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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT OWNERSHIP. (a) A proprietor of an apartment in a condo regime has it exclusively, and also the proprietor might possess, convey, or encumber the home, or subject it to judicial acts, independently of the various other houses in the condo regime.(b) A private title or rate of interest in an apartment or condo in a condominium regime is recordable.(c) The whole interest in the condo routine shall be separated amongst the houses.(d) An individual might own a house in a condo regimen jointly or alike with others.(e) A condo association might not alter or damage a home or a minimal typical component without the authorization of all owners affected as well as the first lien mortgagees of all influenced owners.


1, eff. A proprietor of a home in a condo regimen shares possession of the regimen's usual aspects with the various other apartment or condo owners. A house proprietor might use the common elements according to their desired objectives, as revealed in the plat, affirmation, or laws of the condo regimen, without interfering with the legal rights of the other apartment proprietors.


3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDERS OF COMMON ASPECTS. (a) The ownership of the basic as well as the restricted typical aspects of a condo regimen might not be judicially segmented or split while they are appropriate for a condominium regime.(b) An individual may not initiate an activity for dividers of the restricted or general common aspects of a condominium regime unless the mortgages on the residential property are paid or the approval of the mortgagees is acquired.(c) An agreement unlike this section is void.

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1, eff. A house in a condominium regime and also the wholehearted passion of a home proprietor in the typical elements of the regime that are attributable to the home might not be communicated separately. If a transportation of a home does not refer to the common components, the wholehearted rate of interest of the house owner in the basic as well as the limited usual components of the program attributable to the house is shared with the home.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDOMINIUM REGIMEN. (a) By unanimous agreement, or if the statement offers discontinuation by contract of the proprietors, by arrangement of the holders of at the very least 67 percent or a stated percent in the statement, whichever is greater, of the possession interests in the condo, the click here now owners of a structure in a condominium regimen may end the routine and demand the county staff of the county in which the regime is situated to merge the documents of the estates that make up the condominium regime, if any kind of financial institutions in whose behalf encumbrances versus the building are taped concur to accept the concentrated portions of the residential or commercial property possessed by the debtors as protection, supplied no modification might be made to a statement to reduce the vote needed for termination of the condo routine - apartments for rent near greenlake.(b) If a condo program is ended, each apartment or condo proprietor possesses an undistracted interest in the common residential property that corresponds to the undivided rate of interest previously had by the house proprietor in the common aspects.(c) Residential property that has actually been eliminated from a condominium program may be dedicated to an additional condominium routine 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. AMENDMENT OF CONDO STATEMENT. After a condo affirmation is videotaped with a region clerk, the affirmation might not be amended other than at a meeting of the apartment or condo owners at which the change is official website approved by the holders of Going Here at the very least 67 percent of the possession passions in the condominium.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. BALLOT MAJORITY. For the purposes of this chapter, the apartment or condo owners who possess at the very least 51 percent of the rate of interests in a condominium regimen, as figured out 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 COVERAGE. (a) By resolution of a majority of the council of proprietors or in the manner supplied or called for by the statement or laws, the council of owners may get the insurance coverage it considers proper for the defense of the structures and the apartment proprietors.(b) Insurance coverage might be composed in the name of the council of owners, or for an individual assigned in the declaration or laws, as trustee for the apartment or condo proprietors and their mortgagees.


Unless the council of proprietors unanimously agrees otherwise, the insurance proceeds will be paid to the individual apartment or condo proprietors or their mortgagees, as their passion might show up, in percentage to the interest of a home proprietor in the condominium routine as developed by the declaration. 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 manager or board of administration of a condominium regimen or an individual assigned by the bylaws of the program will maintain a thorough written account of the invoices and expenses connected to the building and its management that specifies the expenses incurred by the regime.(b) The accounts and supporting vouchers of a condo regime shall be made readily available to the apartment or condo owners for evaluation on working days at convenient, established, and also publicly announced hrs.(c) The books and documents of a condominium program have to adhere to excellent accounting procedures and also need to be investigated at the very least once each year by an auditor that is not connected with the condo regimen.