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(a) A proprietor of a house in a condominium regime owns it specifically, as well as the proprietor might have, communicate, or encumber the home, or subject it to judicial acts, individually of the other houses in the condo regimen.(b) An individual title or rate of interest in a house in a condo regime is recordable.(c) The entire rate of interest in the condo routine will be divided amongst the houses.


1, eff. A proprietor of a house in a condominium regime shares possession of the regime's typical aspects with the various other apartment proprietors. An apartment proprietor might make use of the typical elements according to their desired purposes, as shared in the plat, affirmation, or laws of the condo routine, without conflicting with the civil liberties of the other apartment or condo proprietors.


3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDING OF COMMON COMPONENTS. (a) The ownership of the basic as well as the minimal common aspects of a condominium routine may not be judicially partitioned or separated while they appropriate for a condo regimen.(b) A person may not start an action for partition of the minimal or basic typical components of a condo routine unless the mortgages on the building are paid or the approval of the mortgagees is obtained.(c) An agreement unlike this section is gap.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. TRANSPORTATION OF COMMON ELEMENTS. A home in a condo routine and the wholehearted interest of a house proprietor in the usual elements of the regimen that are attributable to the apartment or condo might not be shared separately. If a conveyance of a house does not refer to the typical components, the concentrated interest of the apartment or condo proprietor in the basic and also the limited typical aspects of the routine attributable to the home is shared with the home.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDO REGIME. (a) By consentaneous contract, or if the affirmation offers discontinuation by arrangement of the owners, by arrangement of the owners of at least 67 percent or a stated percent in the affirmation, whichever is greater, of the possession interests in the condominium, the owners of a structure in a condo routine may end the program and also demand the region staff of the region in which the regimen lies to merge the records of the estates that make up the condo regime, if any type of creditors in whose behalf encumbrances against the structure are taped concur to accept the wholehearted sections of the property possessed by the debtors as protection, supplied no change may be made to a statement to lower the ballot required for termination of the condo regime - modern apartments greenwood.(b) If a condominium program is terminated, each house proprietor has a wholehearted passion in the usual residential property that represents the undistracted passion previously had by the apartment or condo owner in the typical aspects.(c) Residential property that has actually been gotten rid of from a condo regime may be dedicated to one more condominium routine at any type of time.




1, eff. AMENDMENT OF CONDOMINIUM STATEMENT. After a condo declaration is taped with an area clerk, the statement might not be amended other than at a meeting of the apartment owners at which the amendment is approved by the owners of at the very least 67 percent of the ownership passions in the condo.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. BALLOT MAJORITY. For the try this site purposes of this chapter, the apartment owners that possess a minimum of 51 percent of the passions in a condominium program, as about his established under the affirmation, are a majority of the house proprietors (apartments for rent near greenwood). Acts 1983, 68th Leg., p.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE POLICY. (a) By resolution of a majority of the council of proprietors or in the way offered or required by the affirmation or laws, the council of proprietors might acquire the insurance it deems suitable for the security of the structures and also the apartment owners.(b) Insurance policy may be created in the name of the council of owners, or for an individual designated in the declaration or laws, as trustee for the home owners as well as their mortgagees.


Unless the council of proprietors unanimously concurs or else, the insurance coverage proceeds will be paid to the individual house proprietors or their mortgagees, as their interest might show up, in percentage to the passion of an apartment owner in the condominium regimen as established by the declaration. Acts 1983, 68th Leg., p.

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3623, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 209. CONDOMINIUM RECORDS. (a) The administrator or board of management of a condo regimen or a person selected by the bylaws of the regime shall keep an in-depth written account of the receipts and also expenditures connected to the building as well as its management that defines over at this website the expenses sustained by the regimen.(b) The accounts and also supporting vouchers of a condominium regime will be provided to the apartment or condo proprietors for assessment on working days at hassle-free, well-known, as well as publicly revealed hrs.(c) Guides as well as documents of a condominium program should adhere to great accountancy treatments as well as must be audited at the very least as soon as yearly by an auditor who is not connected with the condominium regime.