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(a) A proprietor of an apartment in a condominium routine owns it exclusively, as well as the proprietor may have, communicate, or overload the apartment or condo, or subject it to judicial acts, separately of the various other houses in the condo routine.(b) An individual title or interest in a house in a condo regimen is recordable.(c) The entire interest in the condo regime will be split amongst the houses.


3620, ch. 576, Sec - modern apartments greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. RATE OF INTERESTS ALIKE ASPECTS. A proprietor of an apartment in a condominium routine shares possession of the regime's typical aspects with the other apartment or condo proprietors. A home proprietor may utilize the common components according to their designated purposes, as shared in the plat, statement, or laws of the condo regime, without disrupting the legal rights of the other house proprietors.


3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDING OF COMMON ASPECTS. (a) The ownership of the general and also the limited common aspects of a condominium regime may not be judicially segmented or separated while they are appropriate for a condominium regimen.(b) A person may not start an activity for dividers of the limited or general usual elements of a condominium regimen unless the home mortgages on the residential or commercial property are paid or the approval of the mortgagees is obtained.(c) An arrangement as opposed to this area is gap.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. CONVEYANCE OF COMMON ELEMENTS. A home in a condo routine and also the wholehearted passion of a home owner in the common aspects of the program that are attributable to the apartment might not be conveyed individually. If a transportation of a house does not refer to the typical components, the undistracted rate of interest of the apartment proprietor in the general and also the limited typical elements of the program attributable to the apartment is communicated with the home.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDO PROGRAM. (a) By unanimous agreement, or if the statement offers discontinuation by contract of the proprietors, by contract of the holders of at the very least 67 percent or a stated percentage in the statement, whichever is greater, of the ownership interests in the condominium, the owners of a building in a condominium program may end the regime as well as demand the region staff of the county in which the regime lies to merge the records of the estates that make up the condominium routine, if any kind of creditors in whose behalf encumbrances against the building are recorded concur to approve the concentrated portions of the property owned by the borrowers Go Here as security, provided no modification might be made to a statement to decrease the vote required for discontinuation of the condo regime - apartments for rent near greenwood.(b) If a condo routine is terminated, each home proprietor possesses an undivided rate of interest in the typical residential property that represents the wholehearted passion formerly had by the home proprietor in the typical elements.(c) Residential property that has actually been eliminated from a condominium program might be committed to one more condominium regime at any moment.




1, eff. MODIFICATION OF CONDO DECLARATION. After a condominium declaration is recorded with a county staff, the affirmation might not be modified other than at a meeting of the house owners at which the amendment is accepted by the holders of at least 67 percent of the possession rate of interests in the condominium.

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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 routine, as identified under the declaration, are a majority of the apartment owners. (a) By resolution of a bulk of the council of proprietors or in the way offered or needed by the declaration or bylaws, the council of owners might acquire the insurance policy it deems appropriate for the defense of the buildings and also the home proprietors.(b) Insurance policy may be composed in the this name of the council of owners, or in the name of a person assigned in the statement or laws, as trustee for the house proprietors and their mortgagees.


Unless the council of proprietors with one voice concurs otherwise, the insurance coverage continues will be paid to the private apartment or condo owners or their mortgagees, as their passion might appear, symmetrical to the rate of interest of a home proprietor in the condo regime as developed 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 RECORDS. (a) The administrator or board of management of a condominium regime or an individual selected by the bylaws of the program will keep a thorough created account of the invoices and expenditures connected to the building and its administration that specifies the costs sustained by the regime.(b) The accounts and supporting vouchers of a condominium program shall click reference be made readily available to the apartment or condo proprietors for evaluation on working days at convenient, well established, as well as publicly announced hours.(c) The publications and records of a condominium routine need to abide by excellent accountancy treatments and need to be examined at the very least as soon as each year by an auditor that is not associated with the condominium regime.