(a) The master deed creating and establishing the horizontal property regime shall be:(1) Executed by the declarant or owner or owners of the real property making up the horizontal property regime; and(2) Recorded in the office of the clerk and ex officio recorder of the county where the real property subject to the horizontal property regime is located.
(1) Executed by the declarant or owner or owners of the real property making up the horizontal property regime; and
(2) Recorded in the office of the clerk and ex officio recorder of the county where the real property subject to the horizontal property regime is located.
(b) A master deed shall express the following particulars:(1) The description of the real property subject to the horizontal property regime;(2) The name of the declarant, if any, reserving the development rights and special declarant rights under this chapter, and a time limit, if applicable, for which each of the development rights or special declarant rights shall be exercised;(3) The name of the association, if any, or a description of the operations or rights reserved to the council of co-owners, in either case that will:(A) Enforce the terms and conditions expressed in the master deed; and(B) Operate and manage the common elements;(4) A description of the boundaries of each apartment or unit created by the master deed, including without limitation the apartment's or unit's identifying number and any other data necessary for the identification of the apartment or unit;(5) The description of the general common elements and, in proper cases, of the limited common elements restricted to a given number of apartments or units, expressing which are those apartments or units;(6) An allocation to each apartment or unit of the apartment's or unit's allocated interests in the common elements and common expenses, which the allocation does not have to be equal to each other such that an allocation of interests in the common elements may differ from the apartment's or the unit's allocation of common expenses;(7) A statement of the maximum number of apartments or units that may be created within the horizontal property regime but subject to any development rights under § 18-13-102(6);(8) The time period in which any development rights that are reserved by a declarant in a master deed may be exercised;(9) The method of amending a master deed;(10) The allocation to each apartment or unit a portion of the votes in the association;(11) The formula used to establish the allocations under subdivision (b)(6) of this section;(12) If the master deed permits an apartment or unit to be added to or withdrawn from the horizontal property regime, state the formula that shall be used to reallocate the allocated interest among the apartments and units included in the horizontal property regime after the addition or withdrawal of an apartment or unit; and(13) Any other matters a declarant considers appropriate.
(1) The description of the real property subject to the horizontal property regime;
(2) The name of the declarant, if any, reserving the development rights and special declarant rights under this chapter, and a time limit, if applicable, for which each of the development rights or special declarant rights shall be exercised;
(3) The name of the association, if any, or a description of the operations or rights reserved to the council of co-owners, in either case that will:(A) Enforce the terms and conditions expressed in the master deed; and(B) Operate and manage the common elements;
(A) Enforce the terms and conditions expressed in the master deed; and
(B) Operate and manage the common elements;
(4) A description of the boundaries of each apartment or unit created by the master deed, including without limitation the apartment's or unit's identifying number and any other data necessary for the identification of the apartment or unit;
(5) The description of the general common elements and, in proper cases, of the limited common elements restricted to a given number of apartments or units, expressing which are those apartments or units;
(6) An allocation to each apartment or unit of the apartment's or unit's allocated interests in the common elements and common expenses, which the allocation does not have to be equal to each other such that an allocation of interests in the common elements may differ from the apartment's or the unit's allocation of common expenses;
(7) A statement of the maximum number of apartments or units that may be created within the horizontal property regime but subject to any development rights under § 18-13-102(6);
(8) The time period in which any development rights that are reserved by a declarant in a master deed may be exercised;
(9) The method of amending a master deed;
(10) The allocation to each apartment or unit a portion of the votes in the association;
(11) The formula used to establish the allocations under subdivision (b)(6) of this section;
(12) If the master deed permits an apartment or unit to be added to or withdrawn from the horizontal property regime, state the formula that shall be used to reallocate the allocated interest among the apartments and units included in the horizontal property regime after the addition or withdrawal of an apartment or unit; and
(13) Any other matters a declarant considers appropriate.
(c) Except as may otherwise be provided in a master deed, an amendment to a master deed requires consent of all apartment owners or unit owners.