Pennsylvania Master Deed Declaration of Condominium
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How to fill out Master Deed Declaration Of Condominium?
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FAQ
Florida condominium law is found in Chapter 718, Florida Statutes, known and cited as the ?Condominium Act.? Chapter 718 consists of seven parts. Part I discusses the general provisions of condominium law. Part II discusses the developer's rights and obligations.
A condominium, or condo, is an individually owned residential unit in a complex or building of like units. Condo owners own their units but share common spaces, amenities, and other resources. They pay condo fees, which cover maintenance costs, amenities, and the upkeep of common spaces.
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.
In a condominium, the common facilities are owned directly by the unit owners as an interest appurtenant to the units. In a planned community, the common facilities are owned by the association, and each unit owner has a membership interest in that association because they hold the title to their unit.
Condominiums in Pennsylvania are governed by the Uniform Condominium Act, 68 Pa. Stat. §§ 3101 to 3414 (the ?UCA?).
Pennsylvania Uniform Condominium Act C.S. §§ 3101 to. 3414) was adopted in 1980 to govern the formation and operation of condominiums. Prior to the UCA, condominiums in Pennsylvania were governed by the since-repealed Unit Property Act. By definition, a condominium is a form of real estate ownership.