A. Subject to the provisions of the declaration and other provisions of law, the boundaries between adjoining units may be relocated by an amendment to the declaration upon application to the association by the owners of those units. If the owners of the adjoining units have specified a reallocation between their units of their allocated interests, the application shall state the proposed reallocations. Unless the executive board determines, within thirty days, that the reallocations are unreasonable, the association shall prepare an amendment that identifies the units involved, states the reallocations, is executed by those unit owners, contains words of conveyance between them and, upon recordation, is indexed in the name of the grantor and the grantee.
B. The association shall prepare and record plats or plans necessary to show the altered boundaries between adjoining units and their dimensions and identifying numbers.
History: Laws 1982, ch. 27, § 24.
Compiler's notes. — This section is substantially similar to § 2-112 of the Uniform Condominium Act.
COMMISSIONERS' COMMENT
1. This section changes the effect of most current condominium statutes, under which the boundaries between units may not be altered without unanimous or nearly unanimous consent of the unit owners. As the section makes clear, this result may be varied by the restrictions in the declaration.
2. This section contemplates that, upon relocation of the unit boundaries, no reallocation of allocated interests will occur if none is specified in the application. If a reallocation is specified but the executive board deems it unreasonable, then the applicants have the choice of resubmitting the application with a reallocation more acceptable to the board, or going to court to challenge the board's finding as unreasonable.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Condominiums and Cooperative Apartments §§ 14, 15, 38, 41.
31 C.J.S. Estates § 153 et seq.
Structure 2021 New Mexico Statutes
Article 7B - Condominium Act - Creation, Alteration and Termination of Condominiums
Section 47-7B-1 - Creation of condominium.
Section 47-7B-2 - Unit boundaries.
Section 47-7B-3 - Construction and validity of declaration and bylaws.
Section 47-7B-4 - Description of units.
Section 47-7B-5 - Contents of declaration.
Section 47-7B-6 - Leasehold condominiums.
Section 47-7B-7 - Allocation of common element interests; votes; common expense liabilities.
Section 47-7B-8 - Limited common elements.
Section 47-7B-9 - Plats and plans.
Section 47-7B-10 - Exercise of development rights.
Section 47-7B-11 - Alterations of units.
Section 47-7B-12 - Relocation of boundaries between adjoining units.
Section 47-7B-13 - Subdivision of units.
Section 47-7B-14 - Easement for encroachments.
Section 47-7B-15 - Use for sales purposes.
Section 47-7B-16 - Easement rights.
Section 47-7B-17 - Amendment of declaration.
Section 47-7B-18 - Termination of condominium.
Section 47-7B-19 - Rights of secured lenders.