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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT POSSESSION. (a) An owner of a home in a condo program possesses it specifically, and also the proprietor might have, share, or encumber the apartment or condo, or subject it to judicial acts, separately of the various other apartment or condos in the condo regimen.(b) A specific title or rate of interest in an apartment or condo in a condominium routine is recordable.(c) The entire passion in the condominium regime shall be divided amongst the homes.(d) An individual might own an apartment or condo in a condo regime jointly or in typical with others.(e) A condominium organization may not change or destroy a house or a restricted common component without the consent of all proprietors affected and the initial lien mortgagees of all influenced owners.

3620, ch. 576, Sec - apartments for rent near greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. RATE OF INTERESTS ALIKE COMPONENTS. An owner of an apartment in a condominium routine shares ownership of the program's usual aspects with the other apartment or condo proprietors. A home proprietor may utilize the typical aspects according to their intended purposes, as shared in the plat, statement, or laws of the condominium program, without conflicting with the rights of the other apartment or condo proprietors.

1, eff. (a) The possession of the general as well as the minimal common components of a condominium program may not be judicially separated or divided while they are suitable for a condo regimen.(b) An individual might not launch an action for dividing of the restricted or basic typical components of a condominium routine unless the home loans on the residential or commercial property are paid or the authorization of the mortgagees is gotten.

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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 passion of an apartment or condo owner in the common aspects of the regimen that are attributable to the house may not be communicated individually. If a conveyance of an apartment or condo does not describe the common components, the undistracted passion of the apartment owner in the basic and the restricted usual components of the routine attributable to the home is communicated with the apartment or condo.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDOMINIUM PROGRAM. (a) By unanimous agreement, or if the declaration attends to discontinuation by agreement of the proprietors, by contract of the holders of a minimum of 67 percent or a specified portion in the declaration, whichever is higher, of the possession passions in the condominium, the owners of a structure in a condo regimen might terminate the regime and also request the area clerk of the area in which the routine lies to merge the documents of the estates that make up the condominium regimen, if any creditors in whose part encumbrances versus the building are videotaped accept approve the wholehearted parts of the property had by the borrowers as protection, supplied no modification might be made to a statement to reduce the ballot required for discontinuation of the condo visit homepage program - apartments for rent near greenlake.(b) If a condominium regimen is terminated, each home owner read more owns a wholehearted interest in the typical property that represents the concentrated passion formerly possessed by the home owner in the typical components.(c) Property that has been gotten rid of from a condominium program might be committed to one more condominium program at any type of time.


1, eff. MODIFICATION OF CONDOMINIUM DECLARATION. After a condominium affirmation is tape-recorded with a county clerk, the affirmation may not be amended except at a conference of the house proprietors at which the amendment is authorized by the owners of at the very least 67 percent of the possession rate of interests in the condo.

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For the purposes of this phase, the house proprietors who possess at least 51 percent of the interests in a condo program, as figured out under the statement, are a majority of the apartment proprietors. (a) By resolution of a bulk of the council of proprietors or in the way provided or called for by the declaration or bylaws, the council of owners might get the insurance it considers ideal for the protection of the buildings as well as the home owners.(b) Insurance might be written in the name of the council of proprietors, or in the browse around this site name of a person marked in the statement or bylaws, as trustee for the home owners as well as their mortgagees.

Unless the council of proprietors with one voice concurs otherwise, the insurance coverage continues shall be paid to the specific house owners or their mortgagees, as their interest might appear, symmetrical to the passion of an apartment or condo owner in the condo regime 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 DOCUMENTS. (a) The manager or board of administration of a condominium routine or an individual appointed by the bylaws of the routine will keep an in-depth written account of the invoices and expenses associated with the building as well as its administration that specifies the expenses sustained by the regime.(b) The accounts and supporting coupons of a condominium regime shall be made readily available to the home owners for assessment on working days at practical, recognized, and publicly revealed hours.(c) The publications and documents of a condo regimen need to abide by excellent accounting procedures as well as should be examined a minimum of once each year by an auditor who is not linked with the condo routine.

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