Common profits and expenses.

  1. Law
  2. New Mexico Statutes
  3. Property Law
  4. Building Unit Ownership
  5. Common profits and expenses.

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The common profits of the property shall be distributed among, and the common expenses shall be charged to, each unit owner according to the percentage of his undivided interest in the common areas and facilities.

History: 1953 Comp., § 70-4-10, enacted by Laws 1963, ch. 221, § 10; 1975, ch. 318, § 10.

ANNOTATIONS

Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Condominiums and Cooperative Apartments §§ 35, 36.

Expenses for which condominium association may assess unit owners, 77 A.L.R.3d 1290.

31 C.J.S. Estates § 153 et seq.


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