What should the JOP Declaration include regarding the project's common areas?

The correct answer focuses on including a site plan and community rules in the JOP (Jointly Owned Property) Declaration, which is essential for defining how common areas will be managed and utilized in a shared property setting. A site plan provides a visual representation of the project's layout, displaying the common areas such as parks, pools, and parking spaces, which is crucial for prospective buyers and residents to understand the community's structure and accessibility.

Additionally, having community rules outlined ensures that all unit owners and tenants are aware of the regulations governing the use of these shared spaces. This fosters a harmonious living environment and helps prevent conflicts among residents regarding the use of common areas. Establishing clear rules helps in maintaining order and can also incorporate various guidelines for cleanliness, maintenance, and the use of facilities.

The other options do not encompass the full scope of what is necessary in the JOP Declaration. While financial costs, property square footage, and leasing terms may be important details for certain aspects of real estate agreements, they do not address the specific needs of residents regarding the communal aspects of the property, which is the focus of this question.