2021 New Mexico Statutes
Chapter 47 - Property Law
Article 7B - Condominium Act - Creation, Alteration and Termination of Condominiums

Section 47-7B-1 - Creation of condominium. - A. A condominium may be created pursuant to the Condominium...

Section 47-7B-2 - Unit boundaries. - Except as provided by the declaration: A. if walls, floors...

Section 47-7B-3 - Construction and validity of declaration and bylaws. - A. All provisions of the declaration and bylaws are severable....

Section 47-7B-4 - Description of units. - A description of a unit which sets forth the name...

Section 47-7B-5 - Contents of declaration. - A. The declaration for a condominium shall contain: (1) the...

Section 47-7B-6 - Leasehold condominiums. - A. With respect to any condominium created on a leasehold...

Section 47-7B-7 - Allocation of common element interests; votes; common expense liabilities. - A. The declaration shall allocate a fraction or percentage of...

Section 47-7B-8 - Limited common elements. - A. Except for the limited common elements described in Subsections...

Section 47-7B-9 - Plats and plans. - A. Plats and plans are a part of the declaration....

Section 47-7B-10 - Exercise of development rights. - A. To exercise any development right reserved under Paragraph (8)...

Section 47-7B-11 - Alterations of units. - Subject to the provisions of the declaration and other provisions...

Section 47-7B-12 - Relocation of boundaries between adjoining units. - A. Subject to the provisions of the declaration and other...

Section 47-7B-13 - Subdivision of units. - A. If the declaration expressly so permits, a unit may...

Section 47-7B-14 - Easement for encroachments. - To the extent that any unit or common element encroaches...

Section 47-7B-15 - Use for sales purposes. - A declarant may maintain sales offices, management offices and models...

Section 47-7B-16 - Easement rights. - Subject to the provisions of the declaration, a declarant has...

Section 47-7B-17 - Amendment of declaration. - A. Except in cases of amendments that may be executed...

Section 47-7B-18 - Termination of condominium. - A. Except in the case of a taking of all...

Section 47-7B-19 - Rights of secured lenders. - The declaration may require that all or a specified number...

Section 47-7B-20 - Master associations. - A. If the declaration for a condominium provides that any...

Section 47-7B-21 - Merger or consolidation of condominiums. - A. Any two or more condominiums, by agreement of the...