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Unit Ownership Act

Maine · Uniform Unclaimed Property Act · §§ 560 to 589-C · 34 sections

Overview

The Unit Ownership Act governs condominium-style property ownership, in which a building or development is divided into separately owned units coupled with undivided shared rights in the common elements. It sets out how such a property is created and operated: a recorded declaration and unit deeds define the units and each owner's interest, bylaws and rules bind owners and occupants, and each unit bears a share of common expenses that is secured by a lien enforceable through foreclosure. It also covers separate taxation of units, insurance and repair or reconstruction after damage, withdrawal of property from the arrangement and its later resubmission, and extends related requirements to time shares and membership camping.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

Enacted in other states

Montana, North Carolina

All Maine named statutes →

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