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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT POSSESSION. (a) A proprietor of an apartment or condo in a condominium program owns it solely, as well as the proprietor may possess, communicate, or overload the home, or subject it to judicial acts, independently of the other apartments in the condo routine.(b) A specific title or passion in an apartment in a condo regime is recordable.(c) The whole passion in the condo program will be separated amongst the apartment or condos.(d) A person may possess an apartment in a condo regimen jointly or alike with others.(e) A condominium association might not modify or ruin a house or a limited usual aspect without the approval of all owners influenced and also the initial lien mortgagees of all influenced proprietors.


3620, ch. 576, Sec - new apartments greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. PASSIONS IN COMMON ASPECTS. An owner of an apartment or condo in a condominium program shares possession of the regime's typical components with the other house proprietors. A house proprietor might use the typical elements according to their designated objectives, as expressed in the plat, statement, or bylaws of the condo regime, without disrupting the legal rights of the various other apartment owners.


3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDERS OF COMMON COMPONENTS. (a) The possession of the general as well as the limited typical components of a condominium regimen might not be judicially segmented or split while they are ideal for a condo regimen.(b) An individual may not initiate an action for dividing of the minimal or general typical components of a condominium regime unless the mortgages on the property are paid or the authorization of the mortgagees is gotten.(c) An agreement as opposed to this section is void.

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1, eff. An apartment or condo in a condo regimen and also the wholehearted passion of an apartment owner in the common elements of the regime that are attributable to the house may not be shared independently. If a conveyance of an apartment or condo does not refer to the typical components, the wholehearted interest of the house owner in the general and the limited common elements of the regime attributable to the apartment is conveyed with the apartment.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDOMINIUM ROUTINE. (a) By consentaneous reference agreement, or if the declaration gives for termination by agreement of the proprietors, by contract of the holders of at the very least 67 percent or a mentioned portion in the statement, whichever is greater, of the possession rate of interests in the condominium, the proprietors of a structure in a condominium program may terminate the regimen and demand the county staff of the county in which the regimen lies to merge the documents of the estates that make up the condominium regimen, if any type of creditors in whose part encumbrances versus the building are tape-recorded concur to accept the undivided sections of the home possessed by the borrowers as safety, provided no change might be made to image source an affirmation to reduce the ballot required for termination of the condo regimen - modern apartments greenwood.(b) If a condo routine is terminated, each house proprietor owns an undivided rate of interest in the usual property that represents the wholehearted rate of interest previously had by the house owner in the typical elements.(c) Home that has actually been removed from a condo routine might be dedicated to one more condo regimen at any time.




1, eff. CHANGE OF CONDO DECLARATION. After a condo affirmation is taped with a county staff, the declaration might not be modified except at a conference of the apartment or condo proprietors at which the change is accepted by go right here the holders of at least 67 percent of the ownership passions in the condominium.

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For the purposes of this phase, the house owners that own at the very least 51 percent of the passions in a condominium regime, as identified under the declaration, are a bulk of the home owners. (a) By resolution of a majority of the council of owners or in the way provided or required by the affirmation or laws, the council of proprietors may get the insurance policy it considers appropriate for the security of the buildings as well as the house proprietors.(b) Insurance coverage might be written in the name of the council of proprietors, or in the name of a person designated in the affirmation or bylaws, as trustee for the apartment or condo owners as well as their mortgagees.


Unless the council of proprietors all concurs otherwise, the insurance policy proceeds will be paid to the individual home owners or their mortgagees, as their passion may appear, symmetrical to the interest of a home owner 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. CONDO RECORDS. (a) The administrator or board of administration of a condominium program or a person selected by the laws of the program shall keep a comprehensive written account of the invoices and expenditures connected to the building and also its management that defines the expenses sustained by the routine.(b) The accounts as well as sustaining coupons of a condo routine shall be offered to the home proprietors for assessment on working days at convenient, recognized, and openly revealed hours.(c) Guides and also records of a condominium regime have to adhere to excellent bookkeeping treatments as well as should be audited at the very least once each year by an auditor that is not associated with the condo routine.