The declaration essentially serves as “the constitution” of a condominium that describes in detail the function, powers and rights of the corporation, along with the obligations of the owners. The declaration, which should be provided to potential buyers along with other documentation, outlines the division of ownership within the condominium corporation. It defines the units and common elements and specifies the interest each owner has in the common elements. The declaration also establishes a legal relationship between owners and the corporation to manage the collective affair, and to allow the condominium corporation to levy fees.
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