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Master deed or master plan are terms often used in major land development projects. The developer then is free to subjegate separate condominium, HOA and other legal entities under the master deed.
Definitions may vary depending on the legal documents you reference when you use the term 'master condominium'.
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When was the Oceanquest Condominium declaration of condominium signed?
You can visit the local land records office (local to Oceanquest Condominium) and search in the records for the Master Deed. It will show the date it was signed.You can visit the local land records office (local to Oceanquest Condominium) and search in the records for the Master Deed. It will show the date it was signed.You can visit the local land records office (local to Oceanquest Condominium) and search in the records for the Master Deed. It will show the date it was signed.You can visit the local land records office (local to Oceanquest Condominium) and search in the records for the Master Deed. It will show the date it was signed.
Are condominiums considered master associations?
No. A master association may contain multiple, separate condominium associations.
Can a unit owner add a window to their unit-not a replacement but totally new?
That depends on the rules and regulations of the condominium. You need to check the Master Deed and the Condominium Trust.
Can a condo unit be sold before a declaration of condominium is filed?
Personally, I would not buy a condominium unless my review of the complete declaration was finished. Otherwise, you (and I) have zero idea about the community you're (I'm) buying into. Whether or not it can be sold may be a local legal issue. See your state condominium statute.
How do you find out legally if an apartment style condominium has a garage?
You need to visit the land records office, look up the master deed of the condominium and read it and all the other related documents for the sections that address parking.You need to visit the land records office, look up the master deed of the condominium and read it and all the other related documents for the sections that address parking.You need to visit the land records office, look up the master deed of the condominium and read it and all the other related documents for the sections that address parking.You need to visit the land records office, look up the master deed of the condominium and read it and all the other related documents for the sections that address parking.
Can a condominium declaration be cancelled?
Condominium projects are created pursuant to state law. The governing law in your state would be recited in the body of the Master Deed that ceated the condominium. You would need to review the Master Deed for the statute and research that statute to determine how to withdraw the property from its status as a condominium. It can be done. The provisions for terminating a condominium are set forth in the statute and generally involve the assent by majority of (or all) the owners. The most common withdrawal involves a failed condominium project. In that case all the units are acquired by a single owner and that owner can apply to remove the property from classification as a condominium. Such projects are converted into rental properties. You need to check the law in your state.
Can condominium bylaws be amended to require owner occupancy?
You need to review the Master Deed of the Condominium to determine if the right to amend the by-laws was reserved, to whom it was reserved and the process by which amendments may be made.
How do you find out if your basement is considered a commone element in your condomium?
That information would be set forth in the Master Deed of the Condominium.
What is a master deed?
A Master Deed is the instrument that is used by a condominium developer (sponsor) to convert a single property to a scheme of individually owned units in multi-unit buildings that share an ownership in common areas. All unit owners and sponsors must follow the provisions, rules and regulations set forth in the Master Deed. The Master Deed is subject to statutory provisions and reflects the condominium laws in each state.
What is a Declaration of Condominium?
The recorded instrument that is sometimes called a Declaration of Condominium is the legal document that actually creates a condominium development under relevant state law. In Massachusetts it is called a Master Deed. A master deed submits the real property and the buildings to the statutory provisions that govern condominiums, divides a single property into individually owned units, includes restrictions and rules and regulations and provides for ownership of common areas.
Does the Master Deed take precident over the Master Plan and Unit Deed?
Wording in condominium lease contract says the master deed takes precedent over all underlining documents. The master plan and unit deed are based off this document.
What coverage can a condominium owner buy to offset the master policy deductible?
Work with your broker to determine your deductible exposure under the master policy, and inquire as to whether or not you can include this coverage in your HO-6 policy.
