Homestead, Of What It Consists

The homestead consists of the dwelling house in which the claimant resides, together with outbuildings, and the land on which the same are situated, selected as in this Title provided. The dwelling house may be in condominium, a planned development, a stock cooperative or a community apartment project, or may be situated on real property held under long-term lease rather than a freehold. In such cases, an agreement, covenant or restriction between or binding upon the owners of a title, interest or estate in a condominium, planned development, stock cooperative or community apartment project, or a lien arising under such agreement, covenant or restriction or an underlying lease or sublease, indebtedness, security or other interest or obligation may be enforced in the same manner as if no homestead were declared, and the homestead shall include the interest in and right to use common areas and other appurtenances subject to the terms and conditions applicable thereto. For the purposes of this Section, "long-term lease" is a lease thirty

(30)years or more.