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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT POSSESSION. (a) A proprietor of an apartment or condo in a condominium routine possesses it exclusively, as well as the proprietor might have, convey, or overload the apartment, or subject it to judicial acts, separately of the other apartments in the condominium program.(b) A specific title or passion in an apartment in a condo regime is recordable.(c) The entire interest in the condo regime will be separated among the apartment or condos.(d) A person may have a home in a condominium regime jointly or in typical with others.(e) A condo organization might not alter or damage an apartment or a restricted usual element without the authorization of all owners influenced as well as the initial lien mortgagees of all impacted proprietors.


1, eff. An owner of a home in a condominium regimen shares possession of the regime's common components with the various other apartment owners. An apartment owner might utilize the typical aspects according to their intended purposes, as shared in the plat, affirmation, or bylaws of the condo regime, without conflicting with the rights of the other apartment proprietors.


1, eff. (a) The ownership of the general as well as the limited common components of a condo regimen may not be judicially separated or split while they are appropriate for a condo regimen.(b) An individual may not initiate an activity for dividers of the restricted or basic common elements of a condo program unless the home loans on the property are paid or the approval of the mortgagees is acquired.

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1, eff. A home in a condominium program and the concentrated rate of interest of an apartment proprietor in the usual aspects of the program that are attributable to the house might not be communicated independently. If a conveyance of a home does not refer to the typical elements, the undivided rate of interest of the apartment or condo owner in the general as well as the restricted usual components of the routine attributable to the apartment or condo is communicated with the home.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDOMINIUM ROUTINE. (a) By unanimous agreement, or if the statement gives for termination by arrangement of the proprietors, by contract of the owners of at the very least 67 percent or a stated percent in the statement, whichever is higher, of the possession rate of interests in the condominium, the proprietors of a structure in a condo regime might end the regimen and request the county clerk of the county in which the routine is located to merge the documents of the estates that make up the condominium routine, if any lenders in whose behalf encumbrances versus the building are tape-recorded accept accept the undivided sections of the building possessed by the borrowers as security, gave no modification may be made to a statement to decrease the ballot required for discontinuation of the condominium regime - see here modern apartments greenwood.(b) If a condo routine is terminated, each apartment or condo owner has a concentrated passion in the typical residential or commercial property that represents the concentrated passion formerly had by the apartment owner in the typical elements.(c) Residential property that has been removed from a condo routine may be devoted to another condominium program at any kind of time.




1, eff. MODIFICATION OF CONDOMINIUM STATEMENT. After a condo affirmation is recorded with hop over to these guys an area staff, the affirmation may not be modified other than at a conference of the apartment or condo proprietors at which the modification is approved by the holders of at the very least 67 percent of the possession rate of interests in the condo.

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For the purposes of this phase, the house proprietors who own at least 51 percent of the rate of interests in a condo regime, as established under the statement, are a majority of the apartment owners. (a) By resolution of a bulk of the council of proprietors or in the way offered or called for by the statement or bylaws, the council of owners might obtain the insurance policy it deems appropriate for the defense of the buildings and also the house proprietors.(b) Insurance policy may be composed in the name of the council of owners, or in the name of an individual marked in the affirmation or bylaws, as trustee for the apartment proprietors and also their mortgagees.


Unless the council of proprietors with one voice concurs or else, the insurance policy continues will be paid to the individual apartment or condo owners or their mortgagees, as their interest might appear, symmetrical to the rate of interest of a house owner in the condo 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. CONDO RECORDS. (a) The manager or board of administration of a condo routine or a person assigned by the bylaws of the regimen shall maintain a thorough created account of the invoices and also expenses connected to the building and also its administration that defines the costs incurred by the regimen.(b) The accounts and sustaining coupons of a condo program shall be made offered to the home owners for exam on functioning days at hassle-free, established, and also publicly announced hours.(c) The publications and documents of a condo regimen have to follow great bookkeeping procedures her comment is here and need to be examined at the very least when annually by an auditor who is not connected with the condominium regimen.