A New Hampshire Condominium Master Deed is a legal document that governs the establishment and operation of a residential condominium development in the state of New Hampshire. It holds significant importance as it outlines the rights, responsibilities, and limitations of both the unit owners and the condominium association. The Master Deed serves as the foundation of the entire condominium project, providing a clear understanding of the division of ownership between individual units and common areas. It typically includes detailed information about the physical boundaries of each unit, common areas, and limited common areas. Keywords: New Hampshire, condominium, master deed, residential, condo development, unit owners, condominium association, common areas, limited common areas. Different Types of New Hampshire Condominium Master Deed — Residential Condo Development: 1. Traditional Condominium Master Deed: This type of master deed is the most common and outlines the ownership rights and responsibilities of unit owners in a residential condo development. It defines the physical boundaries of each unit, common areas such as lobbies, hallways, and recreational facilities, and the responsibilities of the condominium association. 2. Conversion Condominium Master Deed: A conversion condominium occurs when an existing building, such as an apartment complex or office building, is converted into individually owned residential units. The master deed in this case would detail the process of conversion, the rights of current tenants versus new owners, and any changes made to the original structure. 3. Declarant-Controlled Condominium Master Deed: In some cases, the developer or declaring retains control over the condominium association until a specific percentage of units are sold. The master deed for a declarant-controlled condominium would provide details regarding the transition of control, the developer's responsibilities, and any special privileges or restrictions associated with this arrangement. 4. Senior Housing Condominium Master Deed: These types of condominium developments are specifically designed for senior citizens and may have additional features or restrictions tailored to their needs. The master deed in a senior housing condo development could include provisions for age restrictions, medical facilities, accessibility features, and special amenities. 5. Mixed-Use Condominium Master Deed: A mixed-use condominium combines residential units with commercial or retail spaces. The master deed for a mixed-use condo development would outline the different ownership rights, regulations, and maintenance responsibilities for both residential and commercial owners. It may also specify rules for shared spaces, like parking areas or common entries. In conclusion, a New Hampshire Condominium Master Deed is a crucial legal document that provides a comprehensive framework for the establishment and functioning of residential condominium developments. It ensures the smooth operation of the community and protects the rights and interests of both unit owners and the condominium association.
New Hampshire Condominium Master Deed - Residential Condo Development
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