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(a) A proprietor of an apartment or condo in a condominium regimen owns it solely, and also the owner might possess, convey, or overload the house, or subject it to judicial acts, individually of the other houses in the condo regime.(b) A private title or passion in a house in a condo regime is recordable.(c) The entire rate of interest in the condo regime will be divided among the apartment or condos.


1, eff. An owner of an apartment or condo in a condo regimen shares possession of the regimen's usual components with the other house owners. A house owner might make use of the common elements according to their desired functions, as revealed in the plat, statement, or bylaws of the condominium regime, without interfering with the rights of the various other home proprietors.


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3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDING OF COMMON COMPONENTS. (a) The ownership of the basic and also the minimal common components of a condo routine may not be judicially segmented or split while they are appropriate for a condo regimen.(b) A person might not initiate an activity for partition of the minimal or basic usual components of a condo routine unless the home mortgages on the residential or commercial property are paid or the approval of the mortgagees is obtained.(c) A contract in contrast to this area is space.


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1, eff. An apartment in a condo regimen and the undivided passion of an apartment or condo proprietor in the typical aspects of the regimen that are attributable to the apartment or condo might not be shared independently. If a transportation of a home does not refer to the typical aspects, the undistracted interest of the home proprietor in the general as well as the restricted typical components of the regime attributable to the apartment or condo is shared with the house.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDO REGIMEN. (a) By unanimous contract, or if the affirmation provides for discontinuation by arrangement of the owners, by agreement of the owners of at the very least 67 percent or a mentioned percent in the declaration, whichever is better, of the ownership interests in the condo, the proprietors of a building in a condo regime might terminate the regime and request the region staff of the region in which the regime lies to merge the documents of find this the estates that consist of the condominium routine, if any financial institutions in whose behalf encumbrances versus the building are videotaped consent to accept the concentrated parts of the residential property possessed by the debtors as safety, gave no change might be made to a declaration to minimize the ballot needed for discontinuation of the condo regimen - apartments for rent near greenlake.(b) If a condominium program is ended, each home owner has an undistracted passion in the common residential or commercial property that represents the undivided interest previously had by the house proprietor in the typical elements.(c) Building that has actually been gotten rid of from a condominium regime may be committed to an additional condo program any time.




1, eff. CHANGE OF CONDOMINIUM AFFIRMATION. After a condominium declaration is taped with a region staff, the statement might not be amended other than at a conference of the apartment or condo owners at which the modification is approved by the holders of at least 67 percent of the ownership rate of interests in the condo.


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For the functions of this phase, the home owners that have at least 51 percent of the passions in a condo routine, as determined under the affirmation, are a bulk of the house proprietors. (a) By resolution of a majority click to read more of the council of owners or in the way provided or needed by the statement or laws, the council of owners may obtain the insurance it considers ideal for the defense of the buildings as well as the house owners.(b) Insurance policy may be written in the name of the council of owners, or in the name of an individual designated in read this the statement or bylaws, as trustee for the home proprietors and their mortgagees.


Unless the council of proprietors with one voice concurs otherwise, the insurance continues shall be paid to the specific home owners or their mortgagees, as their passion may appear, in proportion to the interest of a home owner in the condominium regime as developed by the affirmation. 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 manager or board of management of a condo program or a person designated by the bylaws of the regime will keep a detailed composed account of the invoices as well as expenditures related to the structure as well as its administration that defines the expenditures sustained by the regimen.(b) The accounts as well as supporting vouchers of a condo program will be made offered to the home proprietors for examination on working days at hassle-free, well established, as well as openly revealed hours.(c) Guides and documents of a condominium regime need to adhere to good audit treatments and have to be investigated at the very least once yearly by an auditor who is not connected with the condominium program.

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