(a) A condominium may be created pursuant to part 2, this part and parts 4 and 5 of this chapter only by recording a declaration executed in the same manner as a deed. The declaration shall be recorded in every county in which any portion of the condominium is located, and shall be indexed in the grantee’s index in the name of the condominium and the association and in the grantor‘s index in the name of each person executing the declaration. The name and address of the preparer shall appear as required by § 66-24-115.

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Terms Used In Tennessee Code 66-27-301

  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Grantor: The person who establishes a trust and places property into it.
  • Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
(b) A residential unit that shares a horizontal boundary with another unit, other than a unit that is subject to retained development rights, may not be conveyed to a purchaser until all structural components and mechanical systems of all buildings containing or comprising the unit are substantially completed.