US Legal Forms
Condominium Master Deed - Residential Condo Development

Condo Common Element For Rent In Kings

Category:

Real Estate - Condominiums

State:

Multi-State

County:

Kings

Control #:

US-00454

Format:

Instant download

Description

The Master Deed establishes a condominium project in Kings County, focusing on the rental of common elements within the condo. The document outlines essential features such as the legal description of property, definitions of units, and rights related to common and limited common elements. It details the responsibilities for maintenance, repair, and insurance of the common areas, specifying co-owner and association duties. The form serves as a crucial tool for attorneys, partners, owners, associates, paralegals, and legal assistants involved in property rental agreements, guiding them in the association's operations and individual rights. Users can edit the document to reflect specific details about the project, such as unit numbers and maintenance responsibilities. The document also clarifies the general common elements, including roads, landscaping, and utilities, enhancing clarity around shared responsibilities. Moreover, the Master Deed defines the terms for potential expansion and modifications to the development, making it useful for any future legal agreements related to the condominium project.

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FAQ

Inium common areas are community spaces that residents can access within the neighbourhood. These areas are available to all homeowners for use and enjoyment. While all iniums are unique and offer different amenities, some common area examples include: Swimming pools.

A Common Element inium is comprised solely of common elements such as a private road, parking spaces, mailbox pad, play area and any other common elements and do not include dwelling units/lots.

Residential inium, the Common Elements may include the land, the exterior and common areas of buildings (entranceway, halls, elevator, meeting room, etc.), landscaping, roads, any outside parking areas, outdoor lighting, any recreational facilities (swimming pool, tennis courts, clubhouse, etc.)

Common Elements of the inium Corporation are the land and structures in the inium Corporation other than the units themselves, such as the exterior landscaped areas, recreational facilities, parking garage, hallways, elevators, corridors, public washrooms, lobby areas, driveways, garbage rooms, electrical ...

Inium structure means the principal building or structure intended for or constructed upon a lot or building site, together with any attached accessory structures; e.g. in a residential development, the inium structure would refer to the house and any attached garage.

Kitchen appliances within the units are not considered part of the common elements of a inium project since they are typically owned and maintained by individual unit owners. Swimming pools and greenbelt areas are examples of common elements as they are shared facilities within the inium project.

Common elements are owned in undivided shares by all inium unit owners as tenants in common and include portions of the inium shared or used in common by the inium's residents. Examples of common elements are: Building structural components and systems. Lobbies.

This means common elements could include, but are not limited to, all the following: land, foundations, hallways, stairways, entrances and exits, common parking areas, storage areas, basement, roof, incinerator, pipes, ducts, electrical wiring and conduits, central heating and air, public utility lines, floors, ...