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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT OWNERSHIP. (a) An owner of an apartment in a condominium routine owns it exclusively, and also the proprietor may have, share, or encumber the home, or subject it to judicial acts, individually of the other homes in the condominium regime.(b) An individual title or rate of interest in a home in a condo regimen is recordable.(c) The entire passion in the condominium program will be divided amongst the apartment or condos.(d) An individual might possess an apartment in a condo program collectively or alike with others.(e) A condo association may not alter or destroy an apartment or condo or a restricted usual component without the approval of all proprietors influenced and the very first lien mortgagees of all influenced owners.

1, eff. A proprietor of a home in a condo program shares possession of the regime's typical elements with the other apartment owners. A house owner might utilize the usual aspects according to their designated functions, as expressed in the plat, statement, or bylaws of the condominium routine, without conflicting with the legal rights of the other apartment owners.

1, eff. (a) The possession of the general and the minimal usual components of a condo program may not be judicially separated or separated while they are ideal for a condominium regimen.(b) An individual might not launch an action for dividers of the restricted or general typical elements of a condo program unless the home loans on the property are paid or the permission of the mortgagees is acquired.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. TRANSPORTATION OF COMMON COMPONENTS. A house in a condo regimen and also the undistracted passion of an apartment owner in the typical elements of the routine that are attributable to the home might not be shared independently. If a transportation of a home does not describe the usual elements, the undistracted rate of interest of the apartment proprietor in the basic as well as the limited usual aspects of the program attributable to the apartment or condo is conveyed with the home.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDO REGIME. (a) By consentaneous contract, or if the affirmation offers discontinuation by agreement of the owners, by arrangement of the owners of a minimum of 67 percent or a specified percentage in the statement, whichever is better, of the possession passions in the condominium, the owners of a structure in a condo regime may terminate the routine and also demand the region staff of the county in which the routine lies to combine the documents of the estates that comprise the condominium program, if any financial institutions in whose part encumbrances versus the building are videotaped accept accept the undistracted sections of the home had by the borrowers as security, gave no change might be made to a declaration to lower the ballot needed for discontinuation of the condo routine - modern apartments resource greenwood.(b) If a condominium regimen is terminated, each house owner owns a wholehearted passion in the typical property that represents the wholehearted passion previously owned by the apartment proprietor in the common elements.(c) Building that has been gotten rid of from a condominium program might be dedicated to another condominium program at any moment.


3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Changed by Acts 1989, 71st Leg., ch. 157, Sec. 1, eff. May 25, 1989. Sec. 81. 111. AMENDMENT OF CONDOMINIUM AFFIRMATION. After a condominium affirmation is tape-recorded with an area staff, the affirmation might not be changed except at a conference of the house owners at which the change is authorized by the owners of at least 67 percent of the ownership rate of interests in the condominium.

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For the functions of this chapter, the home proprietors that own at the very least 51 percent of the rate of interests in a condominium program, as established under the declaration, are a bulk of the apartment owners. (a) By resolution of a bulk of the council of proprietors or in the fashion given or needed by the affirmation or laws, the council of owners might obtain the insurance policy it deems suitable for the security of the buildings and also the home owners.(b) Insurance coverage may be created in the name of the council of proprietors, or in the name of a person marked in the statement or laws, as trustee for the house owners and their mortgagees.

Unless the council of proprietors with one voice agrees otherwise, the insurance coverage continues will be paid to the private house proprietors or their mortgagees, as their interest may appear, in proportion to the interest of an apartment proprietor in the condominium program as developed by the statement. (a) The manager or board of management of a condo regime or an individual appointed by the bylaws of the routine shall maintain a comprehensive composed account of the receipts and also expenses associated to the building and also its management that specifies the expenses sustained go to these guys by the routine.(b) article source The accounts and supporting coupons of a condo regime will be made available to the home owners for examination on functioning days at practical, well established, as well as openly announced hrs.

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