N.C. Gen. Stat. § 47A-6
Undivided interests in common areas and facilities; ratio fixed in declaration; conveyance with unit
North Carolina · North Carolina General Statutes Chapter 47A — Chapter 47A. · Status: effective
Cite this
- Citation
- N.C. Gen. Stat. § 47A-6, Undivided interests in common areas and facilities; ratio fixed in declaration; conveyance with unit, North Carolina, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1312640
- Permanent ID
ys:prov:1312640@1- SHA-256
261ae23a4d3586a1a29c6de660861266404ec8085cda8650dbe367141923566b
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Undivided interests in common areas and facilities; ratio fixed in declaration; conveyance with unit.
(a) Each unit owner shall be entitled to an undivided interest in the common areas and facilities in the ratio expressed in the declaration. Such ratio shall be in the approximate relation that the fair market value of the unit at the date of the declaration bears to the then aggregate fair market value of all the units having an interest in said common areas and facilities.
(b) The ratio of the undivided interest of each unit owner in the common areas and facilities as expressed in the declaration shall have a permanent character and shall not be altered except with the unanimous consent of all unit owners expressed in an amended declaration duly recorded.
(c) The undivided interest in the common areas and facilities shall not be separated from the unit to which it 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. (1963, c. 685, s. 6.)