Utah § 57-8-24 Common profits, common expenses, and voting rights -- Unit -- Unconstructed unit.

Utah Statutes

§ 57-8-24 — Common profits, common expenses, and voting rights -- Unit -- Unconstructed unit.

Utah·Title 57 Real Estate·Ch. 57-8 Condominium Ownership Act

(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:

(2)(a) distribute the property's common profits among the unit owners;

(2)(b) except as otherwise provided in the declaration for unconstructed units, assess the unit owners the property's common expenses; and

(2)(c) make voting rights available to the unit owners.

(3)(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:

(3)(a)(i) allocation of undivided interests in the common areas and facilities in accordance wi

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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:

(2)(a) distribute the property's common profits among the unit owners;
(2)(b) except as otherwise provided in the declaration for unconstructed units, assess the unit owners the property's common expenses; and
(2)(c) make voting rights available to the unit owners.
(3) (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:
(3)(a)(i) allocation of undivided interests in the common areas and facilities in accordance with Subsection 57-8-7(2); and
(3)(a)(ii) voting rights in accordance with Section 57-8-24.
(3)(b) Subsection (3)(a) applies to a condominium project regardless of when the condominium project's initial declaration was recorded.

Utah § 57-8-24 (Common profits, common expenses, and voting rights -- Unit -- Unconstructed unit.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.