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(a) An owner of a house in a condominium regimen has it specifically, as well as the proprietor may possess, communicate, or encumber the house, or subject it to judicial acts, separately of the various other apartments in the condominium program.(b) A private title or interest in an apartment or condo in a condo program is recordable.(c) The whole passion in the condominium regimen will be divided among the apartments.


1, eff. A proprietor of an apartment in a condo regimen shares possession of the program's typical elements with the various other house proprietors. A home proprietor may use the usual aspects according to their designated functions, as revealed in the plat, affirmation, or bylaws of the condo regimen, without interfering with the legal rights of the other home proprietors.


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1, eff. (a) The possession of the general as well as the limited usual components of a condominium regimen might not be judicially partitioned or separated while they are appropriate for a condominium regimen.(b) A person might not start an action for partition of the limited or general common components of a condo routine unless the mortgages on the residential or commercial property are paid or the authorization of the mortgagees is obtained.


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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. CONVEYANCE OF COMMON ELEMENTS. A house in a condo regimen and the concentrated interest of an apartment or condo owner in the typical components of the routine that are attributable to the house may not be conveyed individually. If a transportation of an apartment or condo does not describe the typical components, the undistracted interest of the apartment or condo owner in the basic and the minimal common aspects of the program attributable to the apartment is conveyed with the apartment or condo.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDOMINIUM REGIME. (a) By unanimous contract, or if the statement attends to termination by agreement of the proprietors, by contract of the owners of at least 67 percent or a mentioned portion in the declaration, whichever is higher, of the ownership passions in the condo, the proprietors of a structure in a condominium program may terminate the program and also request the area clerk of the area in which the routine lies to combine the records of the estates that make up the condominium regime, if any kind of financial institutions in whose part encumbrances against the building are tape-recorded concur to accept the wholehearted sections of the home had by the debtors as protection, offered no amendment might be made to an affirmation to minimize the have a peek at these guys vote needed for discontinuation of the condominium routine - apartments for rent near greenlake.(b) If a condominium regime is terminated, each house proprietor has a concentrated rate of interest in the typical building that represents the undivided rate of interest previously possessed by the apartment proprietor in the typical elements.(c) Residential property that has actually been removed from a condominium regime might be dedicated to one more condominium regime 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 CONDO DECLARATION. After a condominium declaration is videotaped with a county staff, the declaration may not be modified except at a conference of the home proprietors at which the amendment is accepted by the owners of at the very least 67 percent of the possession passions in the condominium.


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For the functions of this chapter, the house owners who possess at the very least 51 percent of the interests in a condo regimen, as identified under the affirmation, are a majority of the house proprietors. (a) More Info By resolution of a majority of the council of proprietors or in the fashion given or called for by the affirmation or laws, the council of proprietors might get the insurance it regards appropriate for the protection of the structures and the home owners.(b) Insurance coverage may be created in the name of the council of proprietors, or in the name of an individual assigned in the declaration or bylaws, as trustee for the apartment or condo owners and also their mortgagees.


Unless the council of proprietors all agrees otherwise, the insurance proceeds will be paid to the individual apartment proprietors or their mortgagees, as their rate of interest might show up, in percentage to the rate of interest of an apartment proprietor in the condominium regime 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 DOCUMENTS. (a) The administrator or board of administration of a condo program or a person selected by the laws of the program shall maintain a comprehensive composed account of the invoices and also expenditures associated to the building and its administration that specifies the expenses sustained by the regime.(b) The accounts and also supporting vouchers of a condo regime will be made available to the home owners for evaluation on functioning days at hassle-free, well-known, as well as openly introduced hrs.(c) visit this site right here Guides and also records of a condominium program have to conform with good audit treatments and also should be examined a minimum of once each year by an auditor that is not related to the condominium routine.

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