Creation of condominium
- Statute:
- New Mexico §47-7B-1 · Article CONDO (New Mexico Condominium Act (NMSA 47-7A-1 to 47-7D-20))
- Topic:
- Governing Documents · Creation
- Applies to:
- Condo associations
Create a condominium only by recording a declaration executed like a deed, in each county where any portion sits, indexed in the grantee's index under the condominium and the association. Do not record a declaration (or an amendment adding units) unless all structural components and mechanical systems of buildings containing the created units are substantially completed, evidenced by a recorded certificate of completion from a licensed engineer, architect, building inspector, or the declarant. That completion rule does not apply to a conversion building restricted entirely to nonresidential use.
📄 Read the official text at nmonesource.com →
How SoShiny helps with Creation of condominium
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does New Mexico §47-7B-1 require?
- Create a condominium only by recording a declaration executed like a deed, in each county where any portion sits, indexed in the grantee's index under the condominium and the association. Do not record a declaration (or an amendment adding units) unless all structural components and mechanical systems of buildings containing the created units are substantially completed, evidenced by a recorded certificate of completion from a licensed engineer, architect, building inspector, or the declarant. That completion rule does not apply to a conversion building restricted entirely to nonresidential use.
- Who does New Mexico §47-7B-1 apply to?
- New Mexico §47-7B-1 applies to Condo associations in New Mexico.
- What happens if our condo doesn't comply with §47-7B-1?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for New Mexico community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of New Mexico §47-7B-1?
- The official text is published by the New Mexico Legislature at nmonesource.com. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Creation of condominium?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of New Mexico §47-7B-1 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a New Mexico-licensed attorney. For the official statutory text, see the link above.
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