43-15A-29. Lien for erection, repair, or improvement of a single development–Apportionment of liens. A lien holder who contributes to the erection, alteration, repair, or other general improvement of a single development of condominiums shall apportion his demand among the condominiums affected and shall assert a lien for a proportionate part upon each and upon the […]
43-15A-3. Establishment of condominium project–Master deed or lease. Whenever a developer, the sole owner, or the co-owners of a building or buildings expressly declare, through the recordation of a master deed or lease, which shall set forth the particulars enumerated by §43-15A-4, their desire to submit their property to the formation of a condominium established […]
43-15A-30. Promulgation of rules to administer and enforce chapter. The Real Estate Commission may promulgate rules pursuant to chapter 1-26 relating to the administration and enforcement of the provisions of this chapter. Source: SL 1986, ch 302, §94.
43-15A-4. Particulars required in master deed or lease. The master deed or lease to which §43-15A-3 refers shall express the following particulars: (1)The description of the land, whether leased or in fee simple, and the building or buildings, expressing their respective areas; (2)The general description and the number of each condominium, expressing its area, location, […]
43-15A-5. Common areas defined. “Common areas,” as used in this chapter, unless the context otherwise requires and unless otherwise provided in the master deed or lease, includes: (1)The land whether fee simple or leased, on which the building or buildings stand; (2)The foundations, main walls, roofs, halls, lobbies, stairways, and entrances and exits and communication […]
43-15A-6. Joint or common ownership. Any condominium may be jointly or commonly owned by more than one person. Source: SL 1975, ch 270, §3.
43-15A-7. Exclusive and common rights of owners. Any condominium owner shall have an exclusive right to his condominium and shall have a common right to a share, with other co-owners, in the common areas of the property. Source: SL 1975, ch 270, §4.
43-15A-8. Recording of transfers and encumbrances of individual units. Provisions shall be made for the recordation of the individual condominiums on subsequent resales, mortgages, and other encumbrances, as is done with all other real estate recordation. Source: SL 1975, ch 270, §5.
43-15A-9. Recording of master deeds and leases–Tax inapplicable to original recordation. The register of deeds of the county recording any master deed or lease shall receive the sum of seventy-five dollars for the first fifty pages plus two dollars per page for each page or fraction thereof exceeding fifty pages. A master deed or lease […]
