TEL3 Master Deed (5 of 16)

• ... necessary or useful to the existence or convenient to the maintenance and/or safety of the Project, but not a part of any Unit;

• (h)   All other apparatuses, equipment, installations and facilities not mentioned herein but existing on the Project for the common use and/or convenient to the existence, maintenance and/or safety of the Project; 

• (i)   All other property rights herein granted in favor of the Condominium Corporation, or otherwise established in favor of or for the benefit of the Project under the Master Deed.

Section 6.    The Limited Common Areas.    The following Common Areas shall be set aside and assigned to the exclusive use of the respective condominium units hereinbelow specified and each of such unit shall have an exclusive easement for the use of the particular Limited Common Areas assigned to it :

• (a)   All balconies and terraces, the exclusive use and enjoyment of which are reserved to the owners of the particular unit or units from which such balconies and terraces extend.

• (b)   All maintenance Of and repairs to the Limited Common Areas shall be made by, and at the expense of, the unit(s) to whom such areas are assigned.

• (c)   The condominium corporation referred to in Section 8 hereof may, from time to time assign such portions of the available or unutilized land spaces around the Project for the exclusive use of particular unit's upon payment of such fees as the condominium corporation may prescribe or determine. The condominium corporation may subsequently cancel, amend or revise any such classification of the Common Areas into Limited Common Areas as may have been effected by it pursuant to this paragraph. (Hereinafter. unless the contract requires. the term Common Areas shall be deemed to include Limited Common Areas).

Section 7.    Nature of Interests of Unit Owners.

• (a)   The purchaser of a unit shall acquire upon execution of the Deed of Absolute Sale title to or ownership of such unit, subject to provisions of this Master Deed, and further to the terms and conditions of the instrument conveying the unit from the DECLARANTS to such purchaser or to the terms and conditions of any subsequent conveyance under which the purchaser takes title to the unit; provided however that in case of inconsistency, the Master Deed shall prevail.

• (b)   The owner or purchaser of a unit shall further acquire a non-exclusive right to utilize the Common Areas.

• (c)   The owner of a unit shall further acquire an appurtenant interest or participation in the Condominium Corporation, equal to the percentage share which the weighted floor area of the Unit bears to the total floor area of all the units in the Project, by virtue of which interest the Unit owner further acquires an indirect undivided interest in the Common Areas in proportion to his interest or participation in the Condominium Corporation, thus :

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Source Document :

TEL3 Master Deed (Page 5 of 16)

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