Kentucky Statutes 381.815 – Establishment of a condominium property regime
Current as of: 2024 | Check for updates
|
Other versions
Whenever a developer, the sole owner, or the co-owners of a building or buildings, constructed or to be constructed, expressly declare, through the recordation of a master deed or lease, which shall set forth the particulars enumerated by KRS § 381.835, their desire to submit their property to the regime established by KRS § 381.805 to KRS § 381.910, there shall be thereby established a condominium property regime.
History: Amended 1974 Ky. Acts ch. 381, sec. 2. — Created 1962 Ky. Acts ch. 205, sec. 3.
History: Amended 1974 Ky. Acts ch. 381, sec. 2. — Created 1962 Ky. Acts ch. 205, sec. 3.
Terms Used In Kentucky Statutes 381.815
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Owner: when applied to any animal, means any person having a property interest in such animal. See Kentucky Statutes 446.010