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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT POSSESSION. (a) An owner of a home in a condo program owns it exclusively, and also the proprietor may possess, convey, or overload the house, or subject it to judicial acts, separately of the other houses in the condominium regimen.(b) A private title or rate of interest in a house in a condominium regimen is recordable.(c) The entire rate of interest in the condominium program shall be split amongst the apartment or condos.(d) A person might possess an apartment or condo in a condominium regimen collectively or alike with others.(e) A condo association might not change or damage a home or a restricted common element without the approval of all proprietors impacted and the initial lien mortgagees of all affected proprietors.

1, eff. A proprietor of a home in a condo regimen shares possession of the regimen's usual aspects with the other apartment proprietors. An apartment or condo proprietor might make use of the usual aspects according to their desired functions, as expressed in the plat, declaration, or laws of the condominium regime, without interfering with the rights of the various other home proprietors.

3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDERS OF COMMON ELEMENTS. (a) The ownership of the general as well as the restricted typical aspects of a condo routine might not be judicially partitioned or split while they are suitable for a condominium regime.(b) An individual might not start an action for dividers of the restricted or general common elements of a condo regimen unless the home mortgages on the residential property are paid or the approval of the mortgagees is acquired.(c) An agreement as opposed to this section is void.

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1, eff. A home in a condominium program as well as the undivided passion of a house owner in the common aspects of the program that are attributable to the apartment may not be conveyed separately. If a conveyance of a home does not refer to the usual components, the wholehearted passion of the home proprietor in the basic as well as the restricted usual aspects of the routine attributable to the home is shared with the home.

(a) By unanimous agreement, or if the declaration offers for discontinuation by contract of the owners, by agreement of the owners of at the very least 67 percent or a specified portion in the statement, whichever is address greater, of the ownership rate of interests in the condominium, the owners of more tips here a building in a condo regime might end the routine as well as request the county staff of the region in which the program is located to combine the documents of the estates that comprise the condominium program, if any type of lenders in whose behalf encumbrances against the structure are taped agree to accept the concentrated sections of the building had by the debtors as protection, offered no amendment may be made to a statement to decrease the ballot needed for termination of the condo routine.(b) If a condominium program is ended, each apartment proprietor possesses a wholehearted passion in the common building that matches to the concentrated rate of interest formerly owned by the apartment proprietor in the common components.(c) Building that has been eliminated from a condominium regimen might be dedicated to one more condominium program at 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. MODIFICATION OF CONDOMINIUM AFFIRMATION. After a condo statement is videotaped with a county clerk, the affirmation may not pop over to these guys be amended except at a conference of the apartment proprietors at which the amendment is authorized 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 objectives of this phase, the apartment or condo proprietors who own a minimum of 51 percent of the passions in a condo routine, as identified under the declaration, are a bulk of the apartment or condo proprietors (new apartments greenwood). Acts 1983, 68th Leg., p.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE POLICY. (a) By resolution of a majority of the council of owners or in the fashion supplied or needed by the affirmation or bylaws, the council of proprietors may acquire the insurance policy it considers proper for the defense of the structures and also the apartment proprietors.(b) Insurance might be composed in the name of the council of proprietors, or for an individual assigned in the declaration or bylaws, as trustee for the apartment owners as well as their mortgagees.

Unless the council of owners all concurs otherwise, the insurance continues will be paid to the specific apartment proprietors or their mortgagees, as their passion may appear, symmetrical to the rate of interest of an apartment owner in the condo routine 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 manager or board of management of a condo routine or an individual assigned by the bylaws of the program shall maintain a thorough composed account of the receipts and expenses connected to the building and its administration that defines the costs incurred by the program.(b) The accounts and supporting vouchers of a condo program shall be offered to the home proprietors for evaluation on working days at convenient, well established, as well as openly revealed hrs.(c) Guides and documents of a condo program must adhere to good audit procedures and also need to be audited at the very least once yearly by an auditor who is not linked with the condominium regime.

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