional Sections

1. Parking Assignment: Details of any exclusive use parking spaces included with the unit

2. Storage Locker Assignment: Description of any storage facilities assigned to the unit

3. Special Assessments: Documentation of any pending or approved special assessments

4. Restrictions on Use: Any specific restrictions on the use of the unit beyond standard condominium declarations

5. Leasing Provisions: Special provisions regarding the leasing of the unit, if applicable

6. Pet Restrictions: Specific provisions regarding pet ownership, if different from general condominium rules

7. Renovation Requirements: Special provisions regarding unit modifications or renovations

Suggested Schedules

1. Schedule A - Legal Description: Detailed legal description of the property including lot and plan numbers

2. Schedule B - Common Elements: Detailed breakdown of common element percentages and specifications

3. Schedule C - Unit Boundaries: Detailed description of the unit boundaries and exclusive use areas

4. Schedule D - Parking Plan: Plan showing location and details of any assigned parking spaces

5. Schedule E - Storage Plan: Plan showing location and details of any assigned storage units

6. Schedule F - Current Condominium Fees: Statement of current condominium fees and payment schedule

7. Schedule G - Unit Floor Plan: Detailed floor plan of the specific unit being conveyed

8. Appendix 1 - Property Disclosure Statement: Seller's disclosure of known issues or defects with the unit

9. Appendix 2 - Status Certificate: Current status certificate from the condominium corporation

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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