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