The Horizontal Property Act of 1962 (OAG 62-517) does not require the establishment of a separate deed book, although clerks may do so at their discretion if circumstances make it desirable.
The master deed establishes a Horizontal Property Regime per KRS 381.815 and 381.810. Definitions regarding horizontal property are found in KRS 381.810 and recording requirements are listed in KRS 381.835.
The document must have:
- Full names of grantor & grantee (KRS 382.135 (1)(a)) Effective 7-15-2016
- The name of the property owner KRS 382.200
- The name of the condominium (KRS 382.200 & 382.335)
- Description of the land (KRS 381.835)
- General description and the number of each unit (KRS 381.835)
- Description of the general common elements of the building (KRS 381.835)
- Preparation Statement (KRS 382.335)
- 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. KRS 381.835
The property owner must sign the document, and the signature must be acknowledged (notarized). (KRS382.130)
The clerk shall request a return mail address (KRS 382.240)
Legal Process Tax does not apply to this document.
Real Estate Transfer Tax does not apply to this document.