§ 11-120. Expansion of condominiums
West's Annotated Code of MarylandReal PropertyEffective: October 1, 2008
Effective: October 1, 2008
MD Code, Real Property, § 11-120
§ 11-120. Expansion of condominiums
(a) A developer may reserve the right to expand the condominium by subjecting additional sections of property to the condominium regime in a manner so that as each additional section of property is subjected to the condominium regime:
(b) The reservation of the right to expand a condominium is subject to the conditions provided in this subsection.
(ii) The percentage interests in the common elements, the percentage interests in the common expenses and common profits, and the number of votes appurtenant to each unit following the addition of each section of property to the condominium, if added. The percentage interests in the common elements and in common expenses and common profits, and the number of votes that each unit owner will have may be shown by reference to a formula or other appropriate method of determining them following each expansion of the condominium.
(c)(1) If there is compliance with the conditions of subsection (b) of this section, successive sections of property may be added to the condominium if the developer (i) records an amendment to the declaration, showing the new percentage interests of the unit owners, and the votes which each unit owner may cast in the condominium as expanded, and (ii) records an amendment to the condominium plat that includes the detail and information concerning the new section as required in the original condominium plat.
(2) On recordation of the amendment of the declaration and plat, each unit owner, by operation of law, has the percentage interests in the common elements, and in the common expenses and common profits, and shall have the number of votes, set forth in the amendment to the declaration. Following any expansion, the interest of any mortgagee shall attach, by operation of law, to the new percentage interests in the common elements appurtenant to the unit on which it is a lien.
Credits
Added as Real Property § 11-117 by Acts 1974, c. 641, § 2, eff. July 1, 1974. Renumbered as Real Property § 11-120 and amended by Acts 1981, c. 246, § 1, eff. July 1, 1981. Amended by Acts 1989, c. 5, § 1; Acts 1997, c. 14, § 1, eff. April 8, 1997; Acts 2000, c. 697, § 1, eff. Oct. 1, 2000.
MD Code, Real Property, § 11-120, MD REAL PROP § 11-120
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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