Fair Housing

What is a 'master deed' in an Idaho condominium and its relationship to fair housing?

AA deed held by the HOA master organization

BThe recorded document creating the condominium regime; it cannot contain provisions that discriminate against protected classes✓ Correct

CA deed that supersedes all individual unit deeds

DA deed required by fair housing law

Explanation

A master deed (declaration) creates the condominium regime and establishes CC&Rs. Any provisions in the master deed that discriminate based on protected classes are unenforceable as violations of the Fair Housing Act.

People Also Study

Key Terms to Know

Fair Housing Act

Federal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

Steering

An illegal practice where a real estate agent directs buyers toward or away from certain neighborhoods based on the buyer's race, religion, national origin, or other protected characteristics.

Private Mortgage Insurance (PMI)

Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.