Master Deed Condominium Meaning In Middlesex
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The master deed is one of the documents that transfer property to be owned by the inium. It includes a description of the land and buildings, a description of what is the common area and what the individual owners own, a determination of percentage interest, a plot plan, and use restrictions.
Federal laws - In addition to state law regulations, the federal government has laws that govern the operation of homeowners' associations, iniums, and other residential properties in the state of Massachusetts.
What Are My Rights as a Condo Owner? As a condo owner, you have the right to use your unit as provided in the master deed – if it's a residential inium unit – in a way that allows you to maintain a reasonable standard of living as required by Massachusetts health, safety and building laws.
A inium association (COA) does have authority to get a court order requiring a unit owner to evict a tenant. Whether or not the COA would be successful under your facts and circumstances is questionable.
The rules found in the Massachusetts inium Act include mandatory provisions that must be included in the bylaws, interests in common areas of the inium, and expenses incurred by the unit owners' association. The provisions also explain the fundamental attributes of a inium.
Your will can only give away assets that are entirely yours, so if you own partial interest in the land—for example, as a tenant in common with siblings—then you can only give away your share of the ownership. As previously noted, a will cannot override the ownership of the land as stated on your deed.
Essentially a quitclaim deed provides the same protections as a warranty deed, except it limits how far back in time the grantor is liable for any problems resulting from the title.
In Massachusetts, there are primarily three types of deeds that are used in all transactions: Release Deeds, Quitclaim Deeds, and Warranty Deeds. The vast majority of property in Massachusetts is transferred via a quitclaim deed.
