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(a) An owner of a home in a condo routine has it exclusively, and also the owner might have, communicate, or encumber the apartment or condo, or subject it to judicial acts, separately of the various other houses in the condominium regime.(b) A private title or rate of interest in an apartment in a condo regime is recordable.(c) The whole rate of interest in the condo regime shall be split amongst the houses.

1, eff. An owner of an apartment or condo in a condo routine shares possession of the regime's common components with the other apartment proprietors. An apartment or condo proprietor may use the common aspects according to their intended functions, as revealed in the plat, affirmation, or laws of the condominium regimen, without interfering with the legal rights of the various other apartment owners.

1, eff. (a) The ownership of the basic and the restricted common components of a condominium routine may not be judicially partitioned or split while they are suitable for a condominium regimen.(b) A person might not start an action for partition of the minimal or basic typical elements of a condo regime unless the home mortgages on the residential property are paid or the authorization of the mortgagees is gotten.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. CONVEYANCE OF COMMON ASPECTS. An apartment or condo in a condominium regimen and the undistracted passion of an apartment or condo owner in the common aspects of the regime that are attributable to the apartment or condo may not be communicated individually. If a transportation of a home does not refer to the typical aspects, the concentrated rate of interest of the home owner in the basic and also the minimal common aspects of the regimen attributable to the home is communicated with the apartment.

(a) By consentaneous arrangement, or if the statement supplies for discontinuation by arrangement of the proprietors, by contract of the owners of at least 67 percent or a mentioned percentage in the statement, whichever is better, of the possession rate of interests in the condominium, the owners of a structure in a condominium program may terminate the regime and also request the county staff of the area in which the program is situated to combine the documents of the estates that consist of the condominium program, if any kind of creditors in whose behalf encumbrances versus the structure are videotaped concur to accept the undistracted parts of the property had by the borrowers as safety and security, gave no modification may be made to visite site an affirmation to reduce the vote needed for discontinuation of the condominium routine.(b) If a condo routine is ended, each apartment or condo proprietor possesses an undivided interest in the common home that corresponds to the wholehearted rate of interest formerly owned by the home proprietor in the common components.(c) Property that has actually been removed from a condo regime might be devoted to one more condominium routine at any kind of 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. link AMENDMENT OF CONDO STATEMENT. After a condominium affirmation is recorded with a region clerk, the affirmation might not be changed except at a meeting of the house owners at which the amendment is authorized by the owners of a minimum of 67 percent of the possession rate of 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 phase, the house owners that own at the very least 51 percent of the interests in a condo program, as figured out under the affirmation, are a majority of the apartment owners (modern apartments greenwood). Acts 1983, 68th Leg., p.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE imp source POLICY. (a) By resolution of a majority of the council of owners or in the fashion offered or called for by the statement or laws, the council of owners might get the insurance policy it considers ideal for the protection of the buildings and the home proprietors.(b) Insurance policy may be written in the name of the council of owners, or in the name of a person marked in the statement or bylaws, as trustee for the house owners as well as their mortgagees.

Unless the council of proprietors with one voice agrees or else, the insurance coverage continues shall be paid to the individual apartment or condo proprietors or their mortgagees, as their interest might show up, in proportion to the passion of a house proprietor in the condo regimen 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. CONDOMINIUM RECORDS. (a) The administrator or board of management of a condominium regimen or a person designated by the laws of the regime will maintain a detailed created account of the invoices and expenditures related to the structure and its administration that defines the costs sustained by the routine.(b) The accounts as well as sustaining coupons of a condominium regime shall be made offered to the apartment or condo proprietors for evaluation on functioning days at hassle-free, recognized, and openly revealed hrs.(c) Guides as well as records of a condo regime need to comply with excellent accounting treatments and also should be audited a minimum of once yearly by an auditor who is not related to the condominium routine.

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