Whenever a developer, the sole owner, or the co - owners of a building or buildings expressly declare, through the recordation of a master deed or lease, which shall set forth the particulars enumerated by § 43-15A-4 , their desire to submit their property to the formation of a condominium established by this chapter, there shall be thereby established a condominium project. Source: SL 1975, ch 270 , § 2.