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Legal paper needed for buying just a portion of the house (not the land)

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lincx


Arresto Menor
I have a friend looking for advise as she is about to buy a property, but it just the whole second floor of the house. This does not include the lot/land but just pertaining to the 3 rooms in the 2nd floor of a building which she plans to lease after buying it. What legal papers (ei. deed of sale) does she need for this transaction to become "valid" or "legal" for her to have the confidence and proof the she really owns the property. TIA

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lincx


Arresto Menor
Can anyone help me on this please?

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Jadis

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Reclusion Perpetua
Is this in a condonimium?

Or just a building?

A deed of sale could suffice.

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lincx


Arresto Menor
Jadis wrote:Is this in a condonimium?

Or just a building?

A deed of sale could suffice.

It is just a building, not a condo but just an apartment building.

Where can I download a deed of sale format for this kind of transaction?

I saw this one form in legalforms.phillsite.net but its more like selling the whole property. Can I edit its details and just notarize it?

Thank you

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Jadis

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You can ask the lawyer to draft it for you.

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Lunkan


Reclusion Perpetua
I don't know if it make any difference that you buy a part of the building, but you better check proper if it's same as for following.

1. When X own a HOUSE at LEASED land,
where the LAND is owned by Y,
then the HOUSE will belong to Y, when the lease ends.

((In some cases can even the leasee (=house owner) need to PAY the land owner in the end to get the land restored as it was when the lease started, but that's more in cases when the damages are worse than the value of the house.))

2. And if you don't have any lease at having right to be at that land, then you better check proper too, if the land owner have right to even kick you out.

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