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(a) An owner of a house in a condominium regime owns it exclusively, as well as the proprietor might possess, share, or encumber the apartment or condo, or subject it to judicial acts, individually of the other homes in the condominium routine.(b) An individual title or passion in a home in a condominium regime is recordable.(c) The whole rate of interest in the condominium regimen shall be split amongst the apartment or condos.

3620, ch. 576, Sec - apartments for rent near greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. INTERESTS ALIKE ELEMENTS. An owner of a home in a condo program shares possession of the routine's typical aspects with the other home proprietors. An apartment or condo proprietor might use the typical aspects according to their intended functions, as shared in the plat, declaration, or laws of the condo regime, without hindering the legal rights of the various other apartment or condo owners.

3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDING OF COMMON COMPONENTS. (a) The ownership of the basic and the limited usual aspects of a condo program may not be judicially segmented or separated while they are appropriate for a condo routine.(b) An individual may not initiate an action for dividers of the minimal or general usual elements of a condominium program unless the home loans on the residential or commercial property are paid or the permission of the mortgagees is obtained.(c) A contract unlike this section is void.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. TRANSPORTATION OF COMMON ELEMENTS. A house in a condo program and also the wholehearted passion of an apartment owner in the common aspects of the routine that are attributable to the house may not be conveyed separately. If a transportation of a house does not describe the typical components, the undivided interest of the home proprietor in the general and the restricted usual elements of the program attributable to the apartment is conveyed with the house.

(a) By unanimous agreement, or if the statement gives for termination by agreement of the proprietors, by agreement of the holders of at the very least 67 percent or a stated percent in the affirmation, whichever is better, of the ownership interests in the condominium, the owners of websites a building in a condominium regimen might end the program and also demand the area clerk of the area in which the program is situated to combine the records of the estates that comprise the condo program, if any creditors in whose part encumbrances against the structure are tape-recorded agree to approve the undistracted parts of the home owned by the debtors as safety, provided no amendment may be made to an affirmation to decrease the ballot needed for termination of the condo program.(b) If a condo regime is ended, each apartment or condo proprietor owns a wholehearted interest in the typical property that matches to the undivided interest previously possessed by the house owner in the usual elements.(c) Property that has been removed from a condo regimen may be devoted to an additional condominium routine at any time.


1, eff. MODIFICATION OF CONDOMINIUM AFFIRMATION. After a condominium statement is taped with a region clerk, the statement may not be modified except at a conference of the apartment or condo proprietors at which the website link change is authorized by the owners of at the very least 67 percent of the possession interests in the condo.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. VOTING MAJORITY. For the objectives of this phase, the apartment owners that own at the very least 51 percent of the passions in a condo regime, as figured out under the statement, are a bulk of the apartment proprietors (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 majority of the council of proprietors or in the manner provided or needed by the declaration or bylaws, the council of owners might acquire the insurance it regards appropriate for the protection of the structures and also the apartment owners.(b) Insurance coverage may be written in the name of the council try these out of proprietors, or in the name of an individual assigned in the declaration or laws, as trustee for the home proprietors and their mortgagees.

Unless the council of owners unanimously concurs or else, the insurance coverage continues will be paid to the private home owners or their mortgagees, as their rate of interest may show up, in proportion to the rate of interest of a home owner in the condominium program as established by the declaration. (a) The administrator or board of administration of a condo regimen or an individual designated by the laws of the routine shall keep a comprehensive created account of the receipts and expenditures connected to the building and its management that specifies the expenditures sustained by the regime.(b) The accounts as well as sustaining vouchers of a condominium program will be made offered to the apartment owners for assessment on functioning days at hassle-free, well-known, and also publicly introduced hours.

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