Common use of Condominium Declaration Clause in Contracts

Condominium Declaration. The purchase of a unit in a condominium includes such accessory rights as are included in a recorded condominium declaration. The Property is warranted to be a part of a condominium declaration made in accordance with LSA‐R.S. 9:1121.101, et seq. as on file in the public records of the parish in which the unit is located (the “Declaration”). SELLER desires to convey to BUYER the Property together with an undivided ownership interest in the common elements of the condominium project known as as the common elements are established in the Declaration. BUYER purchases the Property subject to the Condominium Declaration, Condominium Owner’s Association By‐laws, Articles of Incorporation of the Association, and Association Rules and Regulations applicable thereto. Ownership of the Property to be transferred shall further include an undivided share of all common expenses and common surplus, as defined by the Declaration. Further, the legal description of the Property to be conveyed shall be controlled by the Declaration.