South Dakota Codified Laws 43-15A-7. Exclusive and common rights of owners
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Any condominium owner shall have an exclusive right to his condominium and shall have a common right to a share, with other co–owners, in the common areas of the property.
Terms Used In South Dakota Codified Laws 43-15A-7
- Common areas: as used in this chapter , unless the context otherwise requires and unless otherwise provided in the master deed or lease, includes:
(1) The land whether fee simple or leased, on which the building or buildings stand. See South Dakota Codified Laws 43-15A-5
- Condominium: as used in this chapter , unless the context otherwise requires, shall mean an estate in real property consisting of an undivided interest in portions of a parcel of real property together with a separate interest in space in a residential, industrial, or commercial building or industrial and commercial building on such real property, such as, but not restricted to, an apartment, office, or store. See South Dakota Codified Laws 43-15A-2
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1975, ch 270, § 4.