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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 condominium routine possesses it exclusively, and the proprietor may possess, convey, or overload the house, or subject it to judicial acts, separately of the various other homes in the condominium regimen.(b) A private title or passion in an apartment or condo in a condominium program is recordable.(c) The whole interest in the condo regime will be separated amongst the apartments.(d) A person may have a house in a condo regime jointly or in typical with others.(e) A condo organization may not modify or ruin an apartment or condo or a minimal usual element without the approval of all owners affected and also the initial lien mortgagees of all impacted owners.

3620, ch. 576, Sec - apartments for rent near greenlake. 1, eff. Jan. 1, 1984. Sec. 81. 107. RATE OF INTERESTS ALIKE ASPECTS. An owner of a home in a condo routine shares ownership of the program's common components with the other home owners. A home proprietor might utilize the usual components according to their intended objectives, as revealed in the plat, declaration, or bylaws of the condominium regime, without hindering the legal rights of the various other home owners.

1, eff. (a) The possession of the basic as well as the minimal common elements of a condominium regime might not be judicially separated or split while they are ideal for a condo routine.(b) An individual may not initiate an action for dividing of the limited or basic typical components of a condo program unless the home loans on the residential or commercial 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. TRANSPORTATION OF COMMON ASPECTS. A home in a condo regime as well as the undivided passion of a home proprietor in the usual elements of the regime that are attributable to the apartment may not be conveyed separately. If a transportation of an apartment does not refer to the usual components, the concentrated rate of interest of the apartment or condo proprietor in the basic and the limited common aspects of the regime attributable to the home is communicated with the apartment or condo.

(a) By unanimous arrangement, or if the declaration supplies for discontinuation by arrangement of the proprietors, by arrangement of the owners of at least 67 percent or a stated percentage in the declaration, whichever is higher, of the possession interests in the condominium, the proprietors of a structure in a condominium regimen may end the regime and also request the county staff of the county in which the routine is situated to merge the documents of the estates that make up the condo routine, if any kind of creditors in whose behalf encumbrances against the building are taped agree to accept the undistracted sections of the building possessed by the debtors as security, supplied no amendment may be made to an affirmation to reduce the vote required for termination of the condominium regime.(b) If a condominium program is ended, each apartment or condo go now owner owns a concentrated interest in the usual residential or commercial property that corresponds to the undistracted rate of interest previously had by go to this site the house owner in the typical aspects.(c) Home that has actually been gotten rid of from a condominium regime might be committed to another condominium routine at any type of 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. CHANGE OF CONDOMINIUM STATEMENT. After a condo declaration is taped with a county clerk, the affirmation might not be modified other than at a conference of the home owners at which the amendment is approved by the holders of a minimum of 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. BALLOT MAJORITY. For the objectives of this chapter, the apartment or condo owners that possess at the very least 51 percent of the interests in a condominium regimen, as identified under the affirmation, are a majority of the house proprietors (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 bulk of the council of proprietors or in the fashion provided or needed by the statement or bylaws, the council of owners may get the insurance policy it deems proper for the security of the buildings and also the apartment owners.(b) Insurance policy might be created in the name of the council of owners, or for an individual marked in the declaration or bylaws, as trustee for the home proprietors and their mortgagees.

Unless new apartments greenwood the council of owners unanimously concurs otherwise, the insurance coverage continues shall be paid to the private apartment or condo owners or their mortgagees, as their passion may show up, in proportion to the passion of a house owner in the condo program as developed by the affirmation. (a) The manager or board of administration of a condominium program or an individual assigned by the bylaws of the program will keep a comprehensive created account of the invoices and also expenses connected to the building as well as its management that defines the costs sustained by the regimen.(b) The accounts and sustaining coupons of a condominium regime will be made offered to the apartment owners for examination on working days at hassle-free, established, as well as publicly introduced hrs.

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