Need help reviewing a real estate contract? Have it reviewed by a lawyer, get answers to your questions and move forward with confidence. Connect with a lawyer now
Common expense: means costs incurred by the association to exercise any of the powers provided for in the association's governing documents. See Utah Code 57-8a-102
Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Document: means every instrument in writing, including every conveyance, affecting, purporting to affect, describing, or otherwise concerning any right, title, or interest in real property, except wills and leases for a term not exceeding one year. See Utah Code 57-1-1
Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
Governing documents: includes :
(i)
articles of incorporation;
(ii)
bylaws;
(iii)
a plat;
(iv)
a declaration of covenants, conditions, and restrictions; and
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
real estate: means any right, title, estate, or interest in land, including all nonextracted minerals located in, on, or under the land, all buildings, fixtures and improvements on the land, and all water rights, rights-of-way, easements, rents, issues, profits, income, tenements, hereditaments, possessory rights, claims, including mining claims, privileges, and appurtenances belonging to, used, or enjoyed with the land or any part of the land. See Utah Code 57-1-1
Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Residential lot: means a lot, the use of which is limited by law, covenant, or otherwise to primarily residential or recreational purposes. See Utah Code 57-8a-102
(a)
“Assessment” means a charge imposed or levied:
(i)
by the association;
(ii)
on or against a lot or a lot owner; and
(iii)
pursuant to a governing document recorded with the county recorder.
(b)
“Assessment” includes:
(i)
a common expense; and
(ii)
an amount assessed against a lot owner under Subsection 57-8a-405(7).
(2)
(a)
Except as provided in Subsection (2)(b), “association” means a corporation or other legal entity, any member of which:
(i)
is an owner of a residential lot located within the jurisdiction of the association, as described in the governing documents; and
(ii)
by virtue of membership or ownership of a residential lot is obligated to pay:
(A)
real property taxes;
(B)
insurance premiums;
(C)
maintenance costs; or
(D)
for improvement of real property not owned by the member.
“Board meeting” means a gathering of a board, whether in person or by means of electronic communication, at which the board can take binding action.
(4)
“Board of directors” or “board” means the entity, regardless of name, with primary authority to manage the affairs of the association.
(5)
“Common areas” means property that the association:
(a)
owns;
(b)
maintains;
(c)
repairs; or
(d)
administers.
(6)
“Common expense” means costs incurred by the association to exercise any of the powers provided for in the association’s governing documents.
(7)
“Declarant”:
(a)
means the person who executes a declaration and submits it for recording in the office of the recorder of the county in which the property described in the declaration is located; and
(b)
includes the person’s successor and assign.
(8)
“Director” means a member of the board of directors.
(9)
“Electrical corporation” means the same as that term is defined in Section 54-2-1.
(10)
“Gas corporation” means the same as that term is defined in Section 54-2-1.
(11)
(a)
“Governing documents” means a written instrument by which the association may:
(i)
exercise powers; or
(ii)
manage, maintain, or otherwise affect the property under the jurisdiction of the association.
(b)
“Governing documents” includes:
(i)
articles of incorporation;
(ii)
bylaws;
(iii)
a plat;
(iv)
a declaration of covenants, conditions, and restrictions; and
(v)
rules of the association.
(12)
“Independent third party” means a person that:
(a)
is not related to the owner of the residential lot;
(b)
shares no pecuniary interests with the owner of the residential lot; and
(c)
purchases the residential lot in good faith and without the intent to defraud a current or future lienholder.
(13)
“Judicial foreclosure” means a foreclosure of a lot:
(a)
for the nonpayment of an assessment;
(b)
in the manner provided by law for the foreclosure of a mortgage on real property; and
(c)
as provided in 3.
(14)
“Lease” or “leasing” means regular, exclusive occupancy of a lot:
(a)
by a person or persons other than the owner; and
(b)
for which the owner receives a consideration or benefit, including a fee, service, gratuity, or emolument.
(15)
“Limited common areas” means common areas described in the declaration and allocated for the exclusive use of one or more lot owners.
(16)
“Lot” means:
(a)
a lot, parcel, plot, or other division of land:
(i)
designated for separate ownership or occupancy; and
(ii)
(A)
shown on a recorded subdivision plat; or
(B)
the boundaries of which are described in a recorded governing document; or
(b)
(i)
a unit in a condominium association if the condominium association is a part of a development; or
(ii)
a unit in a real estate cooperative if the real estate cooperative is part of a development.
(17)
(a)
“Means of electronic communication” means an electronic system that allows individuals to communicate orally in real time.
(b)
“Means of electronic communication” includes:
(i)
web conferencing;
(ii)
video conferencing; and
(iii)
telephone conferencing.
(18)
“Mixed-use project” means a project under this chapter that has both residential and commercial lots in the project.
(19)
“Nonjudicial foreclosure” means the sale of a lot:
(a)
for the nonpayment of an assessment;
(b)
in the same manner as the sale of trust property under Sections 57-1-19 through 57-1-34; and
(c)
as provided in 3.
(20)
“Period of administrative control” means the period during which the person who filed the association’s governing documents or the person’s successor in interest retains authority to:
(a)
appoint or remove members of the association’s board of directors; or
(b)
exercise power or authority assigned to the association under the association’s governing documents.
(21)
“Political sign” means any sign or document that advocates:
(a)
the election or defeat of a candidate for public office; or
(b)
the approval or defeat of a ballot proposition.
(22)
“Protected area” means the same as that term is defined in Section 77-27-21.7.
(23)
“Rentals” or “rental lot” means:
(a)
a lot that:
(i)
is not owned by an entity or trust; and
(ii)
is occupied by an individual while the lot owner is not occupying the lot as the lot owner’s primary residence; or
(b)
an occupied lot owned by an entity or trust, regardless of who occupies the lot.
(24)
“Residential lot” means a lot, the use of which is limited by law, covenant, or otherwise to primarily residential or recreational purposes.
(25)
(a)
“Rule” means a policy, guideline, restriction, procedure, or regulation of an association that:
(i)
is not set forth in a contract, easement, article of incorporation, bylaw, or declaration; and
(ii)
governs:
(A)
the conduct of persons; or
(B)
the use, quality, type, design, or appearance of real property or personal property.
(b)
“Rule” does not include the internal business operating procedures of a board.
(26)
“Sex offender” means the same as that term is defined in Section 77-27-21.7.
(27)
“Solar energy system” means:
(a)
a system that is used to produce electric energy from sunlight; and
(b)
the components of the system described in Subsection (27)(a).
