A master deed or lease shall be recorded in the same manner and subject to the same provisions of law as are deeds; provided, that no state or local recordation tax upon the value of the property transferred shall apply to any such deed or portion thereof recorded solely for the purpose of complying with the provisions of § 55-79.3.Provisions shall be made for the recordation of the individual apartments on subsequent resales, mortgages and other encumbrances, as is done with all other real estate recordation. The master deed or lease to which § 55-79.3 refers shall express the following particulars:
(a. The description of the land, whether leased or in fee simple, and the building or buildings, expressing their respective areas;
(b. The general description and the number of each apartment, expressing its area, location and any other data necessary for its identification;
(c. The description of the general common elements of the building or buildings; and
(d. The provisions requiring the council of co-owners to maintain insurance on the horizontal property regime.
History
1962, c. 627, § 7; 1966, c. 683; 1973, c. 375.
