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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT OWNERSHIP. (a) An owner of an apartment or condo in a condominium regime has it exclusively, and the proprietor may have, convey, or overload the apartment or condo, or subject it to judicial acts, independently of the other houses in the condominium program.(b) A specific title or passion in a home in a condo regimen is recordable.(c) The whole passion in the condominium program will be divided amongst the houses.(d) A person might possess a home in a condo regimen jointly or alike with others.(e) A condo association may not alter or destroy a house or a limited typical aspect without the approval of all proprietors impacted and the first lien mortgagees of all impacted owners.

1, eff. An owner of a home in a condominium regimen shares possession of the program's common elements with the various other apartment proprietors. A home proprietor might use the typical elements according to their designated purposes, as revealed in the plat, affirmation, or bylaws of the condo regimen, without interfering with the rights of the other house proprietors.

3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. PARTITION OF COMMON COMPONENTS. (a) The possession of the general and the restricted typical aspects of a condo program may not be judicially partitioned or split while they appropriate for a condo regimen.(b) A person may not launch an activity for dividers of the limited or basic typical aspects of a condo program unless the mortgages on the residential property are paid or the authorization of the mortgagees is obtained.(c) An agreement unlike this section is void.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. TRANSPORTATION OF COMMON COMPONENTS. A house in a condo regime and the concentrated passion of an apartment proprietor in the common elements of the regimen that are attributable to the house may not be conveyed independently. If a conveyance of an apartment or condo does not refer to the usual aspects, the undivided interest of the house proprietor in the basic and also the limited common elements of the routine attributable to the apartment is communicated with the home.

(a) By consentaneous arrangement, or if the affirmation gives for discontinuation by arrangement of the proprietors, by contract of the owners of at the very least 67 percent or a specified portion in the declaration, whichever is greater, of the ownership rate of interests in the condominium, the proprietors of a building in a condo program might terminate the routine as well as demand the county clerk of the region in which the program is located to merge the records of the estates that make up the condominium program, if any kind of lenders in whose part encumbrances versus the building are tape-recorded agree to approve the wholehearted sections of the home owned by the debtors as safety and security, provided no change may be made to an affirmation to lower the ballot required for termination of the condominium routine.(b) If a condominium program is terminated, each apartment or condo owner possesses a concentrated passion in the common property that matches to the undivided interest formerly owned by the apartment proprietor in the usual elements.(c) Residential property that has been eliminated from a condo regime might be committed to another condominium routine at any 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 CONDOMINIUM Discover More Here AFFIRMATION. After a condo statement is taped with an area clerk, the affirmation may not be changed except at a conference of the home owners at which the modification is authorized by the holders of at the very least 67 percent of the ownership rate of interests in straight from the source the condominium.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. VOTING BULK. For the purposes of this phase, the apartment or condo owners that own a minimum of 51 percent of the rate of interests in a condo program, as determined under the declaration, are a majority of the apartment or condo proprietors (apartments for rent near greenwood). Acts 1983, 68th Leg., p.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE COVERAGE. (a) By resolution of a majority of the council of owners or in the manner offered or required by the declaration or bylaws, the council of proprietors might acquire the insurance it considers proper for the defense of the structures as well as the house owners.(b) Insurance might be created in the name of the council of proprietors, or in the name of an individual marked in the declaration or laws, as trustee for the apartment or condo owners and their mortgagees.

Unless the council of owners unanimously concurs or else, the insurance continues will be paid to the private apartment proprietors or their mortgagees, as their interest may show up, in proportion to the interest of an apartment proprietor in the condominium program as developed by the statement. (a) The manager or board of management of a condominium regimen or a person designated by the bylaws of the regime will maintain an in-depth written account of the receipts and also expenses connected to the building and also its administration that specifies the expenses sustained by the routine.(b) The accounts and also supporting vouchers of Discover More a condo routine will be made readily available to the home owners for exam on working days at practical, well established, as well as publicly announced hours.

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