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Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Utah Code Title 57. Real Estate § 57-8-24. Common profits, common expenses, and voting rights--Unit--Unconstructed unit - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-57-real-estate/ut-code-sect-57-8-24/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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