When real property containing a building is committed to a horizontal property regime, each individual apartment located in the building and the interests in the general common elements and limited common elements if any, appurtenant thereto, shall constitute for all purposes a separate parcel of real property and shall be as completely and freely alienable as any separate parcel of real property is or may be under the laws of this state, except as limited by the provisions of this chapter.
Iowa Code § 499B.10
Individual apartments and interest in common elements are alienable
Known as the Horizontal Property Act
The act spans §§ 499–499 (21 sections).
Applied in 1 court decision — leading case Timberland Partners XXI, LLP v. Iowa Department of Revenue (2008)
Most recently applied in Timberland Partners XXI, LLP v. Iowa Department of Revenue (October 2008)
[C66, 71, 73, 75, 77, 79, 81, §499B.10] 2000 Acts, ch 1142, §2, 5
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.