Section 24 - Common profits, common expenses, and voting rights -- Unit -- Unconstructed unit.

UT Code § 57-8-24 (2019) (N/A)
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(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.