630                              LAWS OF MARYLAND                      [CH. 387

transferred by the master deed or lease shall apply to any such
deed or portion thereof recorded solely for the purpose of complying
with the establishment of the horizontal property regime.

(b) All instruments affecting the title to individual units on
sale or subsequent resale and as mortgages and other encumbrances
shall be recorded AND TAXED as in other real estate transactions.

124. CONTENTS OF MASTER DEED.

(a) Contents of the master deed shall express the following parti-
culars:

(b) (A) The description of the land and the building expressing
their respective areas;

(c) (B) The general description and number of each unit express-
ing its area, location, and any other data necessary for its identifica-
cation. Such information may be wherever possible incorporated by
reference to the plat; and

(d) (C) The description of the general common elements of the
building, and, in proper cases, of the limited common elements re-
stricted to a given number of units, expressing which are those units;

(e) (D) Value of the property and of each unit, and, according to these
basic values, the percentage appertaining to the co-owners in the
expenses of and rights in the elements held in common.

125.  BY-LAWS; INSERTING OR APPENDING TO MASTER
DEED.

The administration of every building constituted into a horizontal
property regime shall be governed by bylaws which shall be inserted
in or appended to and recorded with the master deed.

126.  NECESSARY CONTENTS OF BY-LAWS.

(a) The by-laws must necessarily provide for at least the following:

(b) (A) Form of administration, indicating whether this shall be in
charge of an administrator, A manager, or of a board of directors or
board of administration, or otherwise, and specifying the powers,
manner of removal, and, where proper, the compensation thereof.

(c) (B) Method of calling or summoning the co-owners to assemble;
that a majority of co-owners is required to adopt decisions, except as
otherwise provided in this subtitle; who is to preside over the meeting
and who will keep the minute book wherein the resolutions shall be
recorded.

(d) (C) Care, upkeep and surveillance of the building and its gen-
eral or limited common elements and services.

(e) (D) Manner of collecting from the co-owners for the payment
of common expenses.

(f) (E) Designation, hiring, and dismissal of the personnel neces-
sary for the good working order of the building and for the proper
care of the general or limited common elements and to provide services
for the building.