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(a) A proprietor of an apartment or condo in a condo regimen has it solely, and the proprietor may have, convey, or overload the house, or subject it to judicial acts, independently of the other houses in the condo regime.(b) An individual title or interest in an apartment or condo in a condo regimen is recordable.(c) The whole rate of interest in the condo regime shall be divided amongst the apartment or condos.

1, eff. A proprietor of a house in a condo regime shares ownership of the program's usual aspects with the various other house proprietors. An apartment proprietor may use the common aspects according to their designated objectives, as shared in the plat, affirmation, or bylaws of the condominium regime, without conflicting with the civil liberties of the other home owners.

3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDING OF COMMON ELEMENTS. (a) The possession of the basic and also the limited typical elements of a condominium regimen might not be judicially partitioned or divided while they are appropriate for a condominium program.(b) An individual might not launch an activity for partition of the limited or general common elements of a condo regime unless the home loans on the residential property are paid or the approval of the mortgagees is acquired.(c) A contract in contrast to this section is void.

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1, eff. An apartment in a condominium routine as well as the undistracted passion of an apartment or condo owner in the typical elements of the regime that are attributable to the apartment or condo might not be shared separately. If a conveyance of a home does not refer to the usual aspects, the concentrated interest of the home owner in the basic and the restricted typical components of the regimen attributable to the apartment or condo is shared with the apartment or condo.

(a) By unanimous arrangement, or if the statement gives for discontinuation by arrangement of the proprietors, by contract of the owners of at the very least 67 percent or a stated percentage in the statement, whichever is better, of the ownership interests in the condominium, the proprietors of a building in a condo regimen may terminate the routine and request the region clerk of the county in which the program is located to combine the records of the estates that make up the condo program, if any kind of lenders in whose behalf encumbrances against the structure are tape-recorded concur to approve the undivided sections over at this website of the residential or commercial property owned by the debtors as safety, supplied no amendment might be made to a declaration to lower the ballot needed for termination of the condo routine.(b) If a condo program is ended, each house owner possesses an undivided rate of interest in the usual home that corresponds to the undistracted passion previously possessed by the house owner in the common components.(c) Residential or commercial property that has actually been gotten rid of from a condominium program might be devoted to another condominium regimen at any time.


3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Changed by Acts 1989, 71st Leg., ch. 157, Sec. explanation 1, eff. May 25, 1989. Sec. 81. 111. MODIFICATION OF CONDO DECLARATION. After a condominium statement is recorded with a county staff, the affirmation may not be changed other than at a conference of the house owners at which the modification is authorized by the owners of at the very least 67 percent of the possession interests in the condo.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. VOTING MAJORITY. For the functions of this chapter, the house proprietors visit this website that own at the very least 51 percent of the interests in a condo routine, as identified under the declaration, are a bulk of the apartment owners (apartments for rent near 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 proprietors or in the way offered or needed by the statement or laws, the council of owners may acquire the insurance it deems appropriate for the defense of the buildings as well as the house owners.(b) Insurance might be created in the name of the council of proprietors, or in the name of a person designated in the statement or bylaws, as trustee for the apartment or condo owners and also their mortgagees.

Unless the council of owners with one voice agrees otherwise, the insurance proceeds shall be paid to the individual apartment proprietors or their mortgagees, as their interest may appear, in percentage to the rate of interest of a house proprietor in the condominium regimen as established by the affirmation. (a) The manager or board of management of a condo routine or an individual selected by the laws of the regime shall maintain a detailed written account of the invoices and also expenses related to the building as well as its administration that defines the costs incurred by the program.(b) The accounts and supporting vouchers of a condo regime will be made available to the home proprietors for evaluation on working days at practical, well established, and openly revealed hrs.

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