master deed

Definition of "master deed"
  1. A document that places a piece of land under the rules of state law related to condominiums and provides necessary information such as details about the units, common spaces, bylaws, and the rights of the owners, as mandated by state law
How to use "master deed" in a sentence
  1. To complete the condominium's legal requirements, the developer submitted a master deed to the state.
  2. The master deed outlined the specific rights and responsibilities of each condo owner.
  3. Before purchasing the unit, the prospective buyer thoroughly reviewed the master deed.

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