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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT POSSESSION. (a) A proprietor of a house in a condo regimen owns it exclusively, and also the owner might have, convey, or encumber the apartment, or subject it to judicial acts, independently of the other houses in the condo program.(b) An individual title or passion in a home in a condo regime is recordable.(c) The entire rate of interest in the condo program shall be separated amongst the apartments.(d) An individual may possess a house in a condominium regime collectively or in common with others.(e) A condominium organization may not alter or destroy a home or a restricted usual aspect without the consent of all owners impacted as well as the first lien mortgagees of all impacted owners.


1, eff. A proprietor of an apartment in a condominium program shares possession of the regime's typical aspects with the other apartment or condo proprietors. A house proprietor may utilize the common elements according to their designated objectives, as revealed in the plat, declaration, or bylaws of the condominium routine, without conflicting with the legal rights of the various other apartment proprietors.


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1, eff. (a) The possession of the general and also the minimal usual aspects of a condo program might not be judicially separated or divided while they are suitable for a condominium regime.(b) An individual may not start an action for dividers of the limited or general usual aspects of a condominium routine unless the mortgages on the residential or commercial property are paid or the consent of the mortgagees is gotten.


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1, eff. An apartment in a condo regimen and the undistracted interest of a house owner in the usual components of the regime that are attributable to the house may not be shared independently. If a conveyance of a house does not refer to the common components, the wholehearted passion of the apartment or condo owner in the basic and the restricted usual components of the routine attributable to the apartment is conveyed with the apartment.


(a) By unanimous agreement, or if the affirmation provides for discontinuation by contract of the proprietors, by agreement of the owners of at the very least 67 percent or a stated portion in the statement, whichever is higher, of the ownership rate of interests in the condominium, the proprietors of a building in a condo program may terminate the routine and also request the region clerk of the county in which the regimen is situated to combine the records of the estates that comprise the condominium regimen, if any type of creditors in whose part encumbrances against the structure are taped agree to approve the undistracted portions of the home possessed by the borrowers as safety and security, provided no modification may be made see this site to a declaration to decrease the vote needed for discontinuation of the condominium routine.(b) If a condo routine is ended, each apartment or condo proprietor has a wholehearted rate of interest in the common building that matches to the wholehearted passion formerly owned by the home owner in the typical components.(c) Residential or commercial property that has actually been removed from a condominium program might be committed to one more condo routine at any kind of time.




1, eff. AMENDMENT OF CONDOMINIUM AFFIRMATION. After a condo declaration is taped click here to read with an area clerk, the declaration may not be modified except at a meeting of the house owners at which the amendment is accepted by the holders of at least 67 percent of the possession passions in the condo.


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For the functions of this chapter, the apartment or condo proprietors who possess at least 51 percent of the rate of interests in a condo routine, as figured out under the affirmation, are a bulk of the apartment proprietors. (a) By resolution of a bulk of the council of proprietors or in the way supplied or called for by the statement or bylaws, the council of proprietors may acquire the insurance coverage it regards appropriate for the defense of the buildings and also the home owners.(b) Insurance might be created in the name of the council of owners, or in the name of an individual assigned in the declaration or bylaws, as trustee for the house owners and their mortgagees.


Unless the council of proprietors all concurs or else, the insurance proceeds will be paid to the private apartment or condo proprietors or their mortgagees, click resources as their interest may show up, 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 condo regime or an individual assigned by the bylaws of the routine will maintain a thorough written account of the receipts and expenses related to the structure and its administration that defines the expenditures incurred by the program.(b) The accounts and also supporting vouchers of a condominium program will be made available to the apartment owners for evaluation on working days at practical, well established, as well as publicly introduced hrs.(c) Guides and records of a condominium regimen must adhere to good accounting procedures as well as should be investigated at least once annually by an auditor that is not connected with the condo program.

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