(1) A unit is created by the recording of the declaration and a condominium plat that describes the unit.
(2) An association of unit owners shall, according to each unit owner's respective percentage or fractional undivided interests in the common areas and facilities: (a) distribute the property's common profits among the unit owners; (b) except as otherwise provided in the declaration for unconstructed units, assess the unit owners the property's common expenses; and (c) make voting rights available to the unit owners.
(a) distribute the property's common profits among the unit owners;
(b) except as otherwise provided in the declaration for unconstructed units, assess the unit owners the property's common expenses; and
(c) make voting rights available to the unit owners.
(3) (a) After the recording of a condominium project's declaration, an unconstructed unit is a unit for the purposes of the declaration and this chapter, including: (i) allocation of undivided interests in the common areas and facilities in accordance with Subsection 57-8-7(2); and (ii) voting rights in accordance with Section 57-8-24. (b) Subsection (3)(a) applies to a condominium project regardless of when the condominium project's initial declaration was recorded.
(a) After the recording of a condominium project's declaration, an unconstructed unit is a unit for the purposes of the declaration and this chapter, including: (i) allocation of undivided interests in the common areas and facilities in accordance with Subsection 57-8-7(2); and (ii) voting rights in accordance with Section 57-8-24.
(i) allocation of undivided interests in the common areas and facilities in accordance with Subsection 57-8-7(2); and
(ii) voting rights in accordance with Section 57-8-24.
(b) Subsection (3)(a) applies to a condominium project regardless of when the condominium project's initial declaration was recorded.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.