Condominium Property Act
Missouri · Condominium Property · §§ 448.005 to 448.210 · 23 sections
Overview
The act creates condominium ownership as a recognized form of holding real property, under which a development is divided into separately owned units together with undivided interests in the common areas shared by all unit owners. It operates chiefly through recorded instruments — a declaration, a plat or plan fixing each unit's boundaries and legal description, and bylaws — with recordation also required to modify or amend them, and it vests day-to-day administration in a management body that can act for the owners collectively, hold property, obtain insurance, and be served with process in matters affecting the common areas. Around that structure it supplies the supporting rules: separate taxation of each unit, liens for unpaid assessments and for labor or materials, proportionate allocation of common-area liability among owners, disclosure of account balances and fees on transfer, limits on how zoning and securities regulation apply to such projects, and procedures for partition, sale, or removal of the property from the act's coverage.
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
- Mo. Rev. Stat. § 448.005Title of law
- Mo. Rev. Stat. § 448.010Definitions
- Mo. Rev. Stat. § 448.020Property submitted to condominium law by declaration
- Mo. Rev. Stat. § 448.030Declaration, contents — amendments
- Mo. Rev. Stat. § 448.040Declaration and plat to be recorded — plat, contents — amendment may be..
- Mo. Rev. Stat. § 448.050Units can be conveyed — common elements, owned, how — units not to be..
- Mo. Rev. Stat. § 448.060Instrument affecting unit affects ownership of common elements
- Mo. Rev. Stat. § 448.070Common elements to remain undivided — exceptions
- Mo. Rev. Stat. § 448.080Common element costs to be paid by unit owners — unpaid amount to..
- Mo. Rev. Stat. § 448.090Liens, against what — consent, how given
- Mo. Rev. Stat. § 448.100Taxes, assessed and levied against units
- Mo. Rev. Stat. § 448.110Interest acquired by tax deed, subject to what
- Mo. Rev. Stat. § 448.120Insurance, how obtained — named insured — who adjusts — loss payable..
- Mo. Rev. Stat. § 448.130Insurance proceeds used for reconstruction — reconstruction defined
- Mo. Rev. Stat. § 448.140Insurance proceeds insufficient to reconstruct, effect
- Mo. Rev. Stat. § 448.150Sale of property, authorized, how — dissenting owner entitled to interest,..
- Mo. Rev. Stat. § 448.160Property removed from condominium law, how, effects
- Mo. Rev. Stat. § 448.170Bylaws, amendments
- Mo. Rev. Stat. § 448.180Bylaws, contents
- Mo. Rev. Stat. § 448.190Managers may act for owners — actions — service of process — managers..
- Mo. Rev. Stat. § 448.195Condemnation proceedings, board of managers to represent all unit owners
- Mo. Rev. Stat. § 448.200Managers to keep records, open to owners
- Mo. Rev. Stat. § 448.210Rule against perpetuities — restraints on alienation
Enacted in other states
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