Condominium Phasing. The Condominium may be developed as a phased Condominium, each phase of which may include one (1) or more Buildings, as defined under Paragraph 5(a) hereof. Paragraph 17 hereof sets forth the procedures to add additional phases to the Condominium.
Condominium Phasing. The Declarant currently plans to develop the Condominium as a phased Condominium, each Phase of which shall contain one or more Units and/or one or more common facilities or elements. Section VIII (C) hereof sets forth the Declarant’s easements and rights to add additional land, buildings, Units, Exterior Parking Spaces and Phases, and the procedure whereby the Declarant may amend this Master Deed at any time and from time to time, and all unit owners, and all those claiming by, through or under them shall be deemed to have consented to such amendments, and, except for the signature of the Declarant, no signature of any owner, or any mortgagee, or any Trustee of the Condominium Trust, or any person claiming by, through, or under any owner (including the holder of any mortgage or other encumbrance with respect to any Unit), or any other party, shall be necessary so as to add additional land, buildings, Units, Garages, Exterior Parking Spaces and Phases to the Condominium. The buildings located at 0 Xxxxxxx Xxx, 00 Xxxxxxx Xxx and 3 Coral Lane, each consisting of one Unit shall constitute the first Phase of the Association (shown on said plans). When all Phases and Sub-Phases are completed there will be a total of twenty-nine (29) buildings, containing a total of thirty-one (31) units, all as shown on the Site Plan. Section VIII (C) also describes the Declarant’s additional rights in connection with phasing, and certain limitations on the Declarant’s phasing rights. THE DECLARANT HEREBY ONLY SUBMITS PHASE I, BEING THE THREE (3) UNITS LOCATED AT 0 XXXXXXX XXX, 00 XXXXXXX XXX XXX 0 XXXXX XXXX, TO THE CONDOMINIUM AT THIS TIME. THE DECLARANT’S PRESENT INTENTION IS TO ADD ADDITIONAL UNITS THROUGH FUTURE PHASES AND SUB-PHASES.
