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(a) A proprietor of a home in a condominium regime owns it solely, as well as the owner may have, communicate, or encumber the home, or subject it to judicial acts, separately of the various other houses in the condo regime.(b) A private title or passion in a home in a condominium program is recordable.(c) The entire rate of interest in the condo regime shall be divided among the apartment or condos.


1, eff. An owner of an apartment or condo in a condo regimen shares possession of the regime's typical aspects with the other house owners. An apartment or condo proprietor might make use of the common elements according to their designated functions, as revealed in the plat, declaration, or laws of the condominium routine, without conflicting with the civil liberties of the various other apartment owners.


3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDERS OF COMMON ELEMENTS. (a) The possession of the basic and the minimal typical aspects of a condo regime might not be judicially partitioned or split while they are appropriate for a condominium program.(b) A person may not initiate an action for dividers of the limited or basic common aspects of a condominium routine unless the home loans on the residential property are paid or the consent of the mortgagees is gotten.(c) An agreement as opposed to this area is gap.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. CONVEYANCE OF COMMON COMPONENTS. A house in a condo routine as well as the undistracted passion of an apartment or condo proprietor in the usual components of the program that are attributable to the apartment might not be communicated individually. If a transportation of an apartment or condo does not refer to the common elements, the concentrated rate of interest of the apartment owner in the general as well as the minimal usual elements of the regimen attributable to the house is conveyed with the apartment or condo.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDO ROUTINE. (a) By consentaneous contract, or if the declaration attends to discontinuation by arrangement of the proprietors, by contract of the owners of a minimum of 67 percent or a mentioned percent in the declaration, whichever is greater, of the possession passions in the condominium, the owners of a structure in a condominium program may end the routine as well as find out here now request the county staff of the county in which the regime is situated to combine the records of the estates that consist of the condo program, if any kind of financial institutions in whose behalf encumbrances against the building are tape-recorded concur to approve the wholehearted parts of the property owned by the borrowers as safety, provided no modification may be made to a statement to minimize the ballot needed for termination of the condominium regimen - new apartments greenwood.(b) If a condo regimen is terminated, each apartment owner possesses a wholehearted rate of interest in the usual home that matches to the undivided passion formerly had by the apartment or condo owner in the usual aspects.(c) Residential property that has been gotten rid of from a condominium routine may be committed to another condominium regimen at any time.




1, eff. MODIFICATION OF CONDO STATEMENT. After a condominium statement is videotaped with a region staff, the declaration may not be amended other than at a conference of the house owners at which the change is approved by the owners of at least 67 percent of the ownership rate of interests in the condo.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. BALLOT BULK. For the purposes of this chapter, the home proprietors who own at the very least 51 percent of the interests in a condominium routine, as figured out under the declaration, are a bulk of the apartment proprietors find out here now (modern apartments greenwood). Acts 1983, 68th Leg., p.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE. (a) By resolution of a majority of the council of owners or in the manner given or needed by the affirmation or bylaws, the council of owners might obtain the insurance coverage it deems ideal for the protection of the buildings and the house proprietors.(b) Insurance coverage might be composed in the name of the council of owners, or for a person designated in the statement or laws, as trustee for the house proprietors and also their mortgagees.


Unless the council of owners all concurs or else, the insurance coverage continues will be paid to the individual apartment or condo proprietors or their mortgagees, as their interest might appear, symmetrical to the passion of a house proprietor in the condominium regimen as developed by the declaration. Acts 1983, 68th Leg., p.

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3623, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 209. CONDO RECORDS. (a) The administrator or board of administration of a condominium regime or a person selected by the bylaws of the regime will keep a detailed written account of the receipts and expenses related to the structure and also its management that specifies the expenditures sustained by the program.(b) The accounts as well as supporting vouchers of a condominium regimen will be made available to the house proprietors for examination on functioning days at convenient, established, and go to this website also publicly revealed hours.(c) Guides and documents of a condo regime have to adhere to great accountancy treatments as well as must be audited at the very least once annually by an auditor who is not related to the condominium regimen.