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Section 14: Removal from provisions of Act.

The Maharashtra Apartment Ownership Act, 1970State Act of Maharashtra · Act 15 of 1971

[(1) A property may be removed from the provisions of this Act, by majority of apartment owners by an instrument to that effect duly executed.] :

Provided that, the holders of all charges and other encumbrances affecting any of the apartments consent thereto or agree, in either case by instruments duly executed that their charges or encumbrances be transferred to the percentage of the undivided interest of the apartment owner in the property as hereinafter provided.

(2) Upon removal of the property from the provisions of this Act, the property shall be deemed to be owned in common by the apartment owners. The undivided interest in the property owned in common which shall appertain to each apartment owner shall be the percentage of undivided interest previously owned by such owner in the common areas and facilities.

Where this provision sits

ActThe Maharashtra Apartment Ownership Act, 1970
Section14
Marginal noteRemoval from provisions of Act.
JurisdictionState of Maharashtra
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted, Mah. 41 of 2018. Sub-section (1) was substituted for the original by Mah. 41 of 2018, s. 7.

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