43-15A-4. Particulars required in master deed or lease.
The master deed or lease to which §43-15A-3 refers shall express the following particulars:
(1)The description of the land, whether leased or in fee simple, and the building or buildings, expressing their respective areas;
(2)The general description and the number of each condominium, expressing its area, location, and any other data necessary for its identification;
(3)The description of the common areas of the building or buildings; and
(4)The provisions requiring the council of co-owners to maintain insurance on the condominium.
Source: SL 1975, ch 270, §5.
Structure South Dakota Codified Laws
Section 43-15A-1 - Definition of terms.
Section 43-15A-2 - Estates subject to chapter.
Section 43-15A-3 - Establishment of condominium project--Master deed or lease.
Section 43-15A-4 - Particulars required in master deed or lease.
Section 43-15A-5 - Common areas defined.
Section 43-15A-6 - Joint or common ownership.
Section 43-15A-7 - Exclusive and common rights of owners.
Section 43-15A-8 - Recording of transfers and encumbrances of individual units.
Section 43-15A-9 - Recording of master deeds and leases--Tax inapplicable to original recordation.
Section 43-15A-11 - Fee to accompany notice of intent--Questionnaire--Form and content.
Section 43-15A-12 - Inspection of condominium project.
Section 43-15A-13 - Waiver of initial inspection.
Section 43-15A-15 - Deposit and expenditure of fees.
Section 43-15A-16 - Public report of examination findings--Status of report.
Section 43-15A-20 - True copies to be exact reproductions of commission's reports.
Section 43-15A-21 - Receipts kept by developer--Inspection--Duration.
Section 43-15A-22 - Material change in offering prohibited without written notice.
Section 43-15A-23 - Deposits held in escrow until delivery of deed.
Section 43-15A-25 - False statement, fraud, or violation of provisions as misdemeanor.
Section 43-15A-30 - Promulgation of rules to administer and enforce chapter.