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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT POSSESSION. (a) An owner of an apartment or condo in a condo program possesses it solely, and also the owner might have, communicate, or encumber the home, or subject it to judicial acts, individually of the various other apartment or condos in the condo regime.(b) An individual title or passion in an apartment in a condominium regime is recordable.(c) The entire passion in the condo regime will be divided amongst the apartments.(d) An individual may have a home in a condominium program collectively or alike with others.(e) A condominium organization may not modify or damage a house or a restricted typical component without the approval of all proprietors affected and also the first lien mortgagees of all affected proprietors.

1, eff. A proprietor of a house in a condominium program shares possession of the routine's common aspects with the other house proprietors. An apartment proprietor may make use of the common elements according to their designated purposes, as shared in the plat, statement, or laws of the condo regime, without conflicting with the legal rights of the various other house owners.

1, eff. (a) The ownership of the basic and also the minimal common components of a condominium regime might not be judicially separated or divided while they are suitable for a condo routine.(b) An individual might not initiate an action for dividing of the restricted or basic common components of a condominium regime unless the home loans on the residential or commercial 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 COMPONENTS. An apartment or condo in a condominium program and also the undistracted passion of a house proprietor in the typical aspects of the regime that are attributable to the apartment or condo may not be communicated separately. If a transportation of a home does not refer to the usual elements, the undistracted interest of the home proprietor in the general and the minimal common elements of the regimen attributable to the home is communicated with the house.

(a) By consentaneous contract, or if the affirmation supplies for discontinuation by arrangement of the owners, by arrangement of the holders of at least 67 percent or a stated portion in the affirmation, whichever is higher, of the possession rate of interests in the condo, the owners of a building in a condo program might terminate the program as well as request the region staff of the region in which the regimen is situated to merge the documents of the estates that make up the condominium routine, if any financial institutions in whose behalf encumbrances against the structure are taped agree to accept the concentrated portions of the building had by the debtors as security, provided no change may be made to an affirmation to lower the ballot needed for termination of the condominium regime.(b) If a condominium program is terminated, each apartment or condo owner owns a concentrated passion in the usual residential property that matches to the wholehearted passion look at more info formerly had by the apartment or condo proprietor in the common aspects.(c) Residential property that has actually been removed from a condo routine may be committed to an additional condominium program 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. MODIFICATION OF CONDOMINIUM STATEMENT. After a condominium affirmation is videotaped with a county clerk, the affirmation might not be amended other than at a meeting of the house owners at which the amendment is authorized by the holders of a minimum of 67 percent of the possession rate of interests 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 a minimum of 51 percent of the rate of interests in a condo regimen, as identified under the statement, are a bulk of the apartment owners (modern apartments greenwood). Acts 1983, 68th Leg., p.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE. (a) By resolution of a bulk of the council of owners or in the fashion given or needed by the declaration or bylaws, the council of proprietors might acquire the insurance policy it regards ideal for the defense of the structures and also the apartment proprietors.(b) Insurance coverage might be created in the name of the council of owners, or for an individual designated in the affirmation or laws, as trustee for the house proprietors and their mortgagees.

Unless the council of owners unanimously concurs or else, the insurance proceeds shall be paid to the specific apartment owners or their mortgagees, as their interest may show up, in percentage to the passion of a home owner in the website link condo program as developed 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 manager or board of administration of a condominium routine or an individual designated by the bylaws of the regimen shall keep a detailed written account of the invoices as well as expenses connected to the building and also its administration that defines the expenses sustained by the regimen.(b) The accounts as well as sustaining vouchers of a condo regime will be offered to the here are the findings home proprietors for examination on working days at hassle-free, well-known, and also openly introduced hrs.(c) Guides and documents of a condominium regimen should follow excellent accounting procedures as well as must be examined at the very least when each year by an auditor who is not connected with the condominium regimen.

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