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(a) An owner of an apartment or condo in a condominium regimen possesses it exclusively, and the proprietor might possess, share, or overload the apartment, or subject it to judicial acts, separately of the various other apartment or condos in the condominium regime.(b) An individual title or passion in a home in a condo regime is recordable.(c) The entire rate of interest in the condo regimen will be separated amongst the houses.


3620, ch. 576, Sec - apartments for rent near greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. RATE OF INTERESTS IN COMMON ASPECTS. An owner of an apartment or condo in a condo regimen shares possession of the regimen's common components with the other home owners. A home proprietor might use the usual elements according to their desired purposes, as expressed in the plat, statement, or bylaws of the condo regimen, without hindering the civil liberties of the various other apartment owners.


3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDING OF COMMON COMPONENTS. (a) The possession of the basic and the limited usual elements of a condo routine may not be judicially separated or split while they are suitable for a condo routine.(b) A person may not start an action for dividers of the limited or general usual aspects of a condo regimen unless the mortgages on the home are paid or the permission of the mortgagees is obtained.(c) A contract contrary to this section is gap.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. CONVEYANCE OF COMMON ELEMENTS. A home in a condo regime and the concentrated passion of an apartment or condo proprietor in the common elements of the regimen that are attributable to the house might not be conveyed independently. If a transportation of a home does not refer to the typical aspects, the concentrated passion of the home proprietor in the general and also the restricted common aspects of the routine attributable to the apartment or condo is shared with the house.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDOMINIUM ROUTINE. (a) By unanimous contract, or if the statement offers discontinuation by contract of the proprietors, by contract of the owners of a minimum of 67 percent or a specified portion in the affirmation, whichever is better, of the ownership interests in the condominium, the proprietors of a structure in a condominium routine might end the program and demand the county clerk of the county in which the program is situated to combine the documents of the estates that make up the condominium routine, if any kind of financial institutions in whose behalf encumbrances versus the building are tape-recorded consent to accept the undivided sections of the property owned by the borrowers as security, supplied no change may be made to a statement to lower the ballot needed for discontinuation of the condo regime - apartments for rent near greenlake.(b) If a condominium routine is terminated, each home proprietor has a wholehearted passion in the common home that corresponds to the wholehearted interest previously possessed by the home owner in the usual aspects.(c) Building that has actually been removed from a condo regime might be committed to another condominium routine any time.




3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Modified by Acts 1989, 71st Leg., ch. 157, Sec. 1, eff. May 25, 1989. Sec. 81. 111. CHANGE OF CONDOMINIUM AFFIRMATION. After a condo statement is taped with a county clerk, the affirmation may not be modified other than at a conference of the house owners at which the amendment is approved by the holders of at the very click here to read least 67 percent of the ownership rate of interests in the condo.

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For the purposes of this chapter, the home owners that possess at the very least 51 percent of the passions in a condo routine, as figured out under the statement, are a majority of the apartment proprietors. (a) By resolution of a majority of the council of owners or in the way provided or visit site required by the affirmation or bylaws, the council of proprietors might obtain the insurance coverage it regards proper for the defense of the structures and also the apartment owners.(b) Insurance might be written in the name of the council of proprietors, or in the name of an individual designated in the statement or laws, as trustee for the apartment owners as well as their mortgagees.


Unless the council of proprietors with one voice agrees or else, the insurance policy continues will be paid to the specific home proprietors or their mortgagees, as their passion might appear, in percentage to the interest of a house owner in the his response condominium regime as established by the statement. Acts 1983, 68th Leg., p.

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3623, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 209. CONDOMINIUM RECORDS. (a) The manager or board of management of a condo regimen or a person assigned by the laws of the routine shall maintain a thorough composed account of the invoices and expenditures associated with the structure and its management that specifies the expenditures incurred by the routine.(b) The accounts and also supporting coupons of a condominium routine shall be made available to the apartment proprietors for examination on working days at hassle-free, established, and also publicly announced hours.(c) The books and also documents of a condo regime have to conform with excellent accountancy procedures as well as must be examined at least when every year by an auditor that is not connected with the condominium routine.