This form is a Master Deed. This Master Deed is executed by a developer pursuant to the provisions of the Condominium Act. The deed contains a legal description of the project and the responsibilities of the co-owner.
Georgia Condominium Master Deed - Residential Condo Development
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FAQ
The individual units normally share walls, but that isn't a requirement. The main difference between condos and regular single homes is that there is no individual ownership of a plot of land. All the land in the condominium project is owned in common by all the homeowners.
A condominium shall come into existence upon the recordation of the declaration pursuant to this article and of the plats and plans required by Code Section 44-3-83. The declaration shall be duly executed by or on behalf of all of the owners and lessees of the submitted property. Ga.
Ing to the GCA, in order to create a condominium, the declarant must create and file three documents in the land records of every county where the property is located. If the property straddles more than one county, then these documents must be recorded in each relevant county.
If insurance to cover property damage caused by water has not been obtained by the condominium association, or if the water damage does not constitute a ?covered claim? by the insurance company, absent negligence and/or an intentional act, each party is responsible to repair and replace the Unit and/or the Common ...
