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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT OWNERSHIP. (a) A proprietor of a home in a condo regime owns it specifically, and also the owner might have, share, or overload the house, or subject it to judicial acts, separately of the other homes in the condominium regime.(b) An individual title or passion in a home in a condominium routine is recordable.(c) The entire interest in the condominium regimen shall be separated amongst the apartment or condos.(d) An individual might have a house in a condo regime collectively or alike with others.(e) A condo organization may not alter or ruin an apartment or condo or a minimal common component without the approval of all owners affected as well as the very first lien mortgagees of all affected owners.


1, eff. An owner of an apartment in a condo regime shares possession of the program's common elements with the other home owners. A house owner may utilize the usual aspects according to their intended purposes, as shared in the plat, declaration, or bylaws of the condo regimen, without conflicting with the rights of the other apartment or condo proprietors.


1, eff. (a) The possession of the general and also the minimal common components of a condominium program might not be judicially segmented or split while they are suitable for a condo program.(b) A person may not start an activity for dividing of the restricted or basic typical aspects of a condominium program unless the home mortgages on the property are paid or the approval of the mortgagees is gotten.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. CONVEYANCE OF COMMON COMPONENTS. A home in a condominium regime and also the undistracted rate of interest of a house owner in the typical aspects of the regime that are attributable to the apartment might not be conveyed individually. If a transportation of a house does not describe the usual components, the wholehearted rate of interest of the apartment owner in the basic as well as the restricted usual components of the regime attributable to the home is conveyed with the apartment or condo.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDOMINIUM ROUTINE. (a) By unanimous arrangement, or if the affirmation gives for termination by agreement of the owners, by contract of the owners of at the very least 67 percent or a mentioned percentage in the declaration, whichever is better, of the possession rate of interests in the condo, the proprietors of a building in a condominium routine may end the routine as well as demand the region staff of the area in which the routine lies to merge the records of the estates that comprise the condo routine, if any type of creditors in whose behalf encumbrances versus the building are a knockout post videotaped consent to accept the undistracted parts of the home owned by the borrowers as safety, supplied no amendment might be made to a declaration to lower the ballot required for discontinuation of the condominium regimen - apartments for rent near greenwood.(b) If a condo program is terminated, each apartment owner has an undivided rate of interest in the typical home that corresponds to the undistracted passion formerly had by the house proprietor in the usual elements.(c) Residential property that has actually been removed from a condo regimen might be dedicated to one more condominium regimen any time.




3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1989, 71st Leg., ch. 157, Sec. 1, eff. May 25, 1989. Sec. 81. 111. AMENDMENT OF CONDOMINIUM AFFIRMATION. After a condominium affirmation is recorded with an area staff, the statement might not be amended other than at a meeting of the home owners at which the change is accepted by the owners of a minimum of 67 percent of the ownership passions in the condominium.

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For the functions of this chapter, the home owners that possess at least 51 percent of the click for more rate of interests in a condo routine, as established under the statement, are a majority of the apartment or condo proprietors. (a) By resolution of a bulk of the council of owners or in the fashion supplied or needed by the declaration or laws, the council of owners may get the insurance policy it considers suitable for the protection of the structures and also the apartment proprietors.(b) Insurance policy may be composed in the name of the council of owners, or in the name of a person assigned in the affirmation YOURURL.com or laws, as trustee for the apartment owners and also their mortgagees.


Unless the council of owners all concurs otherwise, the insurance policy proceeds will be paid to the individual home owners or their mortgagees, as their rate of interest may appear, in percentage to the interest of an apartment owner in the condominium program as established by the statement. 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 regime or a person selected by the bylaws of the regimen will keep an in-depth composed account of the invoices and expenses connected to the building and also its management that specifies the costs incurred by the regime.(b) The accounts and also supporting coupons of a condo regimen shall be provided to the apartment proprietors for exam on functioning days at practical, established, and publicly announced hours.(c) The books and also records of a condominium program should follow great accounting treatments and must be investigated a minimum of once annually by an auditor that is not related to the condo routine.