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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT POSSESSION. (a) An owner of an apartment in a condo routine owns it solely, and also the owner may have, communicate, or encumber the home, or subject it to judicial acts, independently of the other houses in the condominium regimen.(b) An individual title or interest in an apartment or condo in a condominium regimen is recordable.(c) The entire interest in the condo routine will be split amongst the houses.(d) An individual might own a home in a condominium program jointly or alike with others.(e) A condo association might not modify or ruin an apartment or condo or a restricted typical aspect without the approval of all owners affected and also the initial lien mortgagees of all affected proprietors.

1, eff. A proprietor of an apartment or condo in a condo regime shares ownership of the regime's usual aspects with the other home proprietors. An apartment or condo proprietor may use the common components according to their desired objectives, as revealed in the plat, declaration, or bylaws of the condo regimen, without interfering with the rights of the other home owners.

1, eff. (a) The possession of the basic and also the restricted common components of a condo program may not be judicially partitioned or separated while they are suitable for a condominium regimen.(b) An individual may not start an action for partition of the restricted or basic usual aspects of a condominium regime unless the home mortgages on the residential property are paid or the approval of the mortgagees is acquired.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. CONVEYANCE OF COMMON ELEMENTS. A home in a condominium regimen and the concentrated interest of a home owner in the usual elements of the program that are attributable to the apartment or condo may not be conveyed independently. If a transportation of an apartment or condo does not describe the typical components, the undivided passion of the apartment or condo owner in the basic as well as the minimal common aspects of the regime attributable to the home is shared with the apartment or condo.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDO PROGRAM. (a) By consentaneous agreement, or if the statement attends to discontinuation by arrangement of the owners, by arrangement of the owners of at least 67 percent or a specified percentage in the statement, whichever is higher, of the possession rate of interests in the condo, the owners of a structure in a condominium regimen might end the program and also request the county staff of the county in which the routine lies to combine the records of the estates that comprise the condominium program, if any creditors in whose behalf encumbrances against the structure are tape-recorded agree to approve the undivided portions of the home had by the debtors as protection, provided no change might be made to a statement to minimize the vote required for discontinuation of the condominium find this program - apartments near greenlake.(b) If a condo regime is terminated, each apartment official website proprietor has an undistracted rate of interest in the typical residential or commercial property that represents the undivided passion formerly had by the home proprietor in the typical elements.(c) Residential or commercial property that has been gotten rid of from a condo program may be dedicated to another condo program at any moment.


1, eff. MODIFICATION OF CONDO AFFIRMATION. After a condominium statement is videotaped with a region staff, the declaration might not be modified other than at a conference of the apartment or condo proprietors at which the change is accepted by the holders of at the very least 67 percent of the ownership interests in the condominium.

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For the objectives of this chapter, the house proprietors who have at the very least 51 percent of the passions in a condo regime, as identified under the statement, are a majority of the apartment owners. (a) By resolution of a majority of the council of owners or in the way supplied or called for by the statement or bylaws, the council of proprietors might obtain the insurance it regards suitable for the defense of the buildings and also the house proprietors.(b) Insurance might be composed in the name of the council of proprietors, or in the name of a person assigned in the statement or bylaws, as trustee for the house owners as well as their mortgagees.

Unless the council of proprietors with one voice agrees or else, the insurance proceeds will be paid to the specific home proprietors or their mortgagees, as their rate of interest might show up, symmetrical to the interest of an apartment owner in the condo routine 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 RECORDS. (a) The administrator or board of management of a condominium regimen or an individual designated by the laws of the regimen shall keep a detailed created account of the invoices and also expenditures connected to the structure and its administration that specifies the expenditures incurred by the routine.(b) The accounts and sustaining vouchers of a moved here condo routine shall be offered to the apartment proprietors for exam on working days at convenient, established, and publicly announced hours.(c) Guides and also records of a condominium program should conform with good audit treatments as well as have to be investigated a minimum of when each year by an auditor who is not related to the condominium regimen.

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