§ 47A-5. Nature and incidents of unit ownership. - North Carolina Statutes

§47A‑5.  Nature and incidents of unit ownership.

Unit ownership as created anddefined in this Article shall vest in the holder exclusive ownership andpossession with all the incidents of real property. A condominium unit in thebuilding may be  individually conveyed, leased and encumbered and may beinherited or devised by will, as if it were solely and entirely independent ofthe  other condominium units in the building of which it forms a part. Such aunit may be held and owned by more than one person either as tenants in commonor tenants by the entirety or in any other manner recognized under the laws ofthis State. (1963, c. 685, s. 5; 1983, c. 624, s. 2.)