Wake North Carolina Condominium Master Deed - Residential Condo Development

• Category: Real Estate - Condominiums
• State: Multi-State
• County: Wake
• Control #: US-00454
• Format: Word; Rich Text

Description

This form is a Master Deed. This Master Deed is executed by a developer pursuant to the provisions of the Condominium Act. The deed contains a legal description of the project and the responsibilities of the co-owner. The Wake North Carolina Condominium Master Deed is a legal document that outlines the governance and regulations of a residential condo development located in Wake County, North Carolina. It serves as the foundation for the management and operation of the condominium complex, ensuring a harmonious living environment for its residents. Keywords: Wake North Carolina, Condominium, Master Deed, Residential, Condo Development, regulations, governance, management, operation, harmonious living environment. This master deed sets forth the rights and responsibilities of the unit owners, as well as the obligations of the condominium association and its board of directors. It establishes rules related to property use, maintenance, and common area management, providing a comprehensive framework for the community's operations. In Wake North Carolina, there can be various types of Condominium Master Deeds — Residential Condo Developments, depending on the specific characteristics of each property. Some potential types of Wake North Carolina Condominium Master Deeds are: 1. Standard Residential Condo Development: This refers to a typical residential condominium complex consisting of individually owned units within a larger building or a group of buildings. These developments often include amenities such as common areas, fitness centers, swimming pools, or parking facilities. 2. Luxury Condo Development: This type of residential condo development caters to high-end buyers looking for upscale living. These properties usually offer luxurious amenities and services like concierge service, high-end finishes, spacious floor plans, and exclusive clubhouses or private recreational areas. 3. Mixed-Use Condo Development: Wake North Carolina also accommodates mixed-use condominium projects, where residential units exist alongside commercial spaces. This type of master deed includes provisions for both residential and commercial unit owners, addressing specific regulations regarding operating businesses within the development. 4. Age-Restricted Condo Development: These types of condominiums are designed specifically for residents above a certain age (usually 55 and over). They may include amenities and features conducive to an active adult lifestyle, such as fitness centers, walking trails, and community events tailored to older residents. 5. Waterfront or Beachfront Condo Development: Wake North Carolina is home to several bodies of water, making it possible to find condominium projects situated alongside lakes, rivers, or even the coast. These condo developments often offer breathtaking views and water-related amenities like private docks, boat slips, or beach access. Overall, the Wake North Carolina Condominium Master Deed — Residential Condo Development serves as a crucial legal document that governs the operations and regulations of these communities, ensuring a well-maintained, organized, and enjoyable living environment for its residents.

The Wake North Carolina Condominium Master Deed is a legal document that outlines the governance and regulations of a residential condo development located in Wake County, North Carolina. It serves as the foundation for the management and operation of the condominium complex, ensuring a harmonious living environment for its residents. Keywords: Wake North Carolina, Condominium, Master Deed, Residential, Condo Development, regulations, governance, management, operation, harmonious living environment. This master deed sets forth the rights and responsibilities of the unit owners, as well as the obligations of the condominium association and its board of directors. It establishes rules related to property use, maintenance, and common area management, providing a comprehensive framework for the community's operations. In Wake North Carolina, there can be various types of Condominium Master Deeds — Residential Condo Developments, depending on the specific characteristics of each property. Some potential types of Wake North Carolina Condominium Master Deeds are: 1. Standard Residential Condo Development: This refers to a typical residential condominium complex consisting of individually owned units within a larger building or a group of buildings. These developments often include amenities such as common areas, fitness centers, swimming pools, or parking facilities. 2. Luxury Condo Development: This type of residential condo development caters to high-end buyers looking for upscale living. These properties usually offer luxurious amenities and services like concierge service, high-end finishes, spacious floor plans, and exclusive clubhouses or private recreational areas. 3. Mixed-Use Condo Development: Wake North Carolina also accommodates mixed-use condominium projects, where residential units exist alongside commercial spaces. This type of master deed includes provisions for both residential and commercial unit owners, addressing specific regulations regarding operating businesses within the development. 4. Age-Restricted Condo Development: These types of condominiums are designed specifically for residents above a certain age (usually 55 and over). They may include amenities and features conducive to an active adult lifestyle, such as fitness centers, walking trails, and community events tailored to older residents. 5. Waterfront or Beachfront Condo Development: Wake North Carolina is home to several bodies of water, making it possible to find condominium projects situated alongside lakes, rivers, or even the coast. These condo developments often offer breathtaking views and water-related amenities like private docks, boat slips, or beach access. Overall, the Wake North Carolina Condominium Master Deed — Residential Condo Development serves as a crucial legal document that governs the operations and regulations of these communities, ensuring a well-maintained, organized, and enjoyable living environment for its residents.