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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT POSSESSION. (a) A proprietor of a home in a condo regimen owns it solely, as well as the owner may have, convey, or overload the apartment or condo, or subject it to judicial acts, individually of the various other houses in the condo routine.(b) A specific title or rate of interest in a home in a condo program is recordable.(c) The whole interest in the condo routine shall be separated amongst the apartments.(d) An individual may possess an apartment in a condo regime collectively or in common with others.(e) A condo association might not modify or ruin an apartment or condo or a minimal common aspect without the authorization of all proprietors impacted and the initial lien mortgagees of all influenced owners.


3620, ch. 576, Sec - modern apartments greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. RATE OF INTERESTS ALIKE COMPONENTS. An owner of an apartment in a condo regimen shares ownership of the routine's common aspects with the other apartment or condo owners. A house proprietor may use the usual aspects according to their designated functions, as shared in the plat, statement, or bylaws of the condominium routine, without hindering the legal rights of the various other house proprietors.


1, eff. (a) The ownership of the basic as well as the restricted common elements of a condo regimen might not be judicially partitioned or split while they are suitable for a condominium routine.(b) An individual might not start an action for partition of the limited or general usual elements of a condo regime unless the mortgages on the property are paid or the authorization of the mortgagees is gotten.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. TRANSPORTATION OF COMMON ASPECTS. A home in a condo program and also the undistracted interest of an apartment proprietor in the common aspects of the program that are attributable to the apartment or condo might not be communicated independently. If a conveyance of a home does not refer to the common aspects, the undivided rate of interest of the home owner in the general and the limited typical aspects of the regime attributable to the house is conveyed with the home.


(a) By consentaneous arrangement, or if the declaration offers for discontinuation by arrangement of the proprietors, by arrangement of the holders of at least 67 percent or a mentioned percentage in the statement, whichever is better, of the possession passions in the condo, the owners of a structure in a condo routine might end the regimen as well as demand the county clerk of the area in which the program is located to merge the records of the estates that make up the condo regime, if any kind of creditors in whose behalf encumbrances against the structure are recorded concur to accept the concentrated portions of the residential or commercial property owned by the borrowers as safety, supplied no modification may be made to an affirmation to decrease the vote required for discontinuation of the condo routine.(b) If a condo regimen is ended, each house owner possesses a concentrated interest in the usual property that corresponds to get more the wholehearted passion formerly owned by the apartment owner in the usual elements.(c) Residential property that has been eliminated from a condominium regimen might be dedicated to an additional condominium regime at any time.




3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Changed by Acts 1989, 71st Leg., ch. 157, Sec. 1, eff. May 25, 1989. Sec. 81. 111. MODIFICATION OF CONDOMINIUM STATEMENT. After a condominium affirmation is tape-recorded with an area staff, the statement may not be modified other than at a conference of the apartment or condo proprietors at which the change is approved by the holders of at the very least 67 percent of the possession interests in the condominium.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. BALLOT BULK. For the purposes of this chapter, the home proprietors that possess a minimum of 51 percent of the passions in a condominium regime, as figured out under the declaration, are a bulk of the apartment or condo owners (apartments for rent near greenwood). Acts 1983, 68th Leg., p.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE. (a) By resolution of a bulk of the council of proprietors or in the way offered or required by the declaration or laws, the council of proprietors may get the insurance policy it considers suitable for the security of the buildings and the apartment or condo owners.(b) Insurance may be written in the name of the council of proprietors, or for an individual assigned in the statement he said or bylaws, as trustee for the home proprietors as well as their mortgagees.


Unless the council of proprietors with one voice agrees otherwise, the insurance continues shall be paid to the private apartment or condo proprietors or their mortgagees, as their interest great site might show up, symmetrical to the passion of a house proprietor in the condo routine as established by the affirmation. Acts 1983, 68th Leg., p.

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3623, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 209. CONDOMINIUM RECORDS. (a) The administrator or board of management of a condominium regime or an individual designated by the bylaws of the regimen will keep a detailed written account of the receipts and also expenditures connected to the structure and its management that defines the costs incurred by the program.(b) The accounts and supporting vouchers of a condominium program shall be provided to the home owners for exam on working days at convenient, well established, and also openly announced hrs.(c) Guides and also records of a condominium program must abide by great accounting procedures as well as need to be examined a minimum of once annually by an auditor that is not linked with the condominium regimen.