P.R. Laws tit. 5, § 4592
The provisions in this subchapter shall apply solely to the housing unit and common elements owned by the housing cooperatives that expressly state their will to subject the real property to this regime by registering it through of a public instrument and registration with the Property Registry. The regime may be established over real property located on land owned by others, provided that the owner of the land grants to the cooperative the leasing, usufruct or surface rights in perpetuity, or otherwise transfers the right of use without the transfer of ownership rights. The deed to establish the regime shall clearly and specifically state the purpose and use of all areas which comprise the real property, and, unless otherwise authorized in this chapter, once established, said purpose and use shall only be changed with the unanimous consent of the members of the cooperative. The members of the cooperative shall be given orientation and education on this organizational concept and on the cooperative principles, values and doctrines prior to the establishment of the regime or to becoming a member of a cooperative under said regime, including orientation regarding the causes and conditions for the loss of membership or rights as member-owner, as the case may be.
History —Sept. 1, 2004, No. 239, § 35A.2.