KRS 381.850: Waiver of regime -- Effect of encumbrances.

All of the co-owners or the sole owner of a building constituted into a horizontal property

regime may waive this regime and request the county clerk to regroup or merge the

records of the filial estates with the principal property, provided, that the fili al estates are

unencumbered, or if encumbered, that the creditors in whose behalf the encumbrances are

recorded agree to accept as security the undivided portions of the property owned by the

debtors.