Expenses incidental to transfer of title - 26 Pa. Cons. Stat. § 708

Legal Research Home > Pennsylvania Statutes

     § 708.  Expenses incidental to transfer of title.
        An acquiring agency shall, on the date of payment of the
     purchase price of amicably acquired real property or of payment
     or tender of estimated just compensation in a condemnation
     proceeding to acquire real property, whichever is earlier or as
     soon as is practicable, reimburse the owner for expenses
     necessarily incurred for:
            (1)  Recording fees, transfer taxes and similar expenses
        incidental to conveying the real property to the acquiring
        agency.
            (2)  Penalty costs for prepayment for any preexisting
        recorded mortgage entered into in good faith encumbering the
        real property.
            (3)  The pro rata portion of real property taxes paid
        which are allocable to a period subsequent to the date of
        vesting title in the acquiring agency or the effective date
        of possession of the real property by the acquiring agency,
        whichever is earlier.
            (4)  The pro rata portion of water and sewer charges paid
        to a taxing entity or a local authority allocable to a period
        subsequent to the effective date of possession of the real
        property by the acquiring agency.

Last modified: November 27, 2007