2021 New Mexico Statutes
Article 7 - Building Unit Ownership
Section 47-7-5 - Ownership of units.

Each unit owner shall be entitled to sole ownership and possession of his unit.
History: 1953 Comp., § 70-4-5, enacted by Laws 1963, ch. 221, § 5; 1975, ch. 318, § 5.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Condominiums and Cooperative Apartments §§ 8 to 11.
Regulation of time-share or interval ownership interests in real estate, 6 A.L.R.4th 1288.
Standing to bring action relating to real property of condominium, 74 A.L.R.4th 165.
31 C.J.S. Estates § 153 et seq.

Structure 2021 New Mexico Statutes

2021 New Mexico Statutes

Chapter 47 - Property Law

Article 7 - Building Unit Ownership

Section 47-7-1 - Short title.

Section 47-7-2 - Definitions.

Section 47-7-3 - Application of act.

Section 47-7-4 - Status of the units.

Section 47-7-5 - Ownership of units.

Section 47-7-6 - Common areas and facilities.

Section 47-7-7 - Compliance with covenants; bylaws; administrative provisions.

Section 47-7-8 - Certain work prohibited.

Section 47-7-9 - Liens against units; removal from lien; effect of part payment.

Section 47-7-10 - Common profits and expenses.

Section 47-7-11 - Contents of declaration.

Section 47-7-12 - Declaration; apportionment of interest.

Section 47-7-13 - Contents of deeds of units.

Section 47-7-14 - Copy of the floor plans to be filed.

Section 47-7-15 - Blanket encumbrances affecting a unit at time of first conveyance.

Section 47-7-16 - Recording.

Section 47-7-17 - Removal from provisions of the Building Unit Ownership Act.

Section 47-7-18 - Removal no bar to subsequent resubmission.

Section 47-7-19 - Bylaws.

Section 47-7-20 - Contents of bylaws.

Section 47-7-21 - Books of receipts and expenditures; availability for examination.

Section 47-7-22 - Waiver of use of common areas and facilities; abandonment of unit.

Section 47-7-23 - Taxation.

Section 47-7-24 - Priority of lien.

Section 47-7-25 - Joint and several liability of grantor and grantee for unpaid common expenses.

Section 47-7-25.1 - Merger or consolidation of condominiums.

Section 47-7-26 - Actions.

Section 47-7-27 - Personal application.

Section 47-7-28 - Insurance.