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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT OWNERSHIP. (a) An owner of a house in a condominium regime owns it exclusively, and the owner might have, share, or overload the apartment or condo, or subject it to judicial acts, individually of the various other apartment or condos in the condo regime.(b) A specific title or passion in an apartment in a condo regime is recordable.(c) The whole rate of interest in the condominium regime will be split among the houses.(d) An individual may own a house in a condo regime jointly or in usual with others.(e) A condo association may not alter or damage an apartment or condo or a limited usual aspect without the permission of all proprietors affected as well as the very first lien mortgagees of all influenced owners.


3620, ch. 576, Sec - apartments for rent near greenlake. 1, eff. Jan. 1, 1984. Sec. 81. 107. INTERESTS IN COMMON ELEMENTS. An owner of a home in a condo regimen shares possession of the program's typical components with the various other apartment owners. A house proprietor might make use of the typical components according to their designated functions, as revealed in the plat, affirmation, or laws of the condominium program, without interfering with the civil liberties of the other apartment or condo owners.

 

 

 

1, eff. (a) The ownership of the general and also the limited usual aspects of a condominium program may not be judicially segmented or split while they are ideal for a condominium program.(b) An individual might not initiate an action for partition of the minimal or basic usual aspects of a condo routine unless the home mortgages on the property are paid or the authorization of the mortgagees is gotten.

 

 

 

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. TRANSPORTATION OF COMMON ASPECTS. A home in a condominium regimen and also the wholehearted rate of interest of a home owner in the typical components of the program that are attributable to the apartment or condo might not be shared independently. If a conveyance of a home does not describe the common aspects, the undivided interest of the apartment or condo owner in the general and the limited common elements of the program attributable to the apartment is conveyed with the apartment.


(a) By consentaneous arrangement, or if the affirmation provides for discontinuation by agreement of the owners, by arrangement of the holders of at the very least 67 percent or a specified percent in the statement, whichever is higher, of the ownership interests in the condominium, the owners of a building in a condominium regime might end the regimen and also request the county clerk of the area in which the regimen is situated have a peek at these guys to combine the documents of the estates that consist of the condo regimen, if any type of creditors in whose part encumbrances against the structure are videotaped concur to approve the undivided portions of the residential property had by the borrowers as safety, supplied no change may be made to a statement to minimize the ballot needed for termination of the condo routine.(b) If a condominium regime is ended, each apartment proprietor owns a wholehearted interest in the typical property that corresponds to the undistracted interest formerly owned by the home owner in the typical components.(c) Residential or commercial property that has actually been eliminated from a condo program might be devoted to another condo routine at any 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. CHANGE OF CONDOMINIUM DECLARATION. After a condominium affirmation is taped with a county clerk, the statement might not be modified except at a conference of the apartment or condo proprietors at which the amendment is approved by the holders of at least 67 percent of the ownership rate of interests in the condominium.

 

 

 

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For the objectives of this phase, the house proprietors that own at the very least 51 percent of the rate of interests in a condominium regime, as established under the statement, are a majority of the apartment or condo owners. (a) By resolution of a majority of the council of proprietors or in the manner provided or needed by news the declaration or bylaws, the council of proprietors might acquire the insurance it deems ideal for the protection of the structures as well as the apartment or condo proprietors.(b) Insurance policy may be created in the name of the council of proprietors, or in the name of a person marked in the statement or bylaws, as trustee for the house proprietors and their mortgagees.


Unless the council of owners all concurs or else, the insurance coverage proceeds will be paid to the specific house proprietors or their mortgagees, as their rate of interest might show up, symmetrical to the rate of interest of an apartment owner in the condo regime as established by the statement. 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 condo regimen or a person designated by the bylaws of the regime will maintain a thorough created account of the receipts and expenses associated with the structure as well as its administration that specifies the costs incurred by the regime.(b) check The accounts and sustaining vouchers of a condo routine shall be made available to the house proprietors for assessment on functioning days at practical, well established, and also publicly introduced hours.(c) The publications as well as records of a condo regimen need to abide by excellent accounting treatments as well as must be investigated at the very least when annually by an auditor who is not connected with the condo routine.