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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 regimen possesses it specifically, as well as the proprietor might possess, communicate, or encumber the home, or subject it to judicial acts, independently of the various other apartments in the condo regime.(b) A specific title or passion in an apartment in a condominium routine is recordable.(c) The entire interest in the condominium regimen shall be split amongst the apartments.(d) A person may have an apartment or condo in a condominium program jointly or in typical with others.(e) A condominium association may not change or damage an apartment or condo or a limited typical element without the permission of all proprietors impacted and the very first lien mortgagees of all influenced owners.


1, eff. A proprietor of a home in a condominium routine shares possession of the regimen's usual elements with the various other home proprietors. An apartment owner may make use of the typical elements according to their intended purposes, as revealed in the plat, statement, or bylaws of the condominium routine, without conflicting with the legal rights of the other apartment owners.


1, eff. (a) The possession of the general and the minimal typical aspects of a condominium regime might not be judicially separated or divided while they are suitable for a condo regime.(b) A person might not launch an action for partition of the limited or general usual aspects of a condominium regimen unless the home loans on the home are paid or the authorization of the mortgagees is acquired.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. TRANSPORTATION OF COMMON ASPECTS. An apartment in a condo regime as well as the concentrated interest of an apartment owner in the common aspects of the program that are attributable to the home may not be conveyed individually. If a transportation of a house does not describe the typical components, the wholehearted rate of interest of the home owner in the general and the limited typical aspects of the regime attributable to the house is conveyed with the apartment or condo.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDOMINIUM REGIME. (a) By consentaneous agreement, or if the affirmation provides for discontinuation by contract of the proprietors, by agreement of the owners of at the very least 67 percent or a stated portion in the declaration, whichever is higher, of the possession rate of interests in the condo, the owners of a building in a condo program might terminate the regime as well as request the region clerk of the region in which the routine lies to merge the documents of the estates that make up the condo regimen, if any creditors in whose part encumbrances against the structure are recorded consent to accept the concentrated sections of the residential or commercial property had by the borrowers as safety and security, gave no amendment might be made to a declaration to minimize the vote needed for discontinuation of the condominium regime - apartments for rent near greenwood.(b) If a condominium regime is terminated, each house proprietor possesses a wholehearted rate of interest in the common home that corresponds to the wholehearted interest previously had by the apartment or condo proprietor in the usual aspects.(c) Residential or commercial property that has actually been eliminated from a condo program may be dedicated to another condo regime at any type of time.




3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1989, 71st Leg., ch. 157, Sec. 1, eff. May 25, have a peek here 1989. Sec. 81. 111. AMENDMENT OF CONDOMINIUM AFFIRMATION. After a condominium declaration is videotaped with a county clerk, the statement may not be changed other than at a meeting of the home owners at which the modification is accepted by the holders of at the very least 67 percent of the possession rate of interests in the condominium.

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For the functions of this chapter, the apartment or condo owners who own at the very least 51 percent of the passions in a condo regimen, as established under the affirmation, are a majority of the apartment or condo proprietors. (a) By resolution of a bulk of the council of owners or in the manner supplied or needed by the statement or laws, the council of owners might acquire the insurance it regards ideal for the defense of the buildings and the home proprietors.(b) Insurance coverage may be composed in the name of the council of owners, or in the name of a person assigned in the statement or bylaws, as trustee for the house owners and their mortgagees.


Unless the council of owners unanimously agrees or else, the insurance policy continues will be paid to the specific home owners or their mortgagees, as their interest may appear, symmetrical to the rate of 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. CONDO DOCUMENTS. (a) The manager or board of management of a condominium regime or an individual designated by the laws of the program will keep a thorough created account of the receipts and expenses associated to the building as well as its administration that defines the expenses sustained by the program.(b) The accounts as well as sustaining coupons of a condo program will be i was reading this made offered to the house proprietors for examination on functioning days at practical, established, as well as publicly introduced hours.(c) Guides and also my website documents of a condominium program need to comply with good bookkeeping treatments and also should be audited a minimum of as soon as annually by an auditor who is not associated with the condo regime.