The basic condominium document that must be registered by the developer before the first unit is sold; this declaration thoroughly describes the entire condominium entity, including each unit and all common areas
The document which, when recorded, creates a condominium. Also called a master deed.
The declaration is a "charter" document that creates the condominium corporation. It defines the boundaries for each home and the common elements. It allocates responsibility for the repair and maintenance of the homes and common elements; outlines the condominium' s provisions regarding occupancy and use; specifies common expenses and each owner' s proportionate interest in the common elements; and details each owner' s percentage share of the overall common expenses.
The document which establishes a condominium and describes the most important property rights of the unit owners. Special statutes in each state prescribe the contents of this document, known in some states as a master deed.
A declaration describes condominium ownership. It commits the property to condominium development, defines the complex and the air spaces, the general common elements and limited common elements and establishes the basic rights and obligations of the owners. In addition, it provides for the creation of a management association with the authority to collect common expenses and otherwise act for the benefit of all owners. It makes it possible for the assessor to tax each unit separately.
The written documents that establish a condominium, including describing the property rights of the unit owners.