New Mexico Statutes
Chapter 47 - Property Law
Article 7 - Building Unit Ownership

Section 47-7-1 - Short title. - This act [47-7-1 to 47-7-25, 47-7-26 to 47-7-28 NMSA 1978]...

Section 47-7-2 - Definitions. - As used in the Building Unit Ownership Act: A. "unit"...

Section 47-7-3 - Application of act. - The Building Unit Ownership Act shall apply to property, the...

Section 47-7-4 - Status of the units. - Each unit together with its undivided interest in the common...

Section 47-7-5 - Ownership of units. - Each unit owner shall be entitled to sole ownership and...

Section 47-7-6 - Common areas and facilities. - A. Each unit owner shall be entitled to an undivided...

Section 47-7-7 - Compliance with covenants; bylaws; administrative provisions. - Each unit owner shall comply strictly with the bylaws and...

Section 47-7-8 - Certain work prohibited. - No unit owner shall undertake any work which would jeopardize...

Section 47-7-9 - Liens against units; removal from lien; effect of part payment. - A. Subsequent to recording the declaration as provided in the...

Section 47-7-10 - Common profits and expenses. - The common profits of the property shall be distributed among,...

Section 47-7-11 - Contents of declaration. - The declaration shall contain: A. a description of the land...

Section 47-7-12 - Declaration; apportionment of interest. - The declaration shall specify a method by which the interest...

Section 47-7-13 - Contents of deeds of units. - Deeds of units shall include: A. a description of the...

Section 47-7-14 - Copy of the floor plans to be filed. - Simultaneously with the recording of the declaration, there shall be...

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

Section 47-7-16 - Recording. - A. The declaration, any amendment thereof, any instrument by which...

Section 47-7-17 - Removal from provisions of the Building Unit Ownership Act. - A. All unit owners may remove a property from the...

Section 47-7-18 - Removal no bar to subsequent resubmission. - The removal provided in Section 47-7-17 NMSA 1978 shall not...

Section 47-7-19 - Bylaws. - The administration of every property shall be governed by bylaws,...

Section 47-7-20 - Contents of bylaws. - The bylaws may provide for: A. the election from among...

Section 47-7-21 - Books of receipts and expenditures; availability for examination. - The manager or board of directors, shall keep detailed, accurate...

Section 47-7-22 - Waiver of use of common areas and facilities; abandonment of unit. - No unit owner may exempt himself from liability for his...

Section 47-7-23 - Taxation. - The association of unit owners shall elect whether: A. the...

Section 47-7-24 - Priority of lien. - A. All sums, assessed by the association of unit owners...

Section 47-7-25 - Joint and several liability of grantor and grantee for unpaid common expenses. - In a voluntary conveyance the grantee of a unit shall...

Section 47-7-25.1 - Merger or consolidation of condominiums. - A. By agreement of the unit owners, any two or...

Section 47-7-26 - Actions. - Without limiting the rights of any unit owner, actions may...

Section 47-7-27 - Personal application. - A. All unit owners, tenants of owners, employees of owners...

Section 47-7-28 - Insurance. - A. The manager or the board of directors if required...