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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT POSSESSION. (a) A proprietor of a house in a condominium program possesses it specifically, and also the owner may possess, share, or overload the apartment, or subject it to judicial acts, independently of the other houses in the condo program.(b) An individual title or passion in an apartment or condo in a condominium program is recordable.(c) The entire passion in the condo regimen shall be split among the apartments.(d) A person might possess a home in a condo routine jointly or in common with others.(e) A condominium association might not modify or damage a home or a minimal typical aspect without the approval of all owners affected and also the initial lien mortgagees of all affected owners.

1, eff. An owner of a home in a condominium regime shares possession of the program's usual elements with the various other home owners. A home owner might make use of the usual elements according to their designated objectives, as revealed in the plat, affirmation, or bylaws of the condominium program, without interfering with the civil liberties of the other house proprietors.

1, eff. (a) The possession of the general as well as the limited typical aspects of a condo regimen may not be judicially separated or separated while they are suitable for a condo routine.(b) An individual might not start an activity for partition of the minimal or general typical components of a condo regimen unless the home mortgages on the residential or commercial property are paid or the consent of the mortgagees is gotten.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. TRANSPORTATION OF COMMON ELEMENTS. A house in a condo regime and the undistracted passion of an apartment or condo proprietor in the typical elements of the regimen that are attributable to the house might not be shared separately. If a conveyance of a home does not refer to the usual aspects, the undistracted rate of interest of the house owner in the general and also the restricted common elements of the routine attributable to the home is conveyed with the apartment.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDO REGIMEN. (a) By unanimous agreement, or if the affirmation attends to termination by arrangement of the proprietors, by agreement of the holders of at the very least 67 percent or a stated portion in the statement, whichever is better, of the possession rate of interests in the condo, the proprietors of a structure in a condominium regimen might terminate the routine as well as request the county clerk of the area in which the regimen is situated to combine the documents of the estates that consist of the condo program, if any creditors in whose part encumbrances versus the structure are taped agree to approve the undistracted parts of the residential property possessed by the borrowers as safety, provided no amendment might be made to a statement to lower the ballot needed for termination of the condominium routine - apartments for rent near greenwood.(b) If a condo routine is terminated, each home owner possesses an undivided interest in the usual home that corresponds to the concentrated interest previously owned by you could check here the home proprietor in the usual aspects.(c) Property that has been removed from check these guys out a condo regimen may be committed to another condominium regime at any time.


1, eff. CHANGE OF CONDO DECLARATION. After a condo declaration is tape-recorded with a county staff, the declaration might not be modified except at a meeting of the house proprietors at which the modification is approved by the holders of at least 67 percent of the ownership rate of interests in the condo.

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For the objectives of this top article chapter, the house proprietors who possess at the very least 51 percent of the interests in a condo regime, as established under the statement, are a bulk of the house owners. (a) By resolution of a majority of the council of owners or in the manner supplied or called for by the statement or laws, the council of owners may obtain the insurance policy it deems suitable for the protection of the buildings and the house owners.(b) Insurance policy might be created in the name of the council of proprietors, or in the name of an individual marked in the statement or laws, as trustee for the apartment or condo owners and also their mortgagees.

Unless the council of owners with one voice agrees or else, the insurance policy proceeds shall be paid to the individual house owners or their mortgagees, as their passion might show up, symmetrical to the rate of interest of an apartment or condo proprietor in the condominium regimen as established by the affirmation. 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 condo routine or a person appointed by the laws of the routine shall keep a detailed written account of the invoices and also expenses associated to the building and its management that specifies the expenditures incurred by the regime.(b) The accounts as well as supporting vouchers of a condo program will be offered to the home owners for examination on functioning days at hassle-free, established, and also publicly introduced hours.(c) Guides as well as records of a condo program have to conform with good audit procedures and have to be investigated at the very least as soon as every year by an auditor that is not connected with the condominium program.

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