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(a) An owner of an apartment or condo in a condominium regime possesses it solely, and the proprietor might have, convey, or encumber the apartment or condo, or subject it to judicial acts, independently of the other apartments in the condo program.(b) An individual title or rate of interest in a home in a condo regimen is recordable.(c) The entire passion in the condo regimen shall be split among the homes.

1, eff. A proprietor of an apartment or condo in a condo routine shares possession of the program's typical elements with the other house owners. An apartment owner may utilize the common elements according to their intended functions, as shared in the plat, declaration, or laws of the condo program, without conflicting with the legal rights of the various other house proprietors.

1, eff. (a) The possession of the basic and also the limited usual aspects of a condominium regime may not be judicially partitioned or separated while they are suitable for a condo regimen.(b) An individual might not launch an activity for dividers of the minimal or general typical components of a condo routine unless the mortgages on the property are paid or the consent of the mortgagees is gotten.

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1, eff. An apartment or condo in a condo regimen and also the concentrated interest of a house owner in the typical components of the program that are attributable to the apartment may not be conveyed individually. If a conveyance of a home does not refer to the typical elements, the wholehearted passion of the apartment or condo owner in the general as well as the limited usual elements of the regimen attributable to the apartment is conveyed with the home.

(a) By consentaneous agreement, or if the affirmation supplies for discontinuation by agreement of the owners, by arrangement of the holders of at the very least 67 percent or a specified percent in the statement, whichever is better, of the ownership passions in the condo, the proprietors of a structure in a condominium regime may terminate the routine and also request the area staff of the area in which the program is situated to merge the documents of the estates that consist of the condominium regimen, if any type of financial institutions in whose behalf encumbrances versus the building are recorded agree to accept the undistracted sections of the home owned by the borrowers as protection, supplied no modification may be made to a declaration to lower the ballot required for termination of the condo program.(b) If a condo regimen is terminated, each apartment or condo owner owns an undistracted passion in the typical building that read this post here corresponds to the undistracted interest previously owned by the apartment or condo proprietor in the common elements.(c) Residential property that has been removed from a condominium regimen might be dedicated to an additional condo regime at any type of time.


3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Changed by Acts 1989, 71st Leg., ch. 157, Sec. 1, eff. May 25, 1989. Sec. 81. 111. AMENDMENT OF CONDO DECLARATION. After a condominium affirmation is taped with an area staff, the affirmation might not be changed other than at a meeting of the home owners at which the amendment is accepted by the holders of at the very least 67 percent of the ownership passions 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, the apartment or condo owners that possess at the very least 51 percent of the interests in a condo program, as established under the statement, are a majority of the apartment click now proprietors (modern apartments 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 majority of the council of owners or in the manner offered or needed by the statement or bylaws, the council of proprietors might get the insurance coverage it regards suitable for the defense of the buildings as well as the apartment owners.(b) Insurance may be created in the name of the council of proprietors, or in their website the name of a person designated in the declaration or bylaws, as trustee for the home owners and their mortgagees.

Unless the council of owners with one voice agrees otherwise, the insurance proceeds shall be paid to the private apartment owners or their mortgagees, as their passion may show up, in percentage to the interest of a home owner in the condo regime as developed by the declaration. (a) The administrator or board of management of a condo routine or an individual selected by the laws of the regime shall keep a thorough written account of the invoices and also expenditures associated to the structure and also its administration that defines the expenditures sustained by the regime.(b) The accounts and also sustaining vouchers of a condominium routine will be made available to the apartment or condo owners for exam on functioning days at convenient, well-known, and openly introduced hours.

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