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Condominium Concepts. - Note # 2
Condominium Concepts. - Note # 2
Notes # 2:
In the absence of any provision in the master deed, all unit owners shall
have equal share in the common areas. If the intent is to pro-rate the unit
owners’ interest on the common areas, such fact must be expressly provided
in the master deed. The interest based on floor area of ownership is arrived
at by dividing the unit area by the total floor area of all condominium units.
Condominium Corporation