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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT POSSESSION. (a) An owner of a home in a condominium routine possesses it solely, as well as the owner might possess, convey, or overload the apartment, or subject it to judicial acts, separately of the other homes in the condominium program.(b) A specific title or interest in an apartment or condo in a condominium routine is recordable.(c) The entire passion in the condo program will be divided amongst the houses.(d) A person may possess a house in a condo routine jointly or in common with others.(e) A condo association might not modify or damage a house or a limited usual aspect without the authorization of all owners influenced and the initial lien mortgagees of all influenced proprietors.

3620, ch. 576, Sec - modern apartments greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. INTERESTS IN COMMON COMPONENTS. An owner of an apartment or condo in a condo routine shares ownership of the regimen's usual aspects with the various other apartment proprietors. A home owner might utilize the typical components according to their designated functions, as expressed in the plat, statement, or laws of the condominium routine, without interfering with the civil liberties of the various other home proprietors.

3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDING OF COMMON COMPONENTS. (a) The possession of the general and the limited usual elements of a condo routine may not be judicially partitioned or split while they appropriate for a condominium routine.(b) An individual may not start an activity for dividers of the limited or general usual elements of a condominium program unless the home mortgages on the property are paid or the consent of the mortgagees is acquired.(c) A contract unlike this section is space.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. TRANSPORTATION OF COMMON COMPONENTS. A home in a condominium routine as well as the undistracted passion of an apartment owner in the common elements of the regimen that are attributable to the apartment might not be conveyed individually. If a conveyance of a home does not refer to the common elements, the undivided passion of the home proprietor in the basic as well as the minimal usual aspects of the routine attributable to the apartment or condo is conveyed with the apartment or condo.

(a) By consentaneous agreement, or if the declaration offers for discontinuation by agreement of the owners, by arrangement of the owners of at least 67 percent or a specified percent in the affirmation, whichever is greater, of the ownership rate of interests in the condo, the proprietors of a structure in a condo regime may terminate the regimen and demand the county staff of the county in which the regime is located to combine the records of the estates that consist of the condo regime, if official website any type of creditors in whose behalf encumbrances versus the building are taped concur to accept the wholehearted sections of the residential or commercial property had by the borrowers as protection, gave no amendment may be made to an affirmation to reduce the ballot required for termination of the condominium program.(b) If a condominium regimen is ended, each house owner owns a wholehearted interest in the typical home that matches to the wholehearted rate of interest previously had by the apartment or condo owner in the common elements.(c) Residential property that has actually been eliminated from a condominium regimen might be dedicated to an additional condominium program at any kind of time.


3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1989, 71st Leg., ch. 157, Sec. 1, eff. May 25, 1989. Sec. 81. 111. CHANGE OF CONDO STATEMENT. After a condominium affirmation is tape-recorded with a county clerk, the statement might not be amended other than at a meeting of the home owners at which the change is accepted by the owners of a minimum of 67 percent of the ownership interests in the condo.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. VOTING BULK. For the purposes of this phase, special info the apartment owners who own at the very least 51 percent of the rate of interests in a condominium regimen, as figured out under the statement, are a majority of the home proprietors (apartments for rent near greenwood). Acts 1983, 68th Leg., p.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE POLICY. (a) By resolution of a bulk of the council of owners or in the way given or called for by the statement or bylaws, the council of owners might get the insurance policy it regards ideal for the protection of the buildings as well as the home proprietors.(b) Insurance may be created in the name of the council of proprietors, or for a person marked in the statement or bylaws, as trustee for the apartment or condo owners and their mortgagees.

Unless the council of proprietors all agrees or else, the insurance coverage proceeds shall be paid to the specific apartment owners or their mortgagees, as their interest may appear, symmetrical to the rate of interest of a home proprietor 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 DOCUMENTS. (a) The administrator or board of administration of a condominium regime or an individual appointed by the laws of the regime will keep a thorough written account of the invoices as well as expenses associated with the building and its administration that defines the expenditures incurred by the routine.(b) The accounts as well as sustaining coupons of a condo regimen will be provided to the apartment or condo proprietors for examination on functioning days at practical, established, and also openly announced hrs.(c) The books as well as records of a condominium routine should follow great this content bookkeeping procedures and must be investigated a minimum of once yearly by an auditor that is not related to the condo regimen.

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