P.R. Laws tit. 31, § 1296a

2019-02-20 00:00:00+00
§ 1296a. Effect of entering the regime

Once the property is submitted to the condo hotel regime, the lodging units, commercial units, and residential units may be individually transferred or encumbered and be subject to the domain or possession, and any kind of inter vivos or mortis causa judicial actions, fully independent from all other lodging units, commercial units, and residential units of the condo hotel of which they are part, subject, however, to the provisions of this chapter. The corresponding deeds may be recordable in the Property Registry according and subject to the provisions of this chapter and the Mortgage and Property Registry Act. If the leasing contract is recorded, any person who becomes the owner of a lodging unit upon acquiring such unit shall be bound by the terms of the leasing contract previously executed by the former unit owner.

History —Aug. 12, 2008, No. 249, § 4.102; Dec. 16, 2009, No. 178, § 3; June 24, 2010, No. 67, § 3.