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Session Laws, 1981
Volume 741, Page 1473   View pdf image
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HARRY HUGHES, Governor

1473

(2)  The declaration establishing the condominium
shall show (i) the maximum number of units which may be
added, and (ii) the percentage interests in the common
elements, the percentage interests in the common expenses
and common profits, and the number of votes appurtenant to
each unit following the addition of each section of property
to the condominium, if added. The percentage interests in
the common elements and in common expenses and common
profits, and the number of votes that each unit owner will
have may be shown by reference to a formula or other
appropriate method of determining them following each
expansion of the condominium.

(3)  The condominium plat for the original
condominium shall include, in general terms, the outlines of
the land, buildings, and common elements of each successive
section that may be added to the condominium.

(4)  In the declaration establishing the
condominium a right shall be reserved in the developer for a
period, not exceeding [ten] 10 years from the date of
recording of the declaration, to add to the condominium any
successive section described in the declaration and in the
condominium plat.

(c) (1) If THERE IS COMPLIANCE WITH the conditions of
subsection (b) [are complied with], successive sections of
property may be added to the condominium if the declarant
DEVELOPER (i) records an amendment to the declaration,
showing the new percentage interests of the unit owners, and
the votes which each unit owner may cast in the condominium
as expanded, and (ii) records an amendment to the
condominium plat that includes the detail and information
concerning the new section as required in the original
condominium plat.

(2) On recordation of the amendment of the
declaration and plat, each unit owner, by operation of law,
has the percentage interests in the common elements, and in
the common expenses and common profits, and shall have the
number of votes, set forth in the amendment to the
declaration. Following any expansion, the interest of any
mortgagee shall attach, by operation of law, to the new
percentage interests in the common elements appurtenant to
the unit on which it is a lien.

[11-121.

All unit owners in a condominium may terminate, by
deed, the condominium regime established under this title,
if all persons with recorded encumbrances, including
judgment lienors, consent to the termination and execute the
deed of termination to evidence their consent. Unless
otherwise provided in the deed of termination, on
termination of the condominium regime each unit owner shall
own an undivided interest as a tenant in common in the
property equal to his prior percentage interest in the
common elements.]

 

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Session Laws, 1981
Volume 741, Page 1473   View pdf image
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