The declaration and bylaws and any amendments to either made pursuant to RSA 356-B:33 shall be duly executed by or on behalf of all of the owners and lessees of the submitted land. But the phrase "owners and lessees'' in the preceding sentence and in RSA 356-B:25 does not include, in their capacity as such, any mortgagee, any trustee or beneficiary under a deed of trust, any other lien holder, any person having an inchoate dower or curtesy interest, any person having an equitable interest under any contract for the sale and/or lease of a condominium unit, or any lessee whose leasehold interest does not extend to any portion of the common area.
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