(a) General rule.--Subject to the provisions of the declaration and other provisions of law, the boundaries between adjoining units may be reallocated by an amendment to the declaration upon application to the association by the proprietary lessees of those units. If the proprietary lessees of the adjoining units have specified a reallocation between their cooperative interests of their common interests, votes in the association and common expense liabilities, the application must state the proposed reallocations. Unless the executive board determines within 30 days that the reallocations are unreasonable or are inconsistent with any restrictions on such reallocation that may be set forth in the declaration, the association shall prepare and record an amendment to the declaration that identifies the units involved, states the reallocations and shows or describes, by plans or otherwise, the altered boundaries between adjoining units and any changes in their sizes and identifying numbers.
(b) Execution and recording of amendment.--The amendment to the declaration shall be executed by the proprietary lessees whose units are being changed and by the association and upon recordation shall be indexed in the name of both lessees as well as the association in the grantor and grantee indexes. The amendment shall be prepared and recorded at the expense of the proprietary lessees of the units involved.
Cross References. Section 4211 is referred to in sections 4216, 4417 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 68 - REAL AND PERSONAL PROPERTY
Chapter 42 - Creation, Alteration and Termination of Cooperatives
Section 4201 - Creation of cooperative ownership
Section 4202 - Unit boundaries
Section 4203 - Construction and validity of declaration and bylaws
Section 4204 - Description of units
Section 4205 - Contents of declaration
Section 4206 - Leasehold cooperatives
Section 4207 - Allocation of ownership interests, votes and common expense liabilities
Section 4208 - Limited common elements
Section 4209 - Exercise of development rights
Section 4210 - Alterations of units
Section 4211 - Relocation of boundaries between adjoining units
Section 4212 - Subdivision of units
Section 4213 - Easement for encroachments
Section 4214 - Declarant's office, models and signs
Section 4215 - Easement rights
Section 4216 - Amendment of declaration
Section 4217 - Termination of cooperative ownership
Section 4218 - Rights of secured lenders and secured creditors
Section 4219 - Master associations
Section 4220 - Merger or consolidation of cooperatives
Section 4221 - Method for transferring a cooperative interest