390                                          LAWS OF MARYLAND                          [Ch. 12

WHENEVER A DEVELOPER, OWNER, OR CO-OWNERS OF ANY
PARCEL OF LAND AND IMPROVEMENTS IN THIS STATE EXPRESSLY
DECLARE, THROUGH THE RECORDATION OF A MASTER DEED OR
LEASE, TOGETHER WITH A PLAT, IN THE FORM AND WITH THE
REQUIREMENTS SPECIFIED IN THIS TITLE, THEIR DESIRE TO
SUBMIT THEIR PROPERTY TO THE REGIME ESTABLISHED BY THIS
TITLE THERE IS THEREBY ESTABLISHED A HORIZONTAL PROPERTY
REGIME.

11-103. STATUS OF CONDOMINIUM UNITS WITHIN A HORIZONTAL
PROPERTY REGIME.

WHENEVER PROPERTY IS SUBDIVIDED INTO A HORIZONTAL
PROPERTY REGIME, A CONDOMINIUM UNIT IN THE BUILDING OR
BUILDINGS MAY BE INDIVIDUALLY CONVEYED, LEASED AND
ENCUMBERED AND MAY BE INHERITED OR DEVISED BY WILL, AS IF
IT WERE SOLELY AND ENTIRELY INDEPENDENT OF THE OTHER
CONDOMINIUM UNITS IN THE BUILDING OR BUILDINGS OF WHICH
IT FORMS A PART. THE SAID SEPARATE UNITS SHALL HAVE THE
SAME INCIDENTS AS REAL PROPERTY AND THE CORRESPONDING
INDIVIDUAL TITLES AND INTEREST THEREIN SHALL BE
RECORDABLE.

11-104. JOINT TENANCIES, TENANCIES IN COMMON AND
TENANCIES BY THE ENTIRETY.

ANY CONDOMINIUM UNIT MAY BE HELD AND OWNED BY MORE
THAN ONE PERSON AS JOINT TENANTS, AS TENANTS IN COMMON,
AS TENANTS BY THE ENTIRETY (IN THE CASE OF HUSBAND AND
WIFE) , OR IN ANY OTHER REAL PROPERTY TENANCY RELATIONSHIP
RECOGNIZED UNDER THE LAWS OF THIS STATE.

11-105. OWNERSHIP OF CONDOMINIUM UNITS; UNDIVIDED SHARE
INTEREST IN COMMON ELEMENTS.

(A)   A CONDOMINIUM UNIT OWNER SHALL HAVE THE
EXCLUSIVE FEE-SIMPLE OR LEASEHOLD OWNERSHIP OF HIS UNIT
AND SHALL HAVE A COMMON RIGHT TO A SHARE, WITH THE OTHER
COOWNERS, OF AN UNDIVIDED INTEREST IN THE COMMON ELEMENTS
OF THE PROPERTY, EQUIVALENT TO THE PERCENTAGE
REPRESENTING THE VALUE OF HIS UNIT TO THE VALUE OF THE
WHOLE PROPERTY. SAID PERCENTAGE INTEREST SHALL NOT BE
SEPARATED FROM THE UNIT TO WHICH IT APPERTAINS.

(B)  THE INDIVIDUAL PERCENTAGES SHALL BE ESTABLISHED
AT THE TIME THE HORIZONTAL PROPERTY REGIME IS CONSTITUTED
BY THE RECORDING AMONG THE LAND RECORDS OF THE MASTER
DEED, SHALL HAVE A PERMANENT CHARACTER, AND SHALL NOT BE
CHANGED WITHOUT THE ACQUIESCENCE OF THE CO-OWNERS
REPRESENTING ALL THE CONDOMINIUM UNITS IN THE BUILDING,
WHICH CHANGE SHALL BE EVIDENCED BY AN APPROPRIATE
AMENDATORY DECLARATION TO SUCH EFFECT RECORDED AMONG THE
LAND RECORDS. THE SHARE INTEREST SHALL BE SET FORTH OF
RECORD, IN THE INITIAL INDIVIDUAL CONDOMINIUM UNIT DEEDS