Deeds of units shall include:

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Terms Used In New Mexico Statutes 47-7-13

  • Grantor: The person who establishes a trust and places property into it.

A. a description of the land as provided in Section 47-7-11 N.M. Stat. Ann., or the post- office address of the property, including in either case the book, page and date of recording of the declaration;

B. any other data necessary for proper identification of that unit;

C. a statement of the use for which the unit is intended, and restrictions on its use;

D. the percentage of undivided interest appertaining to the unit in the common areas and facilities; and

E. any other details which the grantor and grantee may deem desirable to set forth and which shall be consistent with the declaration and the Building Unit Ownership Act.