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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT OWNERSHIP. (a) An owner of an apartment in a condo regimen has it solely, as well as the proprietor may have, convey, or overload the apartment or condo, or subject it to judicial acts, independently of the various other apartments in the condominium regime.(b) A specific title or passion in an apartment or condo in a condominium regime is recordable.(c) The entire interest in the condo regime will be split amongst the homes.(d) An individual may own an apartment in a condo regimen jointly or in typical with others.(e) A condo organization may not modify or ruin a house or a restricted common aspect without the approval of all owners influenced as well as the first lien mortgagees of all influenced owners.

3620, ch. 576, Sec - apartments near greenlake. 1, eff. Jan. 1, 1984. Sec. 81. 107. PASSIONS ALIKE COMPONENTS. An owner of a home in a condominium program shares ownership of the regimen's usual elements with the other home proprietors. A house owner may make use of the typical components according to their designated objectives, as shared in the plat, declaration, or bylaws of the condominium routine, without hindering the rights of the other house owners.

3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDERS OF COMMON ASPECTS. (a) The ownership of the general as well as the restricted typical aspects of a condo regime might not be judicially partitioned or split while they are ideal for a condo regime.(b) An individual might not start an action for partition of the restricted or basic usual components of a condominium routine unless the home loans on the property are paid or the approval of the mortgagees is obtained.(c) An arrangement as opposed to this section is gap.

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1, eff. An apartment or condo in a condo routine as well as the undistracted rate of interest of a house owner in the common components of the regimen that are attributable to the home might not be shared independently. If a transportation of an apartment or condo does not refer to the typical elements, the undivided passion of the home proprietor in the general and the limited usual components of the regimen attributable to the apartment or condo is conveyed with the apartment.

(a) By consentaneous arrangement, or if the affirmation gives for discontinuation by agreement of the owners, by agreement of the holders of at the very least 67 percent or a stated percentage in the declaration, whichever is higher, of the possession passions in the condo, the proprietors of a structure in a condo regime might end the regimen and also demand the region clerk of the county in which the routine is located to combine the documents of the estates that comprise the condominium program, if any lenders in whose behalf encumbrances against the building are recorded concur to approve the wholehearted sections of the residential property had by the debtors as security, gave no modification might be made to a declaration to reduce the ballot needed for termination of the condominium program.(b) If a condominium regime is ended, each home proprietor has an undivided passion in the usual property that corresponds to the wholehearted rate of interest formerly owned by the house proprietor in the typical elements.(c) Residential property that has actually been eliminated from a condo program might be devoted to another condo regime at any time.


3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Modified by Acts 1989, 71st Leg., ch. 157, Sec. 1, eff. May 25, 1989. Sec. 81. 111. AMENDMENT OF CONDO DECLARATION. After a condo affirmation is recorded with a region clerk, the affirmation might not be amended other than at a conference of the apartment or condo proprietors at which the modification is accepted by the owners of a minimum of 67 percent go to this website of the possession passions in the condo.

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3621, ch. 576, Sec. 1, webpage eff. Jan. 1, 1984. Sec. 81. 203. VOTING BULK. For the objectives of this phase, the home proprietors who own at the very least 51 percent of the interests in a condo regimen, as determined under the declaration, are a majority of the home proprietors (modern apartments greenwood). Acts 1983, 68th Leg., p.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE COVERAGE. (a) By resolution of a majority of the council of owners or in the fashion given or called for by the statement or laws, the council of owners might obtain the insurance coverage it considers suitable for the protection of the structures and the apartment proprietors.(b) Insurance might be composed in the name of the council of proprietors, or in the name of a person marked in the statement or bylaws, as trustee for the apartment proprietors and their mortgagees.

Unless the council of owners all concurs otherwise, the insurance proceeds shall be paid to the private apartment owners or their mortgagees, as their passion may appear, in percentage to the interest go to these guys of a home owner in the condo regime as established by the affirmation. (a) The administrator or board of administration of a condo regime or a person selected by the laws of the program shall maintain a comprehensive composed account of the receipts as well as expenses connected to the building and its administration that defines the expenditures incurred by the regimen.(b) The accounts and sustaining coupons of a condominium routine will be made readily available to the house owners for examination on functioning days at convenient, established, and also openly announced hours.

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