Verbatim from the public record. The law itself is a government work — always confirm the current version on the official source before you rely on it.
The declaration creating and establishing unit
ownership estates as provided in Section 502 of this title, shall be recorded
and shall contain the following particulars:
(a) Description of the land,
(b) Description of the building, stating the number
of stories and basements, the number of units, and the principal materials of
which it is constructed,
(c) The unit designation of each unit, and a
statement of its location, approximate area, number of rooms, and immediate
common area to which it has access, and any other data necessary for its proper
identification,
(d) Description of the general common elements and
the proportionate interest of each unit owner therein,
(e) Description of the limited common elements, if
any, stating which units shall share the same and in what proportion,
(f) The name of a person to receive service of
process in the cases hereinafter provided together with the residence or place
of business of such person which shall be within the county in which the
property is located,
(g) The method which the declaration may be amended,
consistent with the provisions of this act,
(h) Any other details or restrictions in connection
with the property which the person executing the declaration may deem desirable
to set forth,
(i) The declarant by a specific provision in the
declaration may reserve the right to annex additional property to the property
which was submitted to the Unit Ownership Estate Act under the original
declaration. If such right is reserved, the declaration shall also
include:
(1) The legal description of the property capable of
being annexed, and the total number of units that may be added by one or more
such annexations;
(2) The time limit within which the annexation shall
take place from the recordation date of the original declaration;
(3) A requirement that all improvements intended for
the property of each annexation shall be substantially complete prior to each
such annexation;
(4) The formula for determining the undivided
interest of each unit owner in the total common elements after each such
annexation, which formula may not be changed without the unanimous consent of
all the unit owners, and which formula shall be reasonably expected to result in
a ratio of the approximate relation of the value of each unit after each
annexation as it bears to the aggregate fair value of all units after each such
annexation;
(5) A description of the annexation document to be
executed and recorded by the declarant which shall not require the consent of
the unit owners. The annexation document shall state the undivided interest of
each unit owner in the common elements for each unit which is a part of the
total property after such annexation. However, such undivided interest may be
later changed in accordance with the act by a later annexation;
(6) A requirement that the improvements on the
property to be annexed will be consistent with the improvements of the property
originally submitted to the declaration in terms of quality and construction;
and (j) The specific formula for determining the amount of contribution to be
made by the declarant for unconstructed units and/or unconstructed buildings if
such contribution is less than the pro rata contribution of the expenses
described in subsection (a) of Section 512 of this title.
Historical Data
Laws 1963, HB 609, c. 288, § 14; Amended by Laws 1985, HB 1176, c. 137, § 4,
eff. November 1, 1985.