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Master Deed

Definition of "Master deed"

Norah  Murphy
  Coldwell Banker

Filed by a condominium developer or converter for the purpose of recording all of the individual condominium units owned within a condominium development. For example, a condominium developer secured a piece of property for the purpose of developing a condominium complex. The developer then recorded a master deed showing the individual condominium units within the complex. Restrictions and covenants may be included with the master deed.

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