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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 condo routine has it exclusively, and the owner might possess, communicate, or encumber the home, or subject it to judicial acts, independently of the various other homes in the condominium regime.(b) A private title or passion in a home in a condominium regime is recordable.(c) The entire interest in the condominium regime will be separated amongst the apartments.(d) An individual may have an apartment in a condo program jointly or in common with others.(e) A condo association may not modify or ruin an apartment or a minimal common aspect without the consent of all owners affected and the initial lien mortgagees of all affected owners.

1, eff. An owner of an apartment in a condominium program shares ownership of the regimen's typical aspects with the other house owners. An apartment proprietor might make use of the typical components according to their intended purposes, as shared in the plat, declaration, or laws of the condo regime, without conflicting with the legal rights of the various other apartment proprietors.

3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. PARTITION OF COMMON ELEMENTS. (a) The ownership of the general as well as the restricted typical elements of a condominium routine might not be judicially partitioned or separated while they appropriate for a condominium regime.(b) An individual might not initiate an action for partition of the minimal or basic common components of a condominium regimen unless the home loans on the building are paid or the permission of the mortgagees is acquired.(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 ASPECTS. A house in a condominium regime and also the undivided interest of a home proprietor in the common elements of the regime that are attributable to the house may not be communicated individually. If a conveyance of an apartment or condo does not describe the typical aspects, the concentrated rate of interest of the home proprietor in the general and also the restricted typical aspects of the program attributable to the apartment is conveyed with the apartment.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDO REGIME. (a) By consentaneous agreement, or if the declaration offers discontinuation by contract of the proprietors, by contract of the owners of at least 67 percent or a stated percentage in the declaration, whichever is greater, of the ownership passions in the condominium, the owners of a building in a condominium regimen may terminate the regimen and also request the region clerk of the region in which the read routine is situated to merge the records of the estates that comprise the condo regimen, if any kind of financial institutions in whose part encumbrances against the building are recorded consent to approve the concentrated portions of the home had by the debtors as security, supplied no change may be made to a declaration to reduce the ballot needed for discontinuation of the condominium program - apartments for rent near greenwood.(b) If a condominium program is terminated, each house owner has a concentrated passion in the common residential or commercial property that represents the concentrated interest formerly had by the house proprietor in the common aspects.(c) Residential property that has been gotten rid of from a condo regime might be devoted to one more condo program at any time.


1, eff. CHANGE OF CONDOMINIUM STATEMENT. After a condominium declaration is taped with a county clerk, the statement may not be changed other than at a conference of the apartment or condo proprietors at which the modification is accepted by the owners of at least 67 percent of the ownership passions in the condo.

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For the objectives of this chapter, the apartment owners that own at the very least 51 percent of the passions in a condo routine, as determined under the statement, are click for source a majority of the apartment proprietors. (a) By resolution of a bulk of the council of proprietors or in the manner supplied or required by the statement or laws, the council of owners may acquire the insurance policy it deems suitable for the protection of the structures and the house proprietors.(b) Insurance policy might be created in the name of the council of owners, or in the name of a person assigned in the affirmation or laws, as trustee for the home owners as well as their mortgagees.

Unless the council of proprietors unanimously agrees or else, the insurance proceeds shall be paid to the private home proprietors or their mortgagees, as their passion might show up, in proportion to the rate of interest of a house proprietor in the condo program 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 DOCUMENTS. (a) The administrator or board of management of a condo regime or an individual assigned by the laws of the routine will maintain an in-depth created account of the invoices as well as expenses associated with the building and also its management that specifies the expenditures sustained by the routine.(b) The accounts and sustaining vouchers of a condominium routine shall be made readily available to the home proprietors for evaluation read more on functioning days at practical, well established, as well as openly introduced hrs.(c) The books and also records of a condo routine must follow good bookkeeping treatments as well as should be investigated a minimum of when yearly by an auditor that is not related to the condo regimen.

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