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(a) A proprietor of a house in a condo regime has it solely, and the proprietor may have, share, or overload the apartment or condo, or subject it to judicial acts, separately of the other homes in the condominium regimen.(b) An individual title or passion in a home in a condominium regime is recordable.(c) The whole rate of interest in the condo routine will be separated among the apartment or condos.

3620, ch. 576, Sec - new apartments greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. INTERESTS ALIKE COMPONENTS. A proprietor of an apartment in a condominium program shares ownership of the program's common aspects with the various other home owners. A house owner may use the usual components according to their desired purposes, as expressed in the plat, declaration, or laws of the condominium regimen, without disrupting the rights of the various other house owners.

1, eff. (a) The ownership of the basic as well as the restricted usual components of a condominium routine may not be judicially partitioned or divided while they are ideal for a condominium program.(b) A person may not start an action for dividing of the limited or basic common aspects of a condo regime unless the home mortgages on the residential or commercial property are paid or the authorization of the mortgagees is gotten.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. TRANSPORTATION OF COMMON ASPECTS. A house in a condominium program as well as the undistracted interest of a house owner in the typical aspects of the regime that are attributable to the house might not be shared separately. If a transportation of an apartment does not describe the usual aspects, the undistracted interest of the apartment proprietor in the general and the minimal usual aspects of the regime attributable to the house is conveyed with the home.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDOMINIUM REGIME. (a) By consentaneous arrangement, or if the affirmation offers discontinuation by arrangement of the proprietors, by agreement of the holders of at least 67 percent or a specified percentage in the declaration, whichever is better, of the possession rate of interests in the condo, the owners of a building in a condo routine might end the regimen and request the area clerk of the area in which the routine lies to combine the documents of the estates that consist of the condo regimen, if any creditors in whose part encumbrances versus the building are tape-recorded accept accept the wholehearted parts of the property owned by the borrowers as safety and security, offered no amendment might be made to a declaration to reduce the vote required for termination of the condominium program - modern apartments greenwood.(b) If a condo routine is terminated, each apartment owner has an undivided passion in the common building that corresponds to the undivided passion formerly possessed by the house proprietor in the usual components.(c) Residential or commercial property that has been gotten rid of from a condo regime may be devoted to an additional condo routine any time.


3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Modified by Acts 1989, 71st Leg., ch. 157, Sec. 1, eff. May 25, 1989. Sec. 81. 111. AMENDMENT OF CONDO DECLARATION. After a condominium statement is taped with an area staff, the affirmation might not be modified other than at a conference of the apartment or condo owners at which the change is approved by the holders of at the very least 67 percent of the possession rate of interests in the condo.

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For the purposes of this phase, the apartment proprietors who have at the very least 51 percent of the rate of interests in a condominium regime, as determined under the statement, are a bulk of the house proprietors. (a) By resolution of a majority of the council of owners or in the manner provided or visit this site right here needed by the affirmation or laws, the council of owners may obtain the insurance coverage it regards ideal for the security of the structures as well as the apartment or condo proprietors.(b) Insurance coverage might be created in the name of the council of proprietors, or in the name of an individual designated in the affirmation or laws, as trustee for the apartment or condo owners as well as their mortgagees.

Unless the council of owners with one voice concurs otherwise, the insurance continues shall be paid to the private apartment additional reading or condo owners or their mortgagees, as their rate of interest may appear, in proportion to the rate of interest of a house proprietor in the condo routine as established by the affirmation. (a) The manager or board of administration of a condo program or a person assigned by the bylaws of the visit this site right here regime shall keep a comprehensive written account of the receipts and also expenses related to the building and its management that defines the costs sustained by the routine.(b) The accounts and sustaining vouchers of a condominium regime shall be made offered to the apartment owners for evaluation on functioning days at hassle-free, well-known, and also publicly revealed hours.

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