2015 New Mexico Statutes
Chapter 47 - Property Law
Section 7B Condominium Act - Creation, Alteration and Termination of Condominiums
Section 47-7B-1 Creation of condominium.
47-7B-1. Creation of condominium.
A. A condominium may be created pursuant to the Condominium Act only by recording a declaration executed in the same manner as a deed. The declaration shall be recorded in each county in which any portion of the condominium is located and shall be indexed in the grantee's index in the name of the condominium and the association and in the grantor's index in the name of each person executing the declaration.
B. A declaration or an amendment to a declaration adding units to a condominium shall not be recorded unless all structural components and mechanical systems of all buildings containing or comprising any units created are substantially completed in accordance with the plans, as evidenced by a recorded certificate of completion executed by a licensed engineer, architect, the appropriate building inspection authority or by the declarant. This section does not apply to a conversion building restricted in its entirety to uses other than for residential purposes.
History: Laws 1982, ch. 27, 13.
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