Contraction of Condominium. The Condominium is established as a contractible condominium in accordance with the provisions of this Article and the Act. Any contraction under this Article is subject to the approval of the Township and the requirements set forth in the PD Agreement:
Contraction of Condominium. Section 1. The condominium is not contractible.
Contraction of Condominium. (a) As of the date this Master Deed is recorded, the Developer intends to dedicate to public use the roads and road rights-of-way shown on the Condominium Plan. Developer therefore reserves the right to withdraw from the Condominium that portion of the land described in Article II that consists of the Condominium roads and road rights-of-way as the same are shown on the Condominium Plan. At the option of the Developer, within a period ending no later than six (6) years from the date of recording this Master Deed, the land included in the Condominium may be contracted to withdraw from the Condominium roads and road rights-of- way dedicated to public use.
Contraction of Condominium
