MARVIN MANDEL, Governor                                   389

"THREE FOURTHS (3/4) OF THE CO-OWNERS" MEANS 75% OR MORE,
OF THE VOTES COMPUTED IN ACCORDANCE WITH PERCENTAGES AS
ESTABLISHED BY §11-105 OF THIS TITLE;

(I) "MASTER DEED" OR "MASTER LEASE" MEANS THE DEED
OR LEASE RECORDING THE PROPERTY OF THE HORIZONTAL
PROPERTY REGIME;

(J) "PLAT OF CONDOMINIUM SUBDIVISION" MEANS A PLAT
OF THE ENTIRE PROPERTY DESCRIBED IN THE MASTER DEED AS
SUCH PLAT IS PREPARED BY A SURVEYOR OR REGISTERED
ENGINEER DULY QUALIFIED TO CERTIFY PLATS FOR THE
SUBDIVISION OF LAND IN THE STATE OF MARYLAND, AND THE
AFFECTED POLITICAL SUBDIVISION THEREOF;

(K) "PERSON" MEANS A NATURAL INDIVIDUAL,
CORPORATION, TRUSTEE, OR OTHER LEGAL ENTITY OR ANY
COMBINATION THEREOF;

(L) "DEVELOPER" MEANS A PERSON WHO UNDERTAKES TO
DEVELOP A REAL ESTATE CONDOMINIUM PROJECT;

(M) "PROPERTY" MEANS AND INCLUDES THE LAND, WHETHER
LEASEHOLD OR IN FEE SIMPLE, THE BUILDING OR BUILDINGS,
ALL IMPROVEMENTS AND STRUCTURES THEREON, AND ALL
EASEMENTS, RIGHTS AND APPURTENANCES THEREUNTO BELONGING;

(N) "TO RECORD" MEANS TO RECORD PURSUANT TO THE LAWS
OF THIS STATE AND THE AFFECTED POLITICAL SUBDIVISION
RELATING TO THE RECORDING OF DEEDS AND PLATS;

(0) "COMMON EXPENSES" WEANS AND INCLUDES:

(1)   ALL SUMS ASSESSED AGAINST THE UNIT OWNERS
BY THE COUNCIL OF CO-OWNERS PURSUANT TO § 11-116 OF THIS
TITLE;

(2)   EXPENSES OF ADMINISTRATION, MAINTENANCE,
REPAIR OR REPLACEMENT OF THE COMMON AREAS AND FACILITIES,
INCLUDING REPAIR AND REPLACEMENT FUNDS AS MAY BE
ESTABLISHED;

(3)  EXPENSES AGREED UPON AS COMMON EXPENSES BY
THE COUNCIL OF CO-OWNERS;

(4)   EXPENSES DECLARED COMMON EXPENSES BY THE
PROVISIONS OF THIS TITLE OR BY THE BYLAWS.

(P) "COMMON PROFITS" MEANS THE      BALANCE OF ALL

INCOME, RENTS, PROFITS AND REVENUE FROM   THE COMMON AREAS

AND FACILITIES REMAINING AFTER DEDUCTION OF THE COMMON
EXPENSES.

11-102. ESTABLISHMENT OF HORIZONTAL PROPERTY REGIME.