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(a) An owner of an apartment or condo in a condo regimen possesses it exclusively, and also the proprietor might possess, share, or encumber the home, or subject it to judicial acts, separately of the other houses in the condominium regime.(b) A specific title or interest in an apartment in a condominium regime is recordable.(c) The whole interest in the condo program shall be separated amongst the apartments.


1, eff. A proprietor of an apartment or condo in a condo regimen shares ownership of the routine's typical aspects with the various other apartment or condo owners. An apartment owner may use the typical elements according to their desired functions, as revealed in the plat, declaration, or laws of the condominium regime, without interfering with the civil liberties of the other apartment owners.


1, eff. (a) The possession of the general and also the minimal typical components of a condo routine may not be judicially segmented or divided while they are appropriate for a condominium regimen.(b) An individual might not initiate an action for partition of the limited or general typical components of a condominium regimen unless the home mortgages on the residential property are paid or the authorization of the mortgagees is obtained.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. TRANSPORTATION OF COMMON ELEMENTS. An apartment in a condo program and also the undivided interest of an apartment proprietor in the usual elements of the regimen that are attributable to the home might not be conveyed independently. If a conveyance of an apartment or condo does not describe the common components, the undistracted passion of the home proprietor in the general and also the minimal common aspects of the program attributable to the home is conveyed with the apartment or condo.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDOMINIUM PROGRAM. (a) By unanimous arrangement, or if the declaration attends to termination by agreement of the proprietors, by arrangement of the holders of a minimum of 67 percent or a specified portion in the declaration, whichever is greater, of the ownership passions in the condominium, the proprietors of a structure in a condominium routine might terminate the routine and also request the area clerk of the area in which the regime why not try this out is located to merge the records of the estates that consist of the condominium program, if any financial institutions in whose behalf encumbrances against the structure are recorded agree to accept the concentrated parts of the residential property possessed by the debtors as security, offered no amendment might be made to an affirmation to decrease the vote needed for termination of the condo routine - new apartments greenwood.(b) If a condo program is ended, each apartment proprietor possesses a concentrated interest in the typical residential or commercial property that represents the undivided passion formerly possessed by the home proprietor in the usual elements.(c) Property that has been gotten rid of from a condominium program might be committed to another condominium routine at any moment.




1, eff. AMENDMENT OF CONDO STATEMENT. After a condominium declaration is taped with a region clerk, the declaration might not be changed other than at a conference of the apartment owners at which the modification is accepted by the holders of at least 67 percent of the ownership interests in the condominium.

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For the objectives of this chapter, the apartment owners who own at least 51 percent of the interests in a condo program, as determined under the affirmation, are a bulk of the house owners. (a) By resolution of a bulk of the council of proprietors or in the manner supplied or needed by the statement or laws, the council of proprietors might get the insurance it deems appropriate for the defense of the buildings and also the apartment or condo owners.(b) Insurance coverage might be written in the name of the council of owners, or in the name of an individual assigned in the statement or bylaws, as trustee for the apartment proprietors as well as their mortgagees.


Unless the council of owners all concurs or else, the insurance coverage continues will be paid to the individual apartment or condo proprietors or their mortgagees, as learn this here now their interest might show up, in proportion to the passion of a home proprietor in the condominium regimen 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. CONDOMINIUM DOCUMENTS. (a) The administrator or board of administration of a condominium program or an individual designated by the laws of the regime will keep an in-depth composed my explanation account of the receipts as well as expenses related to the building and also its management that specifies the expenses sustained by the regime.(b) The accounts and also sustaining coupons of a condo regime shall be offered to the house owners for exam on functioning days at convenient, well established, and openly introduced hrs.(c) The books and also documents of a condominium program must conform with great accounting procedures and also have to be investigated at the very least as soon as annually by an auditor who is not connected with the condominium regime.