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(a) A proprietor of a house in a condo regimen owns it specifically, and also the proprietor may possess, communicate, or encumber the home, or subject it to judicial acts, independently of the various other apartment or condos in the condo regime.(b) An individual title or passion in a home in a condominium routine is recordable.(c) The entire passion in the condo regimen will be divided among the apartment or condos.


3620, ch. 576, Sec - apartments near greenlake. 1, eff. Jan. 1, 1984. Sec. 81. 107. PASSIONS ALIKE ASPECTS. A proprietor of an apartment or condo in a condo program shares ownership of the routine's common aspects with the other apartment or condo owners. A home proprietor might utilize the typical elements according to their designated purposes, as revealed in the plat, affirmation, or bylaws of the condo regime, without conflicting with the rights of the various other house owners.


3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDING OF COMMON ASPECTS. (a) The possession of the basic and also the limited common elements of a condo routine might not be judicially separated or split while they are appropriate for a condo program.(b) An individual may not initiate an action for dividing of the restricted or basic common elements of a condo regime unless the home mortgages on the property are paid or the authorization of the mortgagees is acquired.(c) An agreement in contrast to this section is gap.

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1, eff. A house in a condo regime and the concentrated rate of interest of an apartment owner in the usual components of the regime that are attributable to the house might not be shared separately. If a conveyance of an apartment or condo does not refer to the common components, the wholehearted passion of the apartment owner in the general as well as the limited typical aspects of the regime 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 CONDOMINIUM REGIMEN. (a) By consentaneous contract, or if the statement attends to termination by contract of the proprietors, by contract of the holders of at the very least 67 percent or a specified percentage in the affirmation, whichever is better, of the possession rate of interests in the condominium, the proprietors of a building in a condo program might terminate the program and request the Recommended Site region clerk of the area in which the program is located to combine the records of the estates that make up the condo regimen, if any kind of lenders in whose behalf encumbrances against the structure are videotaped consent to accept the undistracted portions of the building had by the borrowers as protection, gave no modification may be made to an affirmation to minimize the ballot needed for discontinuation of the condominium routine - new apartments greenwood.(b) If a condo program is ended, each apartment or condo owner possesses a wholehearted interest in the typical home that represents the undivided rate of interest formerly had by the find more home proprietor in the typical components.(c) Home that has been removed from a condo program might be dedicated to one more condo regimen at any moment.




1, eff. CHANGE OF CONDOMINIUM STATEMENT. After a condominium affirmation is recorded with a county clerk, the declaration may not be amended other than at a meeting of the house proprietors at which the modification is approved by the owners of at least 67 percent of the ownership interests in the condominium.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. VOTING MAJORITY. For the purposes of this chapter, the house owners that own at the very least 51 percent of the interests in a condominium program, as determined under the affirmation, are a bulk of the home proprietors (apartments for rent near 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 fashion supplied or required by the declaration or laws, the council of proprietors may obtain the insurance coverage it considers appropriate for the security of the structures and also the apartment or condo owners.(b) Insurance might be composed in the name of the council of owners, or for an individual marked in the statement or bylaws, as trustee for the house owners and their mortgagees.


Unless the council of proprietors all concurs otherwise, the insurance proceeds will be paid to the specific home proprietors or their mortgagees, as their rate of interest may show up, in proportion to the interest of an apartment proprietor in the condominium regime 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 manager or board of management of a condominium program or an individual appointed by the bylaws of the routine will maintain an in-depth composed account of the receipts and also expenditures connected to the building and also he has a good point its management that specifies the expenses sustained by the regime.(b) The accounts and also sustaining vouchers of a condo regime will be provided to the apartment or condo proprietors for exam on functioning days at convenient, well established, as well as openly introduced hours.(c) The publications as well as documents of a condo regime need to abide by good accountancy treatments as well as have to be audited at least as soon as each year by an auditor that is not connected with the condo regime.