Condominium


Deeds

The document must have the following:
  • First party and their mailing address
  • Second party and mailing address
  • Description (unit number, condo name, etc)
  • State that the property is “a condominium unit”
  • Source of title must include the Book and Page reference to the master deed and the cabinet and slide to the floor plan
  • Preparation Statement
  • Consideration certificate
The clerk shall request a return mail address.
The grantors must sign the deed and the signatures must be acknowledged (notarized). The grantor and grantee must sign the consideration statement & the signatures must be notarized. The document must be filed in the county clerk’s office of the county where the property is located (or the greater part).

Mortgages

The document requires:
  • First party (mortgagor, borrower)
  • Second party (mortgagee, lender) and their mailing address
  • Amount of the mortgage
  • Maturity date (except for revolving credit accounts which do not require a maturity date) relating to obligations, if the document states “due on demand” this requirement is satisfied
  • Legal Description of the property (Common Law and OAG 81-100)
  • Preparation Statement
The clerk shall request a return mail address.
Document must be: signed by the mortgagor(s) and the signature(s) acknowledged (notarized). The document must be filed in the county clerk’s office of the county where the property is located (or the greater part).

Plats

Condo plats (floor plans) require
  • The layout, location, unit numbers and dimensions of the units
  • The name of the property or that it has no name
  • Certification from a registered architect or professional engineer that the plans fully and accurately depict the layout, location, unit numbers and dimensions of the units as built
  • If the plans do not include a verified statement by such architect or engineer that such plans fully and accurately depict the layout, location, unit numbers and dimensions of the units as built, there shall be recorded prior to the first conveyance of any unit an amendment to the declaration to which shall be attached a verified statement of a registered architect or professional engineer so certifying as to the plans theretofore filed, or being filed simultaneously with such amendment
Condominium plats (floor plans) are not required to go through the planning commission. However additional expense fee may be charged as similar to the plats if the planning commission requires consistency for the preparation of a blue line.

Master Condominium Deed

The master deed establishes a Horizontal Property Regime per KRS381.815 & 381.810. Definitions regarding the horizontal property are found in KRS381.810 & recording requirements are listed in KRS381.835. The document must have:
  • The name of the property owner
  • The name of the property owner
  • Description of the land
  • General description and the number of each unit
  • Description of the general common elements of the building
  • Preparation Statement
  • A set of the floor plans must be filed simultaneously with the master deed. These are recorded in the condominium plat records, or the regular plat records, if a separate set of plat records is not maintained
The property owner must sign the document, and the signature must be acknowledged (notarized).
The clerk shall request a return mail address.
Condominium