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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT OWNERSHIP. (a) An owner of a home in a condo regime has it solely, and also the owner might possess, communicate, or overload the house, or subject it to judicial acts, separately of the other homes in the condo regime.(b) A specific title or rate of interest in an apartment or condo in a condominium regimen is recordable.(c) The entire interest in the condominium program shall be divided among the apartments.(d) An individual might own a house in a condominium routine jointly or in common with others.(e) A condominium organization might not alter or ruin an apartment or condo or a minimal usual aspect without the consent of all owners impacted as well as the very first lien mortgagees of all impacted proprietors.


3620, ch. 576, Sec - new apartments greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. PASSIONS IN COMMON ELEMENTS. A proprietor of a house in a condominium regime shares ownership of the program's typical aspects with the various other apartment proprietors. A house owner may make use of the common aspects according to their intended functions, as shared in the plat, statement, or laws of the condo regime, without interfering with the legal rights of the various other house owners.


3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. PARTITION OF COMMON COMPONENTS. (a) The ownership of the general and the restricted typical elements of a condominium routine might not be judicially separated or separated while they are suitable for a condominium routine.(b) An individual may not initiate an action for partition of the limited or general typical components of a condo program unless the home loans on the residential property are paid or the consent of the mortgagees is obtained.(c) An agreement contrary to this section is space.

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1, eff. A home in a condominium regimen as well as the undivided passion of an apartment owner in the typical components of the regimen that are attributable to the apartment may not be communicated independently. If a transportation of a home does not refer to the common aspects, the wholehearted interest of the house owner in the basic and also the minimal usual components of the regimen attributable to the home is conveyed with the apartment.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDOMINIUM PROGRAM. (a) By unanimous agreement, or if the affirmation offers termination by arrangement of the proprietors, by contract of the holders of at least 67 percent or a stated percentage in the declaration, whichever is better, of the possession passions in the condo, the owners of a building in a condo routine may end the routine and demand the region staff of the county in which the regime lies to merge the records of the estates that consist of the condo program, if any kind of lenders in whose behalf encumbrances against the structure are taped concur to approve the undistracted portions of the home had by the debtors as safety, provided no change may be made to an affirmation to decrease the ballot required for termination of the condo regimen - apartments for rent near greenwood.(b) If a condominium program is ended, each home owner possesses an undistracted passion in the common building that represents the undivided rate of interest formerly possessed by the house proprietor in the common aspects.(c) Building Read Full Article that has been eliminated from a condo program might be dedicated to one more condominium regime at any moment.




1, eff. AMENDMENT OF CONDO DECLARATION. After a condo affirmation is taped with a county staff, the statement may not be modified except at a conference of the house proprietors at which the change is accepted by the owners of at the very least 67 percent of the ownership rate of interests in the condo.

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For the purposes of this phase, the home proprietors who have at least 51 percent of the interests in a condo regimen, as figured out under the statement, are a majority of the apartment or condo proprietors. (a) By resolution of a majority of the council of proprietors or in the manner offered or required by the affirmation or laws, the council of owners might get the insurance policy it regards appropriate for the defense of the buildings and also the apartment or condo proprietors.(b) Insurance might be created in the name of the council of owners, or in the name of a person assigned in the declaration or bylaws, as trustee for the home owners and also their mortgagees.


Unless the council of proprietors unanimously concurs or else, the insurance proceeds will be paid to the specific house proprietors or their mortgagees, as their interest may appear, in proportion to the passion of a house proprietor in the condo routine 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. CONDO RECORDS. (a) The administrator or board of administration of a condominium program or a person designated by the bylaws of the regime shall maintain a my response detailed written account of the invoices and also expenses associated with the building and also its management that defines the expenditures sustained by the program.(b) The accounts as well as supporting vouchers of a condo regimen shall be provided to the apartment or condo proprietors for evaluation on working days at hassle-free, well-known, as well as openly announced hours.(c) The publications and also documents of a condominium regime have to abide by excellent audit see this site procedures and should be audited a minimum of once yearly by an auditor that is not connected with the condo program.