MASTER DEED Sample Clauses
The Master Deed is a foundational legal document that establishes a condominium or similar multi-unit property regime. It outlines the division of the property into individual units and common areas, sets forth the rights and responsibilities of unit owners, and typically includes provisions for governance, maintenance, and use of shared spaces. For example, the Master Deed may specify which areas are for exclusive use by certain owners and which are accessible to all residents, as well as procedures for amending the document. Its core practical function is to provide a clear legal framework for property ownership and management within a multi-unit development, ensuring orderly operation and resolving potential disputes among owners.
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MASTER DEED. Seller will provide Purchaser at Closing and transfer of title with a copy of the executed and recorded Master Deed of the Project and of the By-Laws for the Association. A copy of the recorded Master ▇▇▇▇ is available for review on the internet at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.
MASTER DEED. The developer shall submit to the Township a proposed Master Deed and Bylaws, including the Exhibit B condominium plan (“Master Deed”), for the Project. The proposed documents shall be subject to review and approval by the Township Attorney and Township staff prior to recording. The Master Deed shall be fully executed and recorded prior to the issuance of any certificate of occupancy by the Township. As part of the Master Deed, there shall be provisions obligating Developer and all future successor owners of the applicable portions of the Property to maintain and preserve all the Improvements, the private roads, drives, entranceways, parking, walkways, screening walls, landscaping, lighting, signage, greenbelts, open areas, pedestrian walkways and open area amenities, setbacks, the System and related easements and any other private common elements and Improvements for or within the Project in good working order and appearance at all times and in accordance with the Development Documents and Section 11 of this Development Agreement. The Master Deed shall also contain reference to the actions which may be taken by the Township pursuant to Section 11 in the event that the Improvements are not preserved, maintained or repaired. Additionally, the Master Deed shall identify and make reference to the Development Documents and the regulations of the Property therein, including a reference to this Development Agreement. In the event an Association is not created under Section 11 of this Development Agreement, the Master Deed shall contain provisions providing for the continued maintenance/repair of the Improvements, at no cost to the Township, and provisions requiring the levying and collection of assessments as necessary to pay the cost of such repair/maintenance and to ensure the ability to pay the cost of future repairs and maintenance of the Improvements. In addition, the Master Deed shall contain provisions granting the Township the right to enter the Property to maintain/repair the Improvements and to collect the costs associated with such action as set forth in Section 11(vi) and (vii).
MASTER DEED. The term "Master Deed" means the Declaration of ------------ Condominium establishing ▇▇▇▇▇▇▇ Square Horizontal Property Regime and the by-laws of the Association as the same may be amended from time to time.
MASTER DEED the Master Deed of the Condominium to be recorded with the Suffolk County Registry of Deeds (the “Registry of Deeds”) upon substantial completion of the Building, as the same may be amended or restated from time to time by written instrument recorded with the Registry of Deeds.