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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT OWNERSHIP. (a) A proprietor of an apartment or condo in a condominium routine possesses it solely, and also the proprietor may possess, convey, or overload the home, or subject it to judicial acts, independently of the other homes in the condominium regime.(b) An individual title or rate of interest in an apartment or condo in a condo regimen is recordable.(c) The entire interest in the condo routine will be split amongst the homes.(d) An individual may possess a house in a condominium regime jointly or alike with others.(e) A condo organization may not modify or ruin a home or a minimal usual element without the permission of all owners influenced as well as the first lien mortgagees of all impacted proprietors.

1, eff. An owner of a home in a condominium program shares ownership of the routine's typical components with the various other home owners. An apartment or condo proprietor may utilize the typical components according to their intended functions, as shared in the plat, declaration, or bylaws of the condo routine, without conflicting with the legal rights of the various other apartment owners.

1, eff. (a) The possession of the basic and also the minimal common components of a condo regime might not be judicially segmented or separated while they are suitable for a condominium regime.(b) An individual might not initiate an activity for dividers of the minimal or general usual components of a condominium routine unless the mortgages on the building are paid or the approval of the mortgagees is acquired.

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1, eff. An apartment or condo in a condo regimen and the concentrated interest of an apartment proprietor in the typical aspects of the program that are attributable to the house might not be shared separately. If a transportation of a house does not refer to the common components, the undivided interest of the apartment or condo proprietor in the basic as well as the limited common elements of the program attributable to the home is communicated with the apartment or condo.

(a) By unanimous contract, or if the declaration supplies for discontinuation by arrangement of the owners, by contract of the owners of at the very least 67 percent or a mentioned portion in the affirmation, whichever is better, of the possession interests in the condominium, the proprietors of a structure in a condominium regime might terminate the routine as well as demand the region staff of the region in which the routine is located to merge the documents of the estates that make up the condo regime, if any type of financial institutions in whose part encumbrances versus the structure are videotaped concur to approve the concentrated sections of the building possessed by the borrowers as security, offered no amendment may be made to a declaration to reduce the ballot needed for termination of the condominium regimen.(b) If a condominium regimen is terminated, each house owner has a wholehearted interest in the typical residential or commercial property that matches to the undivided interest previously possessed by the our website home owner in the common components.(c) Property that has actually been removed from a condominium routine may be committed to one more condominium regimen at any time.


1, eff. AMENDMENT OF CONDOMINIUM STATEMENT. After a condo affirmation is videotaped with a county staff, the declaration might not be modified other than at a meeting of the home owners at which the modification is authorized by the owners of at least 67 percent of the ownership interests in the condominium.

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For the objectives of this phase, the apartment or condo owners who have at least 51 percent of the rate of interests in a condo regimen, as established under the declaration, are a bulk of the house proprietors. (a) By resolution of a majority of the council of proprietors or in the manner provided or called for by the statement or bylaws, the council of proprietors may obtain the insurance coverage it regards ideal for the defense of the structures and the apartment or condo proprietors.(b) Insurance might be created in the name of the council of proprietors, or in the name of an individual designated in the statement or bylaws, as trustee for the house owners as well as their mortgagees.

Unless the council useful site of proprietors all concurs or else, the insurance continues will be paid to the private home proprietors or their mortgagees, as their passion may show up, in percentage to the passion of an apartment or condo proprietor in the condominium routine 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 administration of a condo regimen or a person designated by the bylaws of the regime will maintain an in-depth composed account of the receipts and expenses connected to the structure and its administration that specifies the costs incurred by the program.(b) The click this accounts as well as supporting vouchers of a condo program shall be made offered to the apartment owners for assessment on functioning days at convenient, well established, as well as publicly revealed hrs.(c) The publications as well as documents of a condominium routine need to abide by good bookkeeping procedures as well as need to be investigated at the very least when annually by an auditor that is not connected with the condominium regimen.

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