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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT POSSESSION. (a) An owner of a house in a condominium program has it specifically, and also the proprietor might have, share, or encumber the home, or subject it to judicial acts, independently of the other apartment or condos in the condominium program.(b) An individual title or interest in a home in a condo regimen is recordable.(c) The whole rate of interest in the condominium regime will be divided amongst the apartment or condos.(d) An individual might have a home in a condominium program jointly or alike with others.(e) A condominium organization might not change or ruin a home or a minimal common aspect without the consent of all owners affected and the first lien mortgagees of all impacted proprietors.

1, eff. An owner of a home in a condominium routine shares ownership of the routine's usual aspects with the other apartment proprietors. An apartment or condo owner may utilize the usual elements according to their designated functions, as revealed in the plat, statement, or laws of the condominium program, without interfering with the civil liberties of the various other home proprietors.

3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDERS OF COMMON COMPONENTS. (a) The ownership of the general and the restricted typical components of a condo routine may not be judicially separated or split while they appropriate for a condo regime.(b) An individual might not initiate an activity for partition of the restricted or general usual elements of a condominium regimen unless the home mortgages on the home are paid or the approval of the mortgagees is gotten.(c) An agreement unlike this section 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 and also the undivided rate of interest of an apartment or condo proprietor in the usual components of the routine that are attributable to the apartment or condo might not be shared independently. If a transportation of an apartment does not refer to the usual elements, the undivided interest of the apartment proprietor in the basic and also the minimal usual components of the regimen attributable to the apartment or condo is shared with the apartment or condo.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDOMINIUM REGIME. (a) By consentaneous contract, or if the affirmation attends to termination by contract of the owners, by arrangement of the owners of a minimum of 67 percent or a stated portion in the statement, whichever is better, of the ownership interests in the condo, the proprietors of a building in a condominium regime might terminate the routine and demand the area clerk of the area in which the program is situated to merge the documents of the estates that consist of the condominium routine, if any financial institutions in whose part encumbrances versus the building are taped accept approve the wholehearted sections of the building possessed by the borrowers as safety and security, gave no change may be made to an affirmation to reduce the ballot needed for termination of the condominium regimen - apartments for rent near greenwood.(b) If a condominium regimen is terminated, each home owner owns a wholehearted interest in the common building that corresponds to the concentrated passion formerly owned by the house proprietor in the link usual components.(c) Home that has actually been gotten rid of from a condominium program may be devoted to one more condominium program any time.


1, eff. AMENDMENT OF CONDOMINIUM AFFIRMATION. After a condo declaration is taped with a county staff, the declaration may not be modified other than at a conference of the apartment owners at which the change is accepted by the owners of at the very least 67 percent of the possession interests in the condo.

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For the functions of this phase, the apartment proprietors that have at the very least 51 percent of the rate of interests in a condo regime, as determined under the declaration, are a bulk of the apartment owners. (a) By resolution of a bulk of the council of proprietors or in the way given or needed by the statement or laws, the council of proprietors may acquire the insurance coverage it deems proper for the protection of the structures as well as the apartment owners.(b) Insurance policy may be created in the name of the council of owners, or in the name of a person assigned in the statement or bylaws, as trustee for the apartment or condo owners as well as their read mortgagees.

Unless the council of owners all concurs or else, the insurance proceeds shall be paid to the specific apartment owners or their mortgagees, as their rate of interest may show up, symmetrical to the passion of a house proprietor in the condo regime as established 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 condo routine or a person appointed by the bylaws of the regime will keep an in-depth composed account of the receipts and also expenditures related to the structure as well as its administration that defines the expenditures incurred by the routine.(b) The accounts as well as sustaining coupons of a condominium program will be provided to the apartment or condo owners for exam on working days visit at practical, recognized, and openly revealed hrs.(c) Guides and documents of a condominium routine have to adhere to excellent accountancy procedures as well as must be examined a minimum of as soon as every year by an auditor that is not connected with the condo regime.

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