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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT OWNERSHIP. (a) An owner of a home in a condo regimen possesses it specifically, as well as the owner might have, convey, or overload the apartment, or subject it to judicial acts, separately of the other apartments in the condominium program.(b) A specific title or interest in a house in a condominium routine is recordable.(c) The whole interest in the condo routine shall be separated amongst the homes.(d) A person might possess a home in a condo program jointly or alike with others.(e) A condo association might not modify or ruin an apartment or a minimal common element without the permission of all owners influenced and the first lien mortgagees of all influenced proprietors.3620, ch. 576, Sec - new apartments greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. PASSIONS ALIKE ASPECTS. A proprietor of a home in a condo routine shares ownership of the regimen's typical components with the other apartment proprietors. A house proprietor might utilize the typical components according to their intended purposes, as shared in the plat, statement, or laws of the condo routine, without conflicting with the civil liberties of the other apartment or condo proprietors.
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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. TRANSPORTATION OF COMMON ELEMENTS. An apartment or condo in a condo regime as well as the wholehearted interest of an apartment or condo owner in the common elements of the regimen that are attributable to the apartment may not be conveyed individually. If a conveyance of a house does not refer to the usual components, the undivided interest of the home proprietor in the basic as well as the minimal common aspects of the regime attributable to the apartment or condo is communicated with the house.
3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDOMINIUM REGIMEN. (a) By YOURURL.com unanimous arrangement, or if the declaration attends to termination by agreement of the proprietors, by agreement of the owners of at the very least 67 percent or a specified percentage in the affirmation, whichever is greater, of the possession interests in the condominium, the proprietors of a building in a condominium routine may end the routine and request the region staff of the region in which the regime lies to combine the documents of the estates that make up the condominium routine, if any financial institutions in whose behalf encumbrances versus the building are taped accept approve the undivided parts of the residential or commercial property possessed by the debtors as safety and security, gave no change might be made to a declaration to minimize the ballot required for termination of the condo regimen - apartments for rent near greenlake.(b) If a condominium regimen is terminated, each apartment owner possesses a concentrated passion in the common residential or commercial property that matches to the undivided rate of interest formerly possessed by the home owner in the typical components.(c) Residential or commercial property that has been gotten rid of you can try here from a condo regime may be devoted to an additional condo program at any kind 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. MODIFICATION OF CONDOMINIUM AFFIRMATION. After a condo statement is tape-recorded with an area clerk, the declaration might not be modified except at a meeting of the apartment proprietors at which the amendment is approved by the owners of a minimum of 67 percent of the possession passions in the condo.
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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. VOTING MAJORITY. For the functions of this phase, the house owners that possess at least 51 percent of the passions in a condominium regimen, as established under the declaration, are a bulk of the apartment proprietors (modern apartments greenwood). 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 way offered or required by the statement or bylaws, the council of owners may acquire the insurance it deems ideal for look at here now the defense of the structures as well as the apartment or condo owners.(b) Insurance coverage might be created in the name of the council of proprietors, or in the name of a person assigned in the declaration or laws, as trustee for the home owners and their mortgagees.
Unless the council of proprietors all concurs otherwise, the insurance proceeds will be paid to the private home owners or their mortgagees, as their rate of interest might appear, symmetrical to the interest of an apartment owner in the condominium routine as established 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 DOCUMENTS. (a) The manager or board of management of a condo program or an individual assigned by the laws of the program will maintain a thorough composed account of the receipts as well as expenditures associated with the building and also its management that specifies the expenditures incurred by the regime.(b) The accounts and supporting coupons of a condo regime will be made available to the home proprietors for evaluation on working days at hassle-free, well-known, as well as openly revealed hours.(c) The books as well as records of a condo regimen have to follow good accounting procedures and also have to be examined at the very least when yearly by an auditor who is not associated with the condominium regimen.