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Utah Code § 57-8-24

Common profits, common expenses, and voting rights -- Unit -- Unconstructed unit

Known as the Condominium Ownership Act

The act spans §§ 57-8-1 to 57-8-9 (81 sections).

Amended by Chapter 210, 2016 General Session

(1) A unit is created by the recording of the declaration and a condominium plat that describes the unit.

(2) An association of unit owners shall, according to each unit owner's respective percentage or fractional undivided interests in the common areas and facilities:

(a) distribute the property's common profits among the unit owners;

(b) except as otherwise provided in the declaration for unconstructed units, assess the unit owners the property's common expenses; and

(c) make voting rights available to the unit owners.

(3)

(a) After the recording of a condominium project's declaration, an unconstructed unit is a unit for the purposes of the declaration and this chapter, including:

(i) allocation of undivided interests in the common areas and facilities in accordance with Subsection 57-8-7(2); and

(ii) voting rights in accordance with Section 57-8-24.

(b) Subsection (3)(a) applies to a condominium project regardless of when the condominium project's initial declaration was recorded.

Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.