HOMEOWNERS' ASSOCIATION INFORMATION

DISCLAIMER

The information provided by HOPB is for educational purposes only and it's not meant to provide or to be construed as legal advice. Any legal questions, should be directed to your attorney. We cannot respond to questions regarding the law.

HOA LAWS AND REGULATIONS

47-16-1 - Short title.
47-16-2 - Definitions.
47-16-3 - Creation of homeowner association.
47-16-4 - Recording or filing of homeowner association notice and declaration.
47-16-5 - Record disclosure to members; updated information.
47-16-6 - Duties of homeowner association.
47-16-7 - Board members and officers; duties; budget.
47-16-8 - Declarant control of board.
47-16-9 - Proxy and absentee voting; ballot count.
47-16-10 - Financial audit.
47-16-11 - Contract disclosure statement or disclosure certificate; right of cancellation of purchase contract.
47-16-12 - Sale of lots; disclosure certificate.
47-16-13 - Purchaser’s cancellation of a purchase contract.
47-16-14 - Attorney fees and costs.
47-16-15 - Applicability.
47-16-16 - Flags.

 

GOVERNMENT AGENCIES & RESOURCES

LEGAL RESOURCES

PRIVATE SECTOR RESOURCES

NEW MEXICO CONDOMINIUM ASSOCIATION ACT

The Condominium Act [ 47-7A-1 to 47-7D-20 NMSA 1978] applies to all condominiums created within the state of new Mexico after the effective date of the act in 1982 (90 days after the 1982 legislative session ended.

**Note: To access the statutes outlined below type "Condominium Act" on the search field of the government site. If you have any problems accessing the statues, contact us.

47-7A-1 - Short title
47-7A-2 - Applicability
47-7A-3 - Definitions
47-7A-4 - Variation by agreement
47-7A-5 - Taxation
47-7A-6 - Applicability of local ordinances, regulations and building codes
47-7A-7 - Eminent domain
47-7A-8 - Supplemental general principles of law applicable
47-7A-9 - Construction against implicit repeal, amendment or expansion
47-7A-11 - Severability
47-7A-12 - Unconscionable agreement or term of contract
47-7A-13 - Obligation of good faith
47-7A-14 - Remedies to be liberally administered

47-7C-1 — Organization of unit owners' association.
47-7C-2 — Powers of unit owners' association.
47-7C-3 — Executive board members and officers.
47-7C-4 — Transfer of special declarant rights.
47-7C-5 — Termination of contracts and leases of declarant.
47-7C-6 — Bylaws.
47-7C-7 — Upkeep of condominium.
47-7C-8 — Meetings.
47-7C-9 — Quorums.
47-7C-10 — Voting; proxies.
47-7C-11 — Tort and contract liability.
47-7C-12 — Conveyance or encumbrance of common elements.
47-7C-13 — Insurance.
47-7C-14 — Surplus funds.
47-7C-15 — Assessments for common expenses.
47-7C-16 — Lien for assessments.
47-7C-17 — Other liens affecting the condominium.
47-7C-18 — Association records.
47-7C-19 — Association as trustee.

47-7B-1 - Creation of condominium
47-7B-2 - Unit boundaries
47-7B-3 - Construction and validity of declaration and bylaws
47-7B-4 - Description of units
47-7B-5 - Contents of declaration
47-7B-6 - Leasehold condominiums
47-7B-7 - Allocation of common element interests;  votes;  common expense liabilities
47-7B-8 - Limited common elements
47-7B-9 - Plats and plans
47-7B-10 - Exercise of development rights
47-7B-11 - Alterations of units
47-7B-12 - Relocation of boundaries between adjoining units
47-7B-13 - Subdivision of units
47-7B-14 - Easement for encroachments
47-7B-15 - Use for sales purposes
47-7B-16 - Easement rights
47-7B-17 - Amendment of declaration
47-7B-18 - Termination of condominium
47-7B-19 - Rights of secured lenders
47-7B-20 - Master associations
47-7B-21 - Merger or consolidation of condominiums

47-7D-1: Requirement for disclosure statement.
47-7D-2: Liability for disclosure statement requirements.
47-7D-3: Disclosure statement; general provisions.
47-7D-4: Condominiums subject to development rights.
47-7D-5: Time shares.
47-7D-6: Condominiums containing conversion buildings.
47-7D-7: Condominium securities.
47-7D-8: Purchaser's right to cancel.
47-7D-9: Resales of units.
47-7D-10: Escrow of deposits.
47-7D-11: Release of liens.
47-7D-12: Conversion buildings.
47-7D-13: to 47-7D-16 Reserved.
47-7D-17: Effect of violations on rights of action; attorney's fees.
47-7D-18: Labeling of promotional material.
47-7D-19: Declarant's obligation to complete and restore.
47-7D-20: Substantial completion of units.


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