Property Ownership

What is a 'condominium declaration' in Delaware?

AA marketing document for a new condo development
BThe legal document recorded to create a condominium, describing the project, units, common elements, and ownership interests✓ Correct
CThe condominium association's annual financial report
DA declaration by the owner of their intent to convert to condominium form

Explanation

A condominium declaration (also called a 'master deed' or 'declaration of condominium') is the recorded document that legally creates the condominium regime, describing the property, units, common elements, percentage interests, and governance structure.

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