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.
Idaho Condominium Master Deed - Residential Condo Development
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FAQ
Probably one of the most distinct features of condominium ownership lies in the concept of ?undivided ownership interest? of the common elements. All unit owners as members of the condominium's association share ownership of the common elements.
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.
What is needed to create a condominium property? Condominium declaration and master deed.
Condo owners can be described as homeowners. A condo is a living residence that requires mortgage payments, taxes, and insurance.
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.
The bright line for emancipation is found at Idaho Code §32-101. That code section defines a minor as a male or female under the age of 18 years. Thus, once a child attains the age of 18, they are an adult and emancipated.
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.
Idaho's Constitution follows the Fifth Amendment to the United States Constitution which provides that no person be deprived of life, liberty or property without due process of law, and that private property cannot be taken for public use without just compensation.
