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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT OWNERSHIP. (a) An owner of a house in a condominium regimen has it solely, as well as the owner may have, convey, or encumber the home, or subject it to judicial acts, separately of the various other houses in the condo routine.(b) A specific title or rate of interest in an apartment or condo in a condominium regime is recordable.(c) The whole interest in the condo routine shall be divided among the apartments.(d) A person may possess a house in a condominium regimen jointly or in typical with others.(e) A condominium association might not modify or damage an apartment or condo or a limited typical component without the consent of all proprietors influenced as well as the initial lien mortgagees of all impacted owners.


1, eff. A proprietor of an apartment or condo in a condo regime shares ownership of the routine's typical components with the various other home proprietors. An apartment proprietor might use the typical aspects according to their designated functions, as revealed in the plat, statement, or bylaws of the condominium routine, without interfering with the legal rights of the other apartment proprietors.


3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. PARTITION OF COMMON ASPECTS. (a) The ownership of the basic and the restricted usual elements of a condominium routine might not be judicially segmented or split while they are appropriate for a condominium routine.(b) A person may not initiate an action for dividers of the minimal or basic usual aspects of a condominium regime unless the mortgages on the residential property are paid or the permission of the mortgagees is acquired.(c) An agreement as opposed to this section is space.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. CONVEYANCE OF COMMON COMPONENTS. An apartment in a condo program as well as the concentrated passion of an apartment or condo owner in the usual aspects of the regimen that are attributable to the apartment may not be conveyed individually. If a transportation of an apartment does not describe the common components, the undistracted rate of interest of the home proprietor in the basic and also the minimal usual components of the regimen attributable to the apartment or condo is shared with the home.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDO PROGRAM. (a) By consentaneous arrangement, or if the statement offers discontinuation by contract of the owners, by arrangement of the owners of at least 67 percent or a stated percent in the statement, whichever is better, of the ownership interests in the condo, the owners of a structure in a condominium regime might terminate the regimen and demand the area staff of the area in which the routine lies to merge the documents of the estates that consist of the condominium regime, if any type of creditors in whose part encumbrances against the building are videotaped consent to approve the concentrated portions of the home possessed by the debtors as protection, provided no change may be made to a statement to reduce the ballot required for termination of the condo program - modern apartments greenwood.(b) If a condominium regime is terminated, each apartment or condo proprietor possesses an undivided rate of interest in the usual building that matches to the undistracted rate of interest formerly possessed by the apartment owner in the usual elements.(c) Building that has been gotten rid of from a condo regime may be dedicated to an additional condo program at any kind 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. MODIFICATION OF CONDO AFFIRMATION. go to my blog After a condominium statement is recorded with a region staff, the statement may not be changed other than at a meeting of the click resources house proprietors at which the modification is approved by the holders of at the very least 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. BALLOT BULK. For the purposes of this chapter, the house owners that have at the very least 51 percent of the rate of interests in a condo regimen, as established under the affirmation, are a majority of the apartment or condo owners (new apartments greenwood). Acts 1983, 68th Leg., p.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE. (a) By resolution of a bulk of the council of owners or in the manner provided or needed by the declaration or laws, the council of owners may get the insurance coverage it deems appropriate for the defense of the buildings and also the apartment or condo owners.(b) Insurance might be written in the name of the council of proprietors, or for a person marked in the affirmation or laws, as trustee for the home owners and their mortgagees.


Unless the council of owners with one voice agrees or else, the insurance policy proceeds will be paid to the specific home owners or their mortgagees, as their passion might show up, in proportion to the passion of a house proprietor in the condo routine as developed by the declaration. (a) The administrator or board of management of a condo program or an individual selected by the bylaws of the program see page shall maintain an in-depth created account of the invoices and expenses associated to the structure and also its management that defines the expenses sustained by the routine.(b) The accounts as well as sustaining coupons of a condominium program shall be made offered to the house proprietors for assessment on functioning days at hassle-free, well established, and also openly announced hrs.