condominium unit includes both a physical unit together with its appurtenant undivided interest
in the common areas and facilities and a time period unit together with its appurtenant undivided
interest, unless the reference is specifically limited to a time period unit.
(11) "Contractible condominium" means a condominium project from which one or more
portions of the land within the project may be withdrawn in accordance with provisions of the
declaration and of this chapter. If the withdrawal can occur only by the expiration or termination
of one or more leases, then the condominium project is not a contractible condominium within
the meaning of this chapter.
(12) "Convertible land" means a building site which is a portion of the common areas
and facilities, described by metes and bounds, within which additional units or limited common
areas and facilities may be created in accordance with this chapter.
(13) "Convertible space" means a portion of the structure within the condominium
project, which portion may be converted into one or more units or common areas and facilities,
including limited common areas and facilities in accordance with this chapter.
(14) "Declarant" means all persons who execute the declaration or on whose behalf the
declaration is executed. From the time of the recordation of any amendment to the declaration
expanding an expandable condominium, all persons who execute that amendment or on whose
behalf that amendment is executed shall also come within this definition. Any successors of the
persons referred to in this subsection who come to stand in the same relation to the condominium
project as their predecessors also come within this definition.
(15) "Declaration" means the instrument by which the property is submitted to the
provisions of this act, as it from time to time may be lawfully amended.
(16) "Expandable condominium" means a condominium project to which additional land
or an interest in it may be added in accordance with the declaration and this chapter.
(17) "Leasehold condominium" means a condominium project in all or any portion of
which each unit owner owns an estate for years in his unit, or in the land upon which that unit is
situated, or both, with all those leasehold interests to expire naturally at the same time. A
condominium project including leased land, or an interest in the land, upon which no units are
situated or to be situated is not a leasehold condominium within the meaning of this chapter.
(18) "Limited common areas and facilities" means those common areas and facilities
designated in the declaration as reserved for use of a certain unit or units to the exclusion of the
other units.
(19) "Majority" or "majority of the unit owners," unless otherwise provided in the
declaration or lawful amendments to the declaration, means the owners of more than 50% in the
aggregate in interest of the undivided ownership of the common areas and facilities.
(20) "Management committee" means the committee as provided in the declaration
charged with and having the responsibility and authority to make and to enforce all of the
reasonable rules covering the operation and maintenance of the property.
(21) "Par value" means a number of dollars or points assigned to each unit by the
declaration. Substantially identical units shall be assigned the same par value, but units located
at substantially different heights above the ground, or having substantially different views, or
having substantially different amenities or other characteristics that might result in differences in
market value, may be considered substantially identical within the meaning of this subsection. If
par value is stated in terms of dollars, that statement may not be considered to reflect or control
the sales price or fair market value of any unit, and no opinion, appraisal, or fair market
transaction at a different figure may affect the par value of any unit, or any undivided interest in
the common areas and facilities, voting rights in the unit owners' association, liability for
common expenses, or right to common profits, assigned on the basis thereof.
(22) "Person" means an individual, corporation, partnership, association, trustee, or other
legal entity.
(23) "Property" means the land, whether leasehold or in fee simple, the building, if any,
all improvements and structures thereon, all easements, rights, and appurtenances belonging
thereto, and all articles of personal property intended for use in connection therewith.
(24) "Record," "recording," "recorded," and "recorder" have the meaning stated in Title
57, Chapter 3, Recording of Documents.
(25) "Size" means the number of cubic feet, or the number of square feet of ground or
floor space, within each unit as computed by reference to the record of survey map and rounded
off to a whole number. Certain spaces within the units including attic, basement, or garage space
may be omitted from the calculation or be partially discounted by the use of a ratio, if the same
basis of calculation is employed for all units in the condominium project and if that basis is
described in the declaration.
(26) "Time period unit" means an annually recurring part or parts of a year specified in
the declaration as a period for which a unit is separately owned and includes a timeshare estate as
defined in Subsection 57-19-2(17).
(27) "Unit" means either a separate physical part of the property intended for any type of
independent use, including one or more rooms or spaces located in one or more floors or part or
parts of floors in a building or a time period unit, as the context may require. A convertible space
shall be treated as a unit in accordance with Subsection 57-8-13.4(3). A proposed condominium
unit under an expandable condominium project, not constructed, is a unit two years after the date
the recording requirements of Section 57-8-13.6 are met.
(28) "Unit number" means the number, letter, or combination of numbers and letters
designating the unit in the declaration and in the record of survey map.
(29) "Unit owner" means the person or persons owning a unit in fee simple and an
undivided interest in the fee simple estate of the common areas and facilities in the percentage
specified and established in the declaration or, in the case of a leasehold condominium project,
the person or persons whose leasehold interest or interests in the condominium unit extend for
the entire balance of the unexpired term or terms.
Amended by Chapter 291, 2008 General Session
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