P.R. Laws tit. 31, § 1296f
The master deed shall state at least the name of the condo hotel and the following:
(a) A description of the land and a general description of what has been built therein, stating their respective areas and construction materials.
(b) A description of each lodging unit, commercial unit, and residential unit, and number of units of each kind, stating their measurements, location, bedrooms, rooms, main entrance door, and any other necessary information for their identification.
(c) A description of the common property.
(d) A description of the common elements of the leasing program and the powers and obligations of the administrator with respect to the condo hotel.
(e) Total surface area of the lodging units, commercial units, and residential units in the real property and the surface area of each lodging unit, commercial unit, and residential unit.
(f) The share percentage of the owners of the real property in the common property and common elements.
(g) The right and way to vote attributable to each one of the owners of the real property.
(h) The method to be employed for the imposition and collection of basic expense fee and program administration expense fees to each owner of the real property, and should any distinction be established by the administrator or his/her agent with respect to the amount of said fee and the manner to collect the same, a description of the grounds for such distinction and the method to implement the same.
(i) The method by means of which a condo hotel regime, a leasing program or a leasing contract may or shall be terminated before their expiration date in the event of expropriation and substantial damage to or destruction of a condo hotel and the consequences of such termination, including, but not limited to, the manner in which the properties or the proceeds obtained from the leasing program shall be applied, held or distributed among the different owners of lodging units and the designation of a specific entity to represent the different owners of the real property in the agreement and/or adjustment of such claims.
(j) Description of the powers and duties of the administrator with respect to the condo hotel.
(k) The procedure to be followed to amend, modify or supplement the provisions of the master deed.
History —Aug. 12, 2008, No. 249, § 4.107; Dec. 16, 2009, No. 178, § 8; June 24, 2010, No. 67, § 8.