West Virginia § 36B-1-203 Applicability to new common interest communities. -- Exception for small and limited expense liability planned communities

West Virginia Statutes

§ 36B-1-203 — Applicability to new common interest communities. -- Exception for small and limited expense liability planned communities

West Virginia·Ch. 36B UNIFORM COMMON INTEREST OWNERSHIP ACT·Art. 1 GENERAL PROVISIONS

If a planned community:

(1)Contains no more than twelve units and is not subject to any development rights; or

(2)Provides, in its declaration, that the annual average common expense liability of all units restricted to residential purposes, exclusive of optional user fees and any insurance premiums paid by the association, may not exceed $300 as adjusted pursuant to section 1-114 (adjustment of dollar amounts), it is subject only to sections 1-105 (separate titles and taxation), 1-106 (applicability of local ordinances, regulations and building codes) and 1-107 (eminent domain) unless the declaration provides that this entire chapter is applicable.

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If a planned community:

(1) Contains no more than twelve units and is not subject to any development rights; or

(2) Provides, in its declaration, that the annual average common expense liability of all units restricted to residential purposes, exclusive of optional user fees and any insurance premiums paid by the association, may not exceed $300 as adjusted pursuant to section 1-114 (adjustment of dollar amounts), it is subject only to sections 1-105 (separate titles and taxation), 1-106 (applicability of local ordinances, regulations and building codes) and 1-107 (eminent domain) unless the declaration provides that this entire chapter is applicable.

West Virginia § 36B-1-203 (Applicability to new common interest communities. -- Exception for small and limited expense liability planned communities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.