Montana § 15-8-512 - Common Elements Serving Residential Or Commercial Development
Full text of Montana Montana Code Annotated § 15-8-512 — Common Elements Serving Residential Or Commercial Development, with citation guidance and answers to common questions.
§ 15-8-512. Common Elements Serving Residential Or Commercial Development
Common elements serving residential or commercial development. (1) Each lot in a residential or commercial development, regardless of whether improved or unimproved, is considered a parcel of real property subject to separate assessment and taxation. The value of common elements must be allocated to each lot owner pursuant to 15-8-111 . (2) The assessment provisions of subsection (1) are not negated by the existence or formation of a contract between the developer and lot purchasers or an agreement among lot purchasers that would attempt to obligate the developer or an association of lot owners to pay taxes on the common elements.
Frequently Asked Questions About Montana § 15-8-512
What does Montana Code Annotated § 15-8-512 cover?
Section 15-8-512 ("Common Elements Serving Residential Or Commercial Development") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 15-8-512?
A common citation format is "Montana Code Annotated § 15-8-512" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 15-8-512 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.