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Session Laws, 1974
Volume 713, Page 392   View pdf image
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392                                                  LAWS OF MARYLAND                               [Ch. 12

(A)  EACH CO-OWNER MAY USE THE ELEMENTS HELD IN
COMMON IN ACCORDANCE WITH THE PURPOSES FOR WHICH THEY ARE
INTENDED, WITHOUT HINDERING OF ENCROACHING UPON THE
LAWFUL RIGHTS OF THE OTHER CO-OWNERS.

(B)  THE MANAGER OR BOARD OF DIRECTORS, AS THE CASE
MAY BE, SHALL HAVE AN IRREVOCABLE RIGHT AND AN EASEMENT
TO ENTER UNITS TO MAKE REPAIRS TO COMMON ELEMENTS WHEN
REPAIRS REASONABLY APPEAR TO BE NECESSARY FOR PUBLIC
SAFETY OR TO PREVENT DAMAGE TO PROPERTY OTHER THAN THE
UNIT.

11-108. RECORDATION OF MASTER DEED OR LEASE; RECORDATION
AND TAXATION OF INSTRUMENTS AFFECTING TITLE TO UNITS.

(A)   A MASTER DEED OR LEASE SHALL BE RECORDED IN THE
SAME MANNER AND SUBJECT TO THE SAME PROVISIONS OF LAW AS
ARE DEEDS. NO STATE OR LOCAL TRANSFER OR RECORDATION TAX
UPON THE VALUE OF THE PROPERTY 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 ESTATE TRANSACTIONS.

11-109. CONTENTS OF MASTER DEED.

CONTENTS OF THE MASTER DEED SHALL EXPRESS THE
FOLLOWING PARTICULARS:

(A)   THE DESCRIPTION OF THE LAND AND THE BUILDING
EXPRESSING THEIR RESPECTIVE AREAS;

(B)  THE GENERAL DESCRIPTION AND NUMBER OF EACH UNIT
EXPRESSING ITS AREA, LOCATION, AND ANY OTHER DATA
NECESSARY FOR ITS IDENTIFICATION. SUCH INFORMATION MAY
BE WHEREVER POSSIBLE INCORPORATED BY REFERENCE TO THE
PLAT; AND

(C)  THE DESCRIPTION OF THE GENERAL COMMON ELEMENTS
OF THE BUILDING; AND, IN PROPER CASES, OF THE LIMITED
COMMON ELEMENTS RESTRICTED TO A GIVEN NUMBER OF UNITS,
EXPRESSING WHICH ARE THOSE UNITS;

(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
FIGHTS IN THE ELEMENTS HELD IN COMMON.

11-110. BYLAWS GOVERNING ADMINISTRATION OF BUILDINGS.

 

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Session Laws, 1974
Volume 713, Page 392   View pdf image
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