What is a master deed usually associated with in real estate?

A master deed is primarily associated with the creation and establishment of a condominium development. This legal document serves a crucial role in the real estate process by formally conveying land to a condominium developer, laying the foundation for the subdivision of the property into separate units that can be individually owned.

The master deed outlines the structure of the condominium, including the specific units, common areas, and any limitations or restrictions on property use. It is an essential document for the establishment of condominium ownership and the governance of the community, as it defines the rights and responsibilities of unit owners within the condominium association.

This document effectively sets the legal framework for the condominium and is pivotal in ensuring that all pertaining regulations are adhered to by both the developer and future owners, making it fundamental in real estate transactions concerning condominiums.