What is the main deed?

When the developer plans to divide the land into condoms units, it must be prepared and recorded with the relevant government office in jurisdiction where the soil is located. The main document will show the distribution of assets into separate units and also indicate where the common areas will be proposed. As with all acts, any limitation of assets is generally reported on the main list. The common areas, along with the main systems such as heat and air, are jointly owned by the owners of individual units. Although each individual owner of the unit receives a property list for his unit, the main document must be submitted for the overall development before the first individual unit is usually sold. Unlike other acts, however, the main document explains how the assets should be divided into individual units. For example, if the project has 100 separate units, then it will reflect the main document.

together with the determination of how many separate units will have a project of condominium, the main document also indicates where the common areas will be, and legally grants the owners of these areas to individual owners. Common spaces usually include sidewalks, corridors, parking and grassy areas, laundry and pool areas. These areas are usually maintained by a condom association, which consists of all individual owners. In addition, they are the main systems such as heating and cooling, the responsibility of the Condominia Association. In most cases, individual owners must pay a monthly maintenance fee and maintenance of common areas.