Creation of Condominium

Creation of Condominium. (a) A condominium may be created pursuant to this division only by recording a declaration executed, in the same manner as a deed, by all persons whose interests in the real estate will be conveyed in whole or in part to the unit owners. The declaration shall be recorded in every island in which any portion of the condominium is located, and shall be indexed in the name of the condominium and each declarant. (b) A declaration or an amendment to a declaration adding units to a condominium, may not be recorded unless all structural components and mechanical systems of all buildings containing or comprising any units thereby created are substantially completed in accordance with the plans, as evidenced by a recorded certificate of completion executed by an independent engineer, surveyor, or architect, or unless the declaration or amendment includes the information required in 2 CMC § 6408(b). (c) No interest in a unit may be conveyed until the unit is substantially completed, except pursuant to 2 CMC § 6408(b), as evidenced by a recorded certificate of completion executed by an independent architect, surveyor, or engineer. Source: PL 3-86, § 2-101.