Declaration Condominium Real Estate Statement Format
Description
How to fill out Master Deed Declaration Of Condominium?
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FAQ
A condominium, in Florida, is created by the filing and recording of a Declaration of Condominium. The Declaration is the statutorily declared document of creation. The Declaration is more than a mere contract spelling out the rights and obligations of the parties.
A Condominium Information Statement (CIS) is the packet of documents provided to buyers purchasing a condo unit that is newly constructed or recently converted from a different use.
A declaration in real estate commonly refers to a Condominium Declaration, which is an indispensable legal document for creating a condominium. It includes descriptions of the property, the common elements, the ownership units and the terms and conditions concerning an acceptable use of the residence.
ACKNOWLEDGMENT ? A formal declaration made before an authorized person, e.g., a notary public, by a person who has executed an instrument stating that the execution was his or her free act.
A Condominium Declaration, also sometimes known as Master Deed, is a fundamental document that establishes the existence of and further governs the use and maintenance of a condominium property.