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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT POSSESSION. (a) A proprietor of an apartment in a condo regimen owns it exclusively, and the proprietor may possess, share, or encumber the house, or subject it to judicial acts, independently of the other homes in the condo program.(b) An individual title or interest in an apartment in a condo regimen is recordable.(c) The whole interest in the condominium regimen will be divided among the homes.(d) An individual might possess a house in a condo program collectively or alike with others.(e) A condo organization may not change or ruin a home or a restricted typical component without the consent of all owners affected as well as the initial lien mortgagees of all impacted owners.


3620, ch. 576, Sec - modern apartments greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. RATE OF INTERESTS ALIKE ASPECTS. A proprietor of a house in a condo routine shares ownership of the program's common components with the various other home proprietors. An apartment owner may use the usual aspects according to their designated purposes, as revealed in the plat, statement, or laws of the condo regime, without hindering the rights of the various other home owners.


3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. PARTITION OF COMMON COMPONENTS. (a) The ownership of the general and the minimal typical aspects of a condo regimen might not be judicially segmented or separated while they appropriate for a condominium regime.(b) A person may not initiate an activity for dividing of the restricted or general usual components of a condominium program unless the home mortgages on the residential or commercial property are paid or the permission of the mortgagees is obtained.(c) An arrangement contrary to this section is void.

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1, eff. A house in a condo regimen as well as the wholehearted interest of a home proprietor in the usual aspects of the routine that are attributable to the apartment may not be conveyed separately. If a transportation of an apartment or condo does not refer to the common aspects, the undivided interest of the house proprietor in the general as well as the limited common components of the regimen attributable to the apartment is communicated with the apartment.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDOMINIUM REGIMEN. (a) By consentaneous contract, or if the declaration offers termination by contract of the owners, by contract of the holders of at the very least 67 percent or a stated portion in the statement, whichever is better, of the possession passions in the condominium, the proprietors of a structure in a condo program may end the regimen as well as request the county clerk of the region in which the regimen lies to combine the records of the estates that consist of the condo regime, if any kind of creditors in whose More about the author behalf encumbrances against the structure are recorded accept accept the concentrated parts of the property owned by the debtors as security, gave no change may be made to an affirmation to decrease the ballot needed for termination of the condo regime - modern apartments greenwood.(b) If a condo program is terminated, each house proprietor possesses a concentrated interest in the typical home that represents the concentrated interest formerly owned by the apartment owner in the usual elements.(c) Building that has been removed from a published here condominium regimen might be committed to one more condo regimen any time.




3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1989, 71st Leg., ch. 157, Sec. 1, eff. May 25, 1989. Sec. 81. 111. AMENDMENT OF CONDO STATEMENT. After a condo declaration is taped with a county staff, the statement might not be modified except at a conference of the house owners at which the change is approved by the owners of at the very least 67 percent of the ownership rate of interests in the condo.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. BALLOT BULK. For the purposes of this phase, the apartment or condo owners that own at the very least 51 percent of the interests in a condominium routine, as determined under the statement, are a bulk of the house owners (apartments for rent near greenwood). Acts 1983, 68th Leg., p.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE COVERAGE. (a) By resolution of a bulk of the council of owners or in the way given or called for by the statement or laws, the council of owners might obtain the insurance policy it regards ideal for the protection of the buildings and also the house proprietors.(b) Insurance may be written in the name of the council of owners, or in the name of an individual assigned in the statement or laws, as trustee for the home proprietors and also their mortgagees.


Unless the council of proprietors all concurs otherwise, the insurance proceeds will be paid to the specific apartment or condo proprietors or their mortgagees, as their passion might appear, in percentage to the interest of an apartment owner in the condo program as established by the declaration. (a) The administrator or board of administration of a condominium Home Page routine or a person appointed by the laws of the program will keep a thorough created account of the invoices and also expenditures associated to the building and its management that defines the expenses sustained by the regime.(b) The accounts and supporting coupons of a condo routine will be made readily available to the apartment owners for exam on functioning days at convenient, established, and also openly revealed hours.