NC General Statutes
N.C. Gen. Stat. § 47A-5 (2026)
Nature and incidents of unit ownership
✓ current as of July 2026
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Unit ownership as created and defined in this Article shall vest in the holder exclusive ownership and possession with all the incidents of real property. A condominium unit in the building may be individually conveyed, leased and encumbered and may be inherited or devised by will, as if it were solely and entirely independent of the other condominium units in the building of which it forms a part. Such a unit may be held and owned by more than one person either as tenants in common or tenants by the entirety or in any other manner recognized under the laws of this State. (1963, c. 685, s. 5; 1983, c. 624, s. 2.)
Notes of Decisions
Cited in 3
cases, 1983–2003 · leading case: Briggs v. City of Asheville, 583 S.E.2d 733 (N.C. Ct. App. 2003).
Briggs v. City of Asheville, 583 S.E.2d 733 (N.C. Ct. App. 2003). “” Thus, A condominium unit in the building may be individually conveyed, leased and encumbered and may be inherited or devised by will, as if it were solely and entirely independent of the other condominium units in the building of which it forms a part.”
Tar Landing Villas Owners' Ass'n v. Town of Atl. Beach, 307 S.E.2d 181 (N.C. Ct. App. 1983). “Specifically, under G.S. 47A-5, unit ownership is said to “vest in the holder exclusive ownership and possession with all the incidents of real property.”
Tar Landing Villas Owners'ass'n v. Atl. Beach, 307 S.E.2d 181 (N.C. Ct. App. 1983). “Specifically, under G.S. 47A-5, unit ownership is said to "vest in the holder exclusive ownership and possession *188 with all the incidents of real property.”
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