Basin Diay

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1. Compare Master Deed and Land Title.

Discuss briefly

Master Deed, A document used by condominium developers to record


the project, its division into condominium ownership; and the grant of
common areas to the condominium owners. While
Land Title, is a legal document that proves the ownership of a
property, it shows the location, description, and owners of the property

2. Compare condominium and condominium unit. Discuss briefly

Condominium, is an ownership regime in which a building is divided


into multiple units that are either each separately owned, or owned in
common with exclusive rights of occupation by individual owners.
While
Condominium unit,Means a part of the condominium project intended
for any type of independent use or ownership, including one or more
rooms or spaces located in one or more floors

3. Compare common areas and facilities. Discuss briefly

Common areas, are spaces that are shared by all residents of the
building. These areas are owned collectively by the residents and are
maintained by the condominium corporation. While

Facilities in condominiums can vary depending on the building.


Common facilities include swimming pools, gyms, function halls, BBQ
areas, and parking spaces

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