Arizona Master Deed Declaration of Condominium

State:
Multi-State
Control #:
US-00674BG
Format:
Word; 
Rich Text
Instant download

Description

This form is a combination of a master deed and declaration of condominium.
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  • Preview Master Deed Declaration of Condominium
  • Preview Master Deed Declaration of Condominium
  • Preview Master Deed Declaration of Condominium
  • Preview Master Deed Declaration of Condominium
  • Preview Master Deed Declaration of Condominium
  • Preview Master Deed Declaration of Condominium
  • Preview Master Deed Declaration of Condominium
  • Preview Master Deed Declaration of Condominium
  • Preview Master Deed Declaration of Condominium
  • Preview Master Deed Declaration of Condominium

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FAQ

The master deed is one of the documents that transfer property to be owned by the condominium. 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.

Condo laws are often called Horizontal property or strata title acts. Owners have Fee simple title but share common elements to which they are tenants in common.

A condominium owner actually owns: a fee simple interest in an airspace and tenancy in common interest in a share of common elements.

Master deed. This is a deed filed by a condominium owner to record the property and allow sales of the individual condos and use of communal areas by owners.

Generally, a condominium is an estate in real property ownership representing a combination of a separate or exclusive ownership in the condominium unit and the undivided ownership interest in common with others in the common elements.

Condo owners can be described as homeowners. A condo is a living residence that requires mortgage payments, taxes, and insurance.

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Arizona Master Deed Declaration of Condominium