|
Governing Documents
- All
documents that regulate the community life
- Documents
may vary depending on type of Association (condo, townhome, etc.)
- State law
- Maintenance Declaration
- Deed
Restrictions/ CCRs
- Bylaws
- Rules and
Regulations
- Plats of
Survey and Easement Agreements (may be separate, often included in the
Declaration)
- Basic
Condominium/Townhome Legal Documents
- State
Enabling Statute-permits the creation of condominium/townhome form of
ownership and
prescribes the basis of determining ownership interest, rights and obligations of the owners,
duties
association, and the process of
dissolution of the condominium and powers of the
- Subdivision of Condominium/Townhome Plat-describes the location and
nature of the common
elements and the units
- Condominium Declaration or Master Deed-defines the units, common and
limited common
elements, and is
the collection of covenants imposed on the property to provide for:
- The basis
for allocation of percentage ownership interest
- The
obligation of each owner to share in funding the cost of association
operations
- The power,
authority, and responsibility of the association in its operations and
in
making
and enforcing rules
- Individual
Unit Deeds-comprises the individual unit deed |