Massachusetts Real Estate License Practice Test

What does a Condo Master Deed include?

1. Names of residents

2. Floorplans and descriptions of each unit

3. Current market value of units

4. Insurance policy details

The correct answer is: Floorplans and descriptions of each unit

A Condo Master Deed is a fundamental legal document that outlines the structure and layout of a condominium complex. It primarily includes detailed floorplans and descriptions of each unit, which serve to delineate the specific boundaries of individual units and common areas within the property. This information is crucial for unit owners and prospective buyers, as it clarifies ownership rights and responsibilities within the condominium community. By having precise descriptions and floorplans, residents understand how their units relate to one another and the shared spaces, which is essential for the management and governance of the condominium. The other options do not belong in the Master Deed. Names of residents may be maintained in association records but are not part of the Master Deed. Current market value of units is also not included, as property values fluctuate and are determined through market analysis rather than being a fixed part of the legal documents. Lastly, insurance policy details are typically included in separate association documents, not in the Master Deed itself.