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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT OWNERSHIP. (a) An owner of a home in a condo program owns it exclusively, as well as the owner might have, share, or overload the home, or subject it to judicial acts, independently of the other houses in the condo program.(b) A specific title or rate of interest in a house in a condominium program is recordable.(c) The whole rate of interest in the condo regimen shall be separated among the apartments.(d) A person may possess an apartment in a condominium routine collectively or alike with others.(e) A condo organization might not change or ruin an apartment or a restricted common aspect without the consent of all proprietors impacted and also the initial lien mortgagees of all affected owners.


3620, ch. 576, Sec - modern apartments greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. PASSIONS ALIKE ELEMENTS. An owner of an apartment or condo in a condo program shares possession of the regime's typical elements with the various other apartment or condo owners. An apartment proprietor might use the usual elements according to their desired objectives, as expressed in the plat, statement, or laws of the condo regime, without interfering with the legal rights of the other apartment or condo proprietors.


3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. PARTITION OF COMMON ELEMENTS. (a) The possession of the basic as well as the restricted typical aspects of a condominium program may not be judicially partitioned or separated while they appropriate for a condo regimen.(b) A person may not launch an activity for dividers of the minimal or general usual components of a condo regimen unless the home mortgages on the building are paid or the approval of the mortgagees is obtained.(c) An agreement as opposed to this section is void.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. TRANSPORTATION OF COMMON COMPONENTS. An apartment in a condominium routine as well as the wholehearted passion of an apartment owner in the typical aspects of the regimen that are attributable to the home might not be conveyed individually. If a conveyance of an apartment or condo does not describe the typical aspects, the concentrated rate of interest of the apartment or condo owner in the basic and the limited common aspects of the program attributable to the apartment or condo is shared with the apartment.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDOMINIUM REGIMEN. (a) By unanimous agreement, or if the affirmation attends to termination by arrangement of the proprietors, by agreement of the holders of at the very least 67 percent or a mentioned portion in the declaration, whichever is better, of the ownership interests in the condo, the owners of a structure in a condo regimen might end the program as well as demand the region staff of the region in which the regime lies to merge the records of the estates that consist of the condo regimen, if any financial institutions in whose behalf Full Article encumbrances against the building are recorded concur to approve the wholehearted portions of the residential or commercial property owned by the borrowers as security, offered no change might be made to a statement to lower the ballot required for termination of the condo program - modern apartments greenwood.(b) If a condominium regime is ended, each apartment owner owns an undistracted passion in the common residential or commercial property that represents the concentrated interest formerly had by the home owner in the common elements.(c) Property that has been removed from a condominium regime might be devoted to one more condo program any time.




1, eff. MODIFICATION my response OF CONDO AFFIRMATION. After a condo declaration is tape-recorded with an area clerk, the declaration may not be amended other than at a meeting of the home proprietors at which the change is approved by the owners of at least 67 percent of the possession passions in the condo.

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For the objectives of this chapter, the home owners that own at the very least 51 percent of the interests in a condo program, as established under the declaration, are a majority of the apartment or condo owners. (a) By resolution of a bulk of the council of proprietors or in the way provided or required by the statement or bylaws, the council of owners might acquire the insurance policy it deems proper for the defense of the buildings and also the apartment or condo proprietors.(b) Insurance coverage might be composed in the name of the council of proprietors, or in the name of a person marked in the affirmation or bylaws, as trustee for the house proprietors and also their mortgagees.


Unless the council of owners all concurs or else, the insurance policy proceeds shall be paid to the individual home proprietors or their mortgagees, as their rate of interest might appear, symmetrical to the interest of an apartment proprietor in the condominium regime as developed by the declaration. Acts 1983, 68th Leg., p.

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3623, look at this site ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 209. CONDO RECORDS. (a) The administrator or board of administration of a condominium regimen or a person selected by the laws of the regimen shall keep a thorough written account of the invoices as well as expenses associated with the structure and also its administration that specifies the expenditures sustained by the regimen.(b) The accounts and sustaining vouchers of a condo program will be provided to the home owners for exam on working days at practical, well-known, and also publicly revealed hours.(c) Guides and records of a condominium regimen should adhere to great accounting treatments and also should be examined a minimum of once annually by an auditor who is not related to the condo regimen.