Property Ownership
In South Dakota, a condominium 'declaration' is a document that:
ADeclares the building to be for commercial use only
BEstablishes the condominium, defines units and common areas, and sets rights and restrictions for owners✓ Correct
CIs filed with the SDREC to register the development
DDeclares all units to have equal value
Explanation
The condominium declaration (or master deed) is the foundational document that establishes the condominium, describes the individual units and common areas, and sets rules for ownership and use.
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