Okla. Stat. tit. 60, § 60-505
This is the official text of Okla. Stat. tit. 60, § 60-505, part of Oklahoma’s Stat. tit. 60, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 60,." Browse the sections below, each linked to its official government source.
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Undivided interest in common elements - Ratio
Official statutory text
A. Each unit owner shall be entitled to an undivided interest
in the common elements in the ratio expressed in the declaration.
Such ratio shall be in the approximate relation that the estimated
fair value upon completion of the unit determined at the date of the
declaration bears to the aggregate estimated fair value upon
completion of all the units having an interest in such common
elements.
B. The ratio of the undivided interest of each unit owner in
the common elements as expressed in the declaration shall have a
permanent character and shall not be altered except as specifically
provided in the declaration pursuant to paragraph (i) of Section 514
of this title, or with the unanimous consent of all unit owners
having an interest, expressed in an amended declaration duly
recorded.
C. The undivided interest in the common elements and limited
common elements set aside to the unit, shall not be separated from
the unit to which same appertains and shall be deemed conveyed or
encumbered with the unit even though such interest is not expressly
mentioned or described in the conveyance or other instrument. The
common elements and limited common elements shall not be conveyed
separately from the unit.
in the common elements in the ratio expressed in the declaration.
Such ratio shall be in the approximate relation that the estimated
fair value upon completion of the unit determined at the date of the
declaration bears to the aggregate estimated fair value upon
completion of all the units having an interest in such common
elements.
B. The ratio of the undivided interest of each unit owner in
the common elements as expressed in the declaration shall have a
permanent character and shall not be altered except as specifically
provided in the declaration pursuant to paragraph (i) of Section 514
of this title, or with the unanimous consent of all unit owners
having an interest, expressed in an amended declaration duly
recorded.
C. The undivided interest in the common elements and limited
common elements set aside to the unit, shall not be separated from
the unit to which same appertains and shall be deemed conveyed or
encumbered with the unit even though such interest is not expressly
mentioned or described in the conveyance or other instrument. The
common elements and limited common elements shall not be conveyed
separately from the unit.
Status: in_force · Read it on the official government site
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