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(a) An owner of an apartment or condo in a condo routine possesses it specifically, and the proprietor may have, communicate, or overload the house, or subject it to judicial acts, individually of the other homes in the condominium regime.(b) An individual title or passion in an apartment or condo in a condominium routine is recordable.(c) The entire interest in the condo regimen will be split amongst the houses.


1, eff. An owner of a home in a condo regimen shares ownership of the routine's common elements with the various other house proprietors. An apartment proprietor may utilize the common aspects according to their intended functions, as revealed in the plat, affirmation, or laws of the condominium regimen, without conflicting with the rights of the other apartment proprietors.


1, eff. (a) The possession of the general and the minimal common components of a condo routine might not be judicially segmented or split while they are suitable for a condo regime.(b) A person might not launch an activity for dividing of the restricted or general common components of a condo regimen unless the mortgages on the home are paid or the authorization of the mortgagees is gotten.

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1, eff. A house in a condo regime and the undivided passion of an apartment or condo proprietor in the common elements of the regime that are attributable to the apartment may not be conveyed individually. If a conveyance of an apartment or condo does not refer to the typical aspects, the concentrated interest of the house owner in the general and also the restricted usual components of the program attributable to the apartment is shared with the home.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDO REGIME. (a) By unanimous arrangement, or if the statement offers for discontinuation by arrangement of the proprietors, by contract of the holders of at least 67 percent or a stated percentage in the affirmation, whichever is greater, of the possession rate of interests in the condo, the owners of a structure in a condominium regimen might terminate the program and also demand the county clerk of the county in which the regime lies to combine the records of the estates that make up the condo program, if any kind of creditors in whose part encumbrances versus the structure are taped consent to approve the undistracted sections of the residential property had by the borrowers as security, offered no modification might be made to a statement to decrease the ballot required for discontinuation of the condo regime - modern apartments greenwood.(b) If a condominium program is ended, each house proprietor possesses a wholehearted passion in the click resources common property that represents the wholehearted rate of interest previously owned by the apartment or condo owner in the typical components.(c) Property that has actually been eliminated from a condo regimen might be devoted to another condo regime any time.




1, eff. MODIFICATION OF CONDOMINIUM DECLARATION. After a condominium statement is recorded with a region clerk, the statement may not be modified except at a meeting of the apartment owners at which the modification is approved by the holders of at least 67 percent of the possession rate of interests in the condo.

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For the functions of this chapter, the apartment or condo proprietors who possess at least 51 percent of the passions in a condo regime, as established under the statement, are a majority of the home owners. (a) By resolution of a bulk of the council of proprietors or in the fashion given or called for by the declaration or laws, the council of owners might get the insurance policy it deems ideal for the security of the buildings as well as the home proprietors.(b) Insurance may be composed in the name of the council of proprietors, or in the name of an individual assigned in the declaration or laws, as trustee for the house proprietors and their mortgagees.


Unless the council of proprietors with one voice concurs otherwise, click this the insurance policy continues will be paid to the specific apartment or condo owners or their mortgagees, as their interest may show up, symmetrical to the rate of interest of a home proprietor in the condo routine as established by the affirmation. Acts 1983, 68th Leg., p.

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3623, ch. 576, Sec. 1, eff. look here Jan. 1, 1984. Sec. 81. 209. CONDO DOCUMENTS. (a) The manager or board of administration of a condominium regime or an individual selected by the bylaws of the routine shall maintain a comprehensive created account of the receipts and expenditures connected to the structure as well as its administration that specifies the expenses sustained by the regime.(b) The accounts and also supporting vouchers of a condo routine shall be made available to the apartment proprietors for assessment on functioning days at convenient, well established, and also publicly introduced hours.(c) The books as well as records of a condominium regimen should abide by great audit procedures and also must be investigated at the very least as soon as each year by an auditor that is not related to the condo program.