Condominiums subject to development rights
- Statute:
- New Mexico §47-7D-4 · Article CONDO (New Mexico Condominium Act (NMSA 47-7A-1 to 47-7D-20))
- Topic:
- Records & Disclosure · Development rights disclosure
- Applies to:
- Condo associations
If the declaration reserves development rights, the disclosure statement must also state the maximum number of units and units per acre that may be created, how many will be residential, and the other listed development-right facts.
📄 Read the official text at nmonesource.com →
How SoShiny helps with Condominiums subject to development rights
SoShiny gives every owner instant, permissioned access to the official records this statute requires — searchable, audit-logged, and exportable for state inspections. The records survive every board turnover because they live in one place, not in someone's inbox.
See the feature → Start freeFrequently asked
- What does New Mexico §47-7D-4 require?
- If the declaration reserves development rights, the disclosure statement must also state the maximum number of units and units per acre that may be created, how many will be residential, and the other listed development-right facts.
- Who does New Mexico §47-7D-4 apply to?
- New Mexico §47-7D-4 applies to Condo associations in New Mexico.
- What happens if our condo doesn't comply with §47-7D-4?
- 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 §47-7D-4?
- 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 Condominiums subject to development rights?
- SoShiny gives every owner instant, permissioned access to the official records this statute requires — searchable, audit-logged, and exportable for state inspections. The records survive every board turnover because they live in one place, not in someone's inbox. Learn more →
Not legal advice. This page is a plain-English summary of New Mexico §47-7D-4 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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