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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT OWNERSHIP. (a) A proprietor of a home in a condominium regime possesses it exclusively, and also the proprietor may have, communicate, or encumber the house, or subject it to judicial acts, separately of the various other houses in the condominium program.(b) A private title or interest in a home in a condo program is recordable.(c) The whole interest in the condominium regime shall be separated among the homes.(d) A person may possess a house in a condominium routine collectively or alike with others.(e) A condominium association might not change or destroy an apartment or condo or a minimal common element without the consent of all owners influenced and the very first lien mortgagees of all influenced proprietors.


1, eff. A proprietor of an apartment or condo in a condominium routine shares possession of the routine's usual components with the other apartment or condo proprietors. An apartment or condo proprietor may utilize the common elements according to their designated objectives, as revealed in the plat, declaration, or laws of the condo regime, without interfering with the legal rights of the various other apartment proprietors.


3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDING OF COMMON ELEMENTS. (a) The ownership of the general and also the limited common aspects of a condo program might not be judicially partitioned or separated while they appropriate for a condominium routine.(b) An individual may not initiate an activity for dividing of the minimal or basic typical components of a condo routine unless the home loans on the property are paid or the approval of the mortgagees is gotten.(c) An agreement contrary to this area is void.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. CONVEYANCE OF COMMON ASPECTS. An apartment in a condominium program and also the undistracted passion of a home owner in the common aspects of the routine that are attributable to the apartment may not be communicated independently. If a transportation of an apartment does not refer to the usual aspects, the concentrated interest of the house proprietor in the basic and the restricted usual aspects of the program attributable to the apartment or condo is conveyed with the house.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDO REGIME. (a) By unanimous agreement, or if the statement offers for termination by contract of the proprietors, by agreement of the holders of at least 67 percent or a specified percentage in the statement, whichever is greater, of the possession rate of interests in the condo, the owners of a building in a condo routine might end the regime as well as demand the county staff of the region in which the program is situated to combine the documents of the estates that more comprise the condo regime, if any type of lenders in whose behalf encumbrances against the structure are tape-recorded consent to approve the concentrated portions of the home had by the borrowers as safety, gave no amendment may useful source be made to an affirmation to decrease the ballot needed for discontinuation of the condominium program - modern apartments greenwood.(b) If a condo routine is ended, each apartment proprietor owns an undivided interest in the common residential or commercial property that represents the undistracted rate of interest formerly possessed by the apartment proprietor in the typical elements.(c) Residential or commercial property that has been gotten rid of from a condo program might be committed to another condominium regime at any type 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 CONDO STATEMENT. After a condo affirmation is recorded with an area staff, the declaration may not be changed except at a conference of the house owners at which the modification is accepted by the holders of at the very least 67 percent of the ownership interests in the condo.

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For the purposes of this phase, the home proprietors that possess at the very least 51 percent of the interests in a condo routine, as established under the declaration, are a majority of the apartment or condo proprietors. (a) By resolution of a bulk of the council of owners or in the fashion given or called for by the affirmation or laws, the council of proprietors may get the insurance policy it considers ideal for the security of the buildings as well as the apartment proprietors.(b) Insurance coverage might be written in the name of the council of owners, or in the name of an individual designated in the declaration or bylaws, as trustee for the house proprietors as well as their mortgagees.


Unless the council of owners with one voice concurs otherwise, the insurance coverage proceeds will be blog here paid to the specific house proprietors or their mortgagees, as their interest might show up, in proportion to the rate of interest of an apartment owner in the condo regimen as developed by the statement. (a) The manager or board of management of a condo regime or a person designated by the laws of the regimen will maintain a detailed composed account of the invoices as well as expenditures associated to the structure and also its management that specifies the expenses sustained by the program.(b) The accounts and also sustaining vouchers of a condo regimen will be made readily available to the apartment or condo proprietors for assessment on working days at convenient, well-known, and publicly revealed hours.