66-27-103 - Horizontal property regime Planned unit development Establishment. - Tennessee Statutes

66-27-103. Horizontal property regime Planned unit development Establishment.

(a)  Whenever a developer, the sole owner, or the co-owners of a building expressly declare, through the recordation of a master deed or lease, or by plat, which shall set forth the particulars enumerated by § 66-27-107, their desire to submit their property to the regime established by this chapter, there shall be thereby established a horizontal property regime.

(b)  If there is substantial compliance with this chapter as pertaining to private elements, and if an appropriate legal opinion is obtained from an attorney licensed to practice law in Tennessee to the effect that all legal documents required in this chapter for the creation of a planned unit development are attached and therefore a planned unit development is created under this chapter, then a planned unit development shall be deemed to have been properly organized and constituted under Tennessee law. All planned unit developments shall require a declaration, bylaws, a plat showing private and common elements, a townhouse corporation, charter and an attorney's opinion.

[Acts 1963, ch. 124, § 3; T.C.A., § 64-2703; Acts 1990, ch. 823, § 6.]