Condominium Common Element With Bright Red Highlights In Franklin

• Category: Real Estate - Condominiums
• State: Multi-State
• County: Franklin
• Control #: US-00454
• Format: Word; Rich Text

Description

The Master Deed serves as a foundational document establishing a condominium project under the provisions of the Condominium Act. It discusses the title and nature of the project, provides a legal description of the property, and outlines key definitions used throughout the document. A crucial section details the common elements of the condominium, highlighting both general and limited common elements that include roads, utility lines, and specific areas designated for exclusive use by certain units. The responsibilities for maintenance, decoration, and repair of these common elements are clearly defined, ensuring that co-owners and the association understand their obligations. Filling instructions guide users in completing the legal descriptions and defining elements relevant to the property. The document is essential for various legal professionals, including attorneys, partners, owners, associates, paralegals, and legal assistants, as it lays the groundwork for property rights, responsibilities, and governance within the condominium project. For example, it addresses how modifications, easements, and expansions can occur, providing a framework for potential alterations in property use and ownership. Additionally, the document includes provisions for utility easements and ensures compliance with zoning ordinances. The effective use of this form helps prevent disputes and establishes clear agreements among all parties involved.