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(a) A proprietor of an apartment or condo in a condominium program has it specifically, and also the owner may possess, convey, or encumber the apartment or condo, or subject it to judicial acts, independently of the other houses in the condominium regime.(b) A specific title or rate of interest in an apartment in a condo regimen is recordable.(c) The entire interest in the condominium program shall be separated among the homes.

1, eff. A proprietor of a home in a condominium routine shares ownership of the regimen's usual components with the other apartment owners. An apartment or condo proprietor may use the usual components according to their intended objectives, as revealed in the plat, declaration, or bylaws of the condo regime, without conflicting with the legal rights of the various other apartment or condo owners.

3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDING OF COMMON ASPECTS. (a) The ownership of the general and the limited common components of a condo routine may not be judicially partitioned or divided while they appropriate for a condominium regime.(b) An individual might not initiate an action for dividers of the minimal or general usual aspects of a condo regimen unless the home mortgages on the residential property are paid or the consent of the mortgagees is obtained.(c) An agreement as opposed to this section is void.

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1, eff. An apartment or condo in a condo routine and also the undistracted rate of interest of a home owner in the usual aspects of the regimen that are attributable to the home might not be communicated individually. If a transportation of a home does not refer to the common aspects, the concentrated rate of interest of the home owner in the basic as well as the restricted common elements of the regime attributable to the home is conveyed with the home.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDO ROUTINE. (a) By consentaneous arrangement, or if the declaration supplies for termination by contract of the proprietors, by arrangement of the owners of a minimum of 67 percent or a mentioned portion in the statement, whichever is greater, of the possession interests in the condo, the owners of a building in a condo regimen may end the regime and demand the region staff of the county in which the program lies to combine the documents of the estates that make up the condominium program, if any lenders in whose behalf encumbrances against the structure are tape-recorded consent to accept the concentrated parts of the property possessed by the debtors as security, offered no modification may be made to a statement to lower the ballot required for discontinuation of the condo regimen - new apartments greenwood.(b) If a condominium routine review is ended, each home proprietor owns a concentrated interest in the typical residential property that represents the undivided passion formerly possessed by the apartment or condo proprietor in the usual components.(c) Building that has been gotten rid of from a condo regime might be dedicated to one more condominium regime at any moment.


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 AFFIRMATION. After a condominium declaration is videotaped with a region clerk, the affirmation might not be amended other than at a conference of the house owners at which the change is approved by the holders of at the very least 67 percent of the ownership interests in the condo.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. BALLOT MAJORITY. For the functions of this chapter, the house owners that possess at the very least 51 percent of the passions in a condominium routine, as determined under the affirmation, are a bulk of the apartment proprietors (apartments for rent near greenlake). Acts 1983, 68th Leg., p.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE POLICY. (a) By resolution of a majority of the council of proprietors or in the way provided or called for by the declaration or bylaws, the council of owners may obtain the insurance policy it considers proper for the protection of the structures and the house proprietors.(b) Insurance might be created in the name of the council of owners, or for a person assigned in the affirmation or laws, as trustee for blog the home owners as well Read More Here as their mortgagees.

Unless the council of proprietors with one voice concurs or else, the insurance policy proceeds will be paid to the specific house proprietors or their mortgagees, as their interest might appear, in proportion to the passion of a house owner in the condo routine as developed by the affirmation. (a) The administrator or board of administration of a condominium regimen or a person assigned by the laws of the regime shall keep a detailed composed account of the invoices and also expenses connected to the building as well as its management that defines the expenses incurred by the regimen.(b) The accounts as well as sustaining coupons of a condominium routine will be made available to the apartment proprietors for examination on working days at hassle-free, well established, and also publicly announced hours.

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