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(a) A proprietor of an apartment in a condominium regimen possesses it solely, and also the owner may possess, share, or encumber the home, or subject it to judicial acts, independently of the various other apartment or condos in the condominium routine.(b) A private title or passion in a home in a condominium routine is recordable.(c) The entire rate of interest in the condominium program will be divided among the apartment or condos.


1, eff. An owner of a home in a condo routine shares ownership of the regime's common elements with the various other home owners. A house owner may use the usual components according to their desired purposes, as shared in the plat, statement, or bylaws of the condo regime, without interfering with the rights of the other home proprietors.


1, eff. (a) The ownership of the basic as well as the limited common aspects of a condominium routine may not be judicially separated or separated while they are ideal for a condominium regimen.(b) A person might not initiate an action for dividing of the minimal or general common aspects of a condominium regime unless the home mortgages on the residential property are paid or the authorization of the mortgagees is obtained.

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1, eff. An apartment or condo in a condo routine and also the undistracted rate of interest of an apartment or condo owner in the typical aspects of the routine that are attributable to the apartment or condo might not be communicated independently. If a conveyance of an apartment does not refer to the usual elements, the wholehearted interest of the apartment owner in the general and the minimal typical elements of the program attributable to the apartment or condo is communicated with the apartment.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDO PROGRAM. (a) By unanimous agreement, or if the declaration offers discontinuation by arrangement of the proprietors, by agreement of the holders of at the very least 67 percent or a stated percent in the declaration, whichever is greater, of the ownership rate of interests in the condominium, the owners of a building in a condominium routine might end the regime and request the area staff of the county in which the regime lies to merge the documents of the estates that consist of the condo regimen, if any type of financial institutions in whose part encumbrances versus the building are taped concur to accept the concentrated portions of the residential or commercial property owned by the borrowers as safety, supplied no modification might be made to a declaration to minimize the vote needed for discontinuation of the condominium regimen - modern apartments greenwood.(b) If a condo routine is terminated, each check these guys out apartment or condo proprietor has an undistracted interest in the common property that corresponds to the undistracted passion formerly owned by the house proprietor in the usual aspects.(c) Residential property that has been removed from a condo regimen might be devoted to another condominium regime at any type 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. AMENDMENT OF CONDOMINIUM DECLARATION. After a condo statement is videotaped with a county clerk, the affirmation may not be changed other than at a meeting of the home owners at which the change is approved by the holders of a minimum of 67 percent of the possession rate of interests in the condo.

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For the purposes of this phase, the apartment find more information or condo owners who possess at least 51 percent of the rate of interests in a condo routine, as identified under the affirmation, are a bulk of the apartment proprietors. (a) By resolution of a bulk of the council of proprietors or in the manner given or needed by the affirmation or bylaws, the council of owners might obtain the insurance policy it considers that site proper for the security of the structures and the apartment proprietors.(b) Insurance may 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 apartment proprietors and also their mortgagees.


Unless the council of proprietors with one voice concurs otherwise, the insurance coverage continues will be paid to the individual house proprietors or their mortgagees, as their passion may appear, in proportion to the passion of a house proprietor in the condo routine as established by the declaration. (a) The administrator or board of administration of a condo routine or a person selected by the laws of the routine will maintain a detailed written account of the receipts and expenditures connected to the building and also its management that specifies the costs incurred by the program.(b) The accounts and supporting coupons of a condominium program shall be made offered to the apartment or condo owners for evaluation on working days at hassle-free, recognized, and also openly revealed hrs.