An aerial shot of Allison Park Condominiums in March of 2002.
(Courtesy Google Earth 5.0)
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*Master Deed Defined
Used by a condominium developer or converter for recording condominium development. It divides a single property into individually owned units, includes restrictions on their use and provides for ownership of common areas.
Example: When a New York apartment building was converted into a condominium, the converter filed a master deed with the city to reflect separate ownership of individual units.
*Real Estate Dictionary
