The Oklahoma Unit Ownership Estate Act (Okla. Stat. Ann. tit. 60, §§ 501-530) sets forth the rules and regulations for the creation and administration of a unit ownership estate. A unit ownership estate is a form of real estate ownership, where an undivided interest in the whole property, including the land and buildings, is held by a group of owners. Under this Act, multiple owners can share ownership of a single property, while still maintaining individual ownership of their unit.

The Act outlines the rules and regulations regarding the creation of unit ownership estates, such as the required documents, the establishment of a unit owners' association, and the election of officers. Additionally, it provides guidance on the management of the estate, including the collection of assessments, the establishment of bylaws, and the enforcement of rules. Finally, the Act sets forth procedures for the transfer of ownership and termination of the estate.

Section NameSection Number
Short Title§ 501
Creation of Unit Ownership Estate - Recording - Lands Exempt§ 502
Definitions§ 503
Status and Title Created§ 504
Ratio of Interest in Common Elements§ 505
Common Elements to Remain Undivided - Partition Actions Prohibited§ 506
Use of Common Elements§ 507
Strict Compliance With Rules and Bylaws by Unit Owners§ 508
Maintenance and Repair of Common Elements - Additions or Improvements§ 509
Work Jeopardizing Soundness or Safety of Property Prohibited Without Unanimous Consent§ 510
Liens Against Unit Estates - Discharge§ 511
Contribution toward Expenses of Administration and Maintenance and Repair of General Common Elements§ 512
Common Profits - Distribution§ 513
Recording and Particulars of Declaration Creating and Establishing Unit Ownership Estates§ 514
Deeds Conveying Estates - Recording - Contents§ 515
Effectiveness of Deed, Mortgage or Other Instrument Conveying, Mortgaging, or Encumbering a Unit Ownership Estate§ 515.1
Plans Attached to Declarations§ 516
Removal of Property From Provisions of Act§ 517
Resubmission of Property to Provisions of Act§ 518
Administration of Property to be Governed by Bylaws§ 519
Necessary Contents of Bylaws§ 520
Maintenance and Examination of Books and Receipts of Expenditures§ 521
Homestead Exemptions Applicable§ 522
Assessment of Taxes, Special Assessments and Other Charges - Liability§ 523
Liens for Unpaid Share of Common Expenses - Priorities - Enforcement§ 524
Joint and Several Liability of Grantor and Grantee for Unpaid Common Expenses§ 525
Insuring Property against Risks§ 526
Repair of Damage or Destruction to Building§ 527
Property that is Obsolete§ 528
Actions Relating to Common Elements§ 529
Persons Subject to Act§ 530
 

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