Montana Code 70-23-601. Contents of deed or lease of unit

70-23-601. Contents of deed or lease of unit. Except as provided in 70-1-522, the deed or lease of a unit must contain:

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Terms Used In Montana Code 70-23-601

Deed: The legal instrument used to transfer title in real property from one person to another.
Grantor: The person who establishes a trust and places property into it.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
Property: means real and personal property. See Montana Code 1-1-205

(1)a description of the land, the name of the property, and the recording index numbers and date of recording of the declaration;

(2)the unit designation of the unit;

(3)the use for which the unit is intended;

(4)the percentages of undivided interest in the common elements appertaining to the unit;

(5)any further details the grantor and grantee or lessor and lessee may consider desirable.

Part 6 Contents