Pennsylvania § 708 Expenses incidental to transfer of title

Pennsylvania Statutes

§ 708 — Expenses incidental to transfer of title

Pennsylvania § 708

Title 26EMINENT DOMAIN

Ch. 7JUST COMPENSATION AND MEASURE OF DAMAGES

This text of Pennsylvania § 708 (Expenses incidental to transfer of title) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

26 Pa. Cons. Stat. § 708 (2026).

Text

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 acqui

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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.