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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT OWNERSHIP. (a) A proprietor of an apartment or condo in a condominium regime owns it solely, as well as the proprietor may possess, communicate, or encumber the apartment or condo, or subject it to judicial acts, separately of the various other homes in the condo regime.(b) A private title or interest in an apartment in a condominium routine is recordable.(c) The whole rate of interest in the condo routine shall be divided amongst the houses.(d) An individual may own an apartment in a condominium routine jointly or in usual with others.(e) A condo association may not change or destroy an apartment or a limited usual component without the permission of all proprietors affected and also the initial lien mortgagees of all influenced owners.

3620, ch. 576, Sec - apartments near greenlake. 1, eff. Jan. 1, 1984. Sec. 81. 107. RATE OF INTERESTS ALIKE ELEMENTS. A proprietor of a home in a condominium regime shares ownership of the routine's usual aspects with the various other home owners. A home proprietor might use the usual elements according to their desired objectives, as revealed in the plat, declaration, or bylaws of the condo program, without conflicting with the legal rights of the various other home proprietors.

3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. PARTITION OF COMMON COMPONENTS. (a) The ownership of the basic and the restricted usual aspects of a condo regimen may not be judicially segmented or divided while they are ideal for a condominium regimen.(b) A person may not initiate an activity for partition of the limited or basic usual aspects of a condominium routine unless the mortgages on the residential property are paid or the approval of the mortgagees is obtained.(c) An agreement contrary to this area is space.

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1, eff. An apartment in a condominium program and also the undistracted rate of interest of an apartment or condo owner in the usual components of the program that are attributable to the apartment might not be communicated individually. If a conveyance of an apartment or condo does not refer to the common components, the wholehearted passion of the apartment owner in the basic and also the minimal common components of the browse around these guys regimen attributable to the home is communicated with the house.

(a) By unanimous arrangement, or if the declaration offers for termination by agreement of the proprietors, by contract of the owners of at the very least 67 percent or a mentioned percentage in the declaration, whichever is greater, of the ownership interests in the condominium, the informative post owners of a building in a condominium regime may terminate the regime as well as demand the region staff of the region in which the program is located to combine the records of the estates that consist of the condominium regime, if any kind of financial institutions in whose part encumbrances versus the structure are taped agree to approve the concentrated portions of the residential or commercial property owned by the borrowers as safety, offered no amendment might be made to a declaration to decrease the ballot required for discontinuation of the condominium regimen.(b) If a condo program is terminated, each apartment proprietor possesses an undistracted passion in the common residential property that corresponds to the undivided interest formerly had by the home owner in the typical elements.(c) Building that has actually been gotten rid of from a condominium program may be devoted to an additional condo routine at any kind of time.


3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Modified by Acts 1989, 71st Leg., ch. 157, Sec. 1, eff. May 25, 1989. Sec. 81. 111. CHANGE OF CONDOMINIUM STATEMENT. After a condominium declaration is taped with a region staff, the declaration may not be modified except at a meeting of the house proprietors at which the change is approved by the holders of at least 67 percent of the ownership passions in the condominium.

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3621, ch. check 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. VOTING BULK. For the objectives of this chapter, the home proprietors who possess at the very least 51 percent of the interests in a condominium regime, as identified under the declaration, are a majority of the apartment owners (new apartments greenwood). Acts 1983, 68th Leg., p.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE. (a) By resolution of a majority of the council of owners or in the manner offered or required by the affirmation or bylaws, the council of owners may acquire the insurance it deems suitable for the protection of the buildings and also the apartment or condo proprietors.(b) Insurance coverage may be created in the name of the council of owners, or for an individual marked in the affirmation or laws, as trustee for the house proprietors and also their mortgagees.

Unless the council of proprietors unanimously agrees or else, the insurance coverage proceeds shall be paid to the individual house proprietors or their mortgagees, as their interest might appear, in proportion to the passion of an apartment or condo proprietor in the condominium regimen as established by the declaration. (a) The manager or board of management of a condo regime or an individual appointed by the bylaws of the routine will maintain a thorough written account of the invoices as well as expenses connected to the building and its administration that specifies the expenses sustained by the regime.(b) The accounts and also sustaining coupons of a condo routine shall be made available to the apartment or condo proprietors for evaluation on working days at practical, well established, and openly introduced hrs.

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