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(a) A proprietor of a house in a condominium regimen possesses it solely, as well as the owner might possess, share, or encumber the home, or subject it to judicial acts, individually of the various other apartments in the condo regimen.(b) An individual title or passion in a house in a condominium regime is recordable.(c) The entire interest in the condo regimen shall be divided amongst the apartment or condos.


3620, ch. 576, Sec - new apartments greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. PASSIONS ALIKE COMPONENTS. An owner of an apartment or condo in a condo routine shares possession of the regime's typical aspects with the various other apartment owners. A home proprietor may make use of the typical components according to their intended purposes, as shared in the plat, statement, or laws of the condominium routine, without conflicting with the rights of the various other house owners.


1, eff. (a) The ownership of the basic as well as the restricted typical aspects of a condo program might not be judicially segmented or split while they are suitable for a condominium regime.(b) A person may not start an action for dividing of the limited or general typical components of a condominium program unless the home mortgages on the property are paid or the consent of the mortgagees is gotten.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. CONVEYANCE OF COMMON ELEMENTS. An apartment in a condominium regime and also the wholehearted passion of a house proprietor in the usual aspects of the regime that are attributable to the apartment might not be shared separately. If a conveyance of an apartment or condo does not describe the usual aspects, the wholehearted passion of the apartment or condo proprietor in the basic and also the restricted usual elements of the routine attributable to the apartment or condo is shared with the house.


(a) By unanimous arrangement, or if the affirmation supplies for termination by agreement of the proprietors, by arrangement of the holders of at the very least 67 percent or a mentioned portion in the statement, whichever is higher, of the possession interests in the condominium, the owners link of a building in a condo routine may terminate the routine and demand the county staff of the county in which the routine is located to merge the records of the estates that comprise the condominium program, if any type of financial institutions in whose behalf encumbrances against the building are taped agree to accept the concentrated sections of the home possessed by the debtors as safety, offered no amendment may be made to an affirmation to minimize the ballot required for termination of the condo regimen.(b) If a condominium program is ended, each apartment or condo owner has an undivided interest in the check that typical residential or commercial property that matches to the wholehearted passion formerly owned by the apartment or condo owner in the usual components.(c) Building that has actually been eliminated from a condo regimen may be dedicated to one more condo routine at any kind of time.




3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Changed by Acts 1989, 71st Leg., ch. 157, Sec. 1, eff. May 25, 1989. Sec. 81. 111. CHANGE OF CONDOMINIUM DECLARATION. After a condominium affirmation is tape-recorded with an area clerk, the statement might not be amended other than at a meeting of the apartment proprietors at which the amendment is approved by the holders of at the very least 67 percent of the ownership rate of interests in the condo.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. VOTING BULK. For the purposes of this chapter, the apartment or condo owners that own at the very least 51 percent of the rate of interests in a condominium program, as figured out under the declaration, are a majority of the apartment or condo click to investigate owners (modern apartments greenwood). Acts 1983, 68th Leg., p.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE. (a) By resolution of a majority of the council of owners or in the manner supplied or required by the affirmation or bylaws, the council of proprietors may get the insurance coverage it regards suitable for the protection of the structures and the apartment or condo proprietors.(b) Insurance may be composed in the name of the council of owners, or for a person marked in the statement or laws, as trustee for the apartment proprietors and also their mortgagees.


Unless the council of proprietors with one voice concurs or else, the insurance coverage continues shall be paid to the individual apartment proprietors or their mortgagees, as their rate of interest may show up, in proportion to the rate of interest of a home proprietor in the condo regimen as developed by the statement. (a) The administrator or board of administration of a condominium program or a person selected by the bylaws of the program will keep a comprehensive written account of the receipts and expenses connected to the building as well as its administration that specifies the costs incurred by the regime.(b) The accounts and also supporting coupons of a condominium regimen shall be made readily available to the home owners for assessment on functioning days at hassle-free, well established, as well as publicly announced hrs.