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(a) An owner of a home in a condo regimen has it exclusively, and the proprietor might possess, share, or encumber the house, or subject it to judicial acts, individually of the various other homes in the condominium regimen.(b) A specific title or interest in an apartment or condo in a condominium routine is recordable.(c) The entire passion in the condominium program will be separated amongst the apartment or condos.

1, eff. A proprietor of an apartment in a condo regime shares ownership of the program's common components with the various other apartment or condo proprietors. A home proprietor may use the typical aspects according to their intended functions, as revealed in the plat, statement, or laws of the condominium regime, without conflicting with the rights of the other apartment owners.

3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDING OF COMMON COMPONENTS. (a) The ownership of the basic and the limited common elements of a condominium program may not be judicially separated or split while they are appropriate for a condo program.(b) An individual may not launch an activity for partition of the minimal or general typical elements of a condominium regime unless the home loans on the home are paid or the consent of the mortgagees is obtained.(c) A contract in contrast to this section is void.

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1, eff. An apartment or condo in a condo routine and the undivided rate of interest of an apartment or condo proprietor in the usual aspects of the regimen that are attributable to the home may not be communicated separately. If a transportation of a house does not refer to the common components, the wholehearted rate of interest of the house proprietor in the basic as well as the minimal common aspects of the regimen attributable to the house is shared with the house.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDO REGIMEN. (a) By unanimous arrangement, or if the affirmation supplies for discontinuation by arrangement of the proprietors, by contract of the holders of at the very least 67 percent or a stated portion in the affirmation, whichever is greater, of the possession passions in the condo, the proprietors of a building in a condo routine might end the program and demand the region staff of the region in which the regimen is located to combine the documents of the estates that consist of the condominium program, if any type of creditors in whose part encumbrances against the structure are tape-recorded consent to approve the undistracted parts of the residential or commercial property had by the debtors as safety, supplied no modification might be made to an affirmation to minimize the vote needed for termination of the condo routine - new apartments greenwood.(b) If a condominium additional reading regime is additional hints terminated, each apartment or condo owner has an undistracted interest in the usual property that matches to the undivided passion previously owned by the house proprietor in the usual elements.(c) Building that has been removed from a condo program might be dedicated to an additional condominium program any time.


1, eff. CHANGE OF CONDOMINIUM AFFIRMATION. After a condo statement is taped with a region staff, the statement might not be modified except at a meeting of the apartment or condo owners at which the amendment is accepted by the owners of at least 67 percent of the ownership passions in the condominium.

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For the purposes of this phase, the apartment or condo owners who own at the very least 51 percent of the rate of interests in a condominium regime, as figured out under the declaration, are a majority of the home proprietors. (a) By resolution of a click for source bulk of the council of owners or in the way provided or called for by the declaration or laws, the council of owners may get the insurance coverage it considers suitable for the security of the buildings and also the apartment owners.(b) Insurance may be composed in the name of the council of proprietors, or in the name of a person assigned in the affirmation or bylaws, as trustee for the home proprietors and their mortgagees.

Unless the council of owners all agrees otherwise, the insurance policy continues shall be paid to the individual home owners or their mortgagees, as their passion may show up, in percentage to the interest of a house proprietor in the condominium 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. CONDOMINIUM RECORDS. (a) The manager or board of management of a condominium regimen or a person selected by the laws of the routine shall keep an in-depth written account of the receipts and also expenditures connected to the structure and also its management that specifies the expenditures sustained by the regimen.(b) The accounts and also sustaining coupons of a condo program shall be made readily available to the house owners for evaluation on working days at hassle-free, recognized, and also openly announced hours.(c) The books as well as records of a condominium regimen have to conform with good bookkeeping treatments and also should be examined a minimum of as soon as each year by an auditor who is not linked with the condominium regime.

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