Tennessee Code 66-27-108 – Recordation and conveyance of apartments
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Terms Used In Tennessee Code 66-27-108
- apartment: includes the private element. See Tennessee Code 66-27-102
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Private elements: means and includes the lot area upon which an apartment is located and the improvements located thereon, as described in the declaration, and for which fee simple ownership and exclusive use is reserved to that apartment only. See Tennessee Code 66-27-102