Oklahoma § 60-505 - Undivided interest in common elements - Ratio
Full text of Oklahoma Oklahoma Statutes § 60-505 — Undivided interest in common elements - Ratio, with citation guidance and answers to common questions.
§ 60-505. Undivided interest in common elements - Ratio
A. Each unit owner shall be entitled to an undivided interest
in the common elements in the ratio expressed in the declaration.
Such ratio shall be in the approximate relation that the estimated
fair value upon completion of the unit determined at the date of the
declaration bears to the aggregate estimated fair value upon
completion of all the units having an interest in such common
elements.
B. The ratio of the undivided interest of each unit owner in
the common elements as expressed in the declaration shall have a
permanent character and shall not be altered except as specifically
provided in the declaration pursuant to paragraph (i) of Section 514
of this title, or with the unanimous consent of all unit owners
having an interest, expressed in an amended declaration duly
recorded.
C. The undivided interest in the common elements and limited
common elements set aside to the unit, shall not be separated from
the unit to which same appertains and shall be deemed conveyed or
encumbered with the unit even though such interest is not expressly
mentioned or described in the conveyance or other instrument. The
common elements and limited common elements shall not be conveyed
separately from the unit.
Amended by Laws 1985, c. 137, § 2, eff. Nov. 1, 1985; Laws 1989, c.
273, § 2, eff. Nov. 1, 1989.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 60-505
What does Oklahoma Statutes § 60-505 cover?
Section 60-505 ("Undivided interest in common elements - Ratio") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. 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 Oklahoma § 60-505?
A common citation format is "Oklahoma Statutes § 60-505" (Oklahoma). 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 Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 60-505 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma 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 Oklahoma.