California Law (Last Updated: March 4, 2014) |
Civil Code - CIV |
Division 2. PROPERTY |
Part 4. ACQUISITION OF PROPERTY |
Title 6. COMMON INTEREST DEVELOPMENTS |
Chapter 3. Ownership Rights and Interests |
Section 1362.
Latest version.
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Unless the declaration otherwise provides, in a condominium project, or in a planned development in which the common areas are owned by the owners of the separate interests, the common areas are owned as tenants in common, in equal shares, one for each unit or lot.
(Added by Stats. 1985, Ch. 874, Sec. 14. Repealed as of January 1, 2014, by Stats. 2012, Ch. 180, Secs. 1 and 3.)