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.
Maine Condominium Master Deed - Residential Condo Development
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How to fill out Condominium Master Deed - Residential Condo Development?
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Massachusetts law recognizes three types of deeds, each of which provides varying levels of protection for buyers and sellers. These three types are warranty deeds, quitclaim deeds, and release deeds.
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 condominium unit ? in a way that allows you to maintain a reasonable standard of living as required by Massachusetts health, safety and building laws.
Under Massachusetts General Law 183A section 6(c), the outstanding condominium fees are treated as a lien against a delinquent unit from the date they become due. A delinquent owner incurs personal liability for delinquent common charges, as well as late fees, fines, interest, and the costs of collection.
The Declaration must contain the marital status of the declarant. All title owners must sign the Declaration.
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.
Responsibilities of the Association Condominium unit owners elect the members who will govern the association. Most condominiums in Massachusetts are created as trusts, so the unit owners will elect a board of trustees to enforce the association's rules.
Among these documents is the master deed, which is required to establish a condominium. The master deed divides a single property into individually owned units, provides a master floor plan, defines common areas, and lists the rights and obligations of all unit owners. An individual unit deed is also required.
