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(a) An owner of a house in a condo program has it exclusively, and the proprietor may have, communicate, or encumber the apartment, or subject it to judicial acts, independently of the other homes in the condominium program.(b) A specific title or interest in a home in a condominium program is recordable.(c) The whole rate of interest in the condo regimen will be separated among the apartment or condos.

1, eff. An owner of an apartment or condo in a condominium regime shares ownership of the program's common aspects with the various other home proprietors. An apartment proprietor may utilize the typical elements according to their designated functions, as expressed in the plat, declaration, or bylaws of the condominium program, without interfering with the rights of the various other house owners.

1, eff. (a) The possession of the general as well as the restricted common components of a condominium regimen might not be judicially partitioned or split while they are ideal for a condominium regimen.(b) A person might not initiate an activity for dividing of the limited or basic common components of a condo routine unless the mortgages on the home are paid or the consent of the mortgagees is gotten.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. CONVEYANCE OF COMMON COMPONENTS. An apartment or condo in a condominium regimen and also the undistracted rate of interest of a house owner in the typical components of the regime that are attributable to the house might not be communicated separately. If a conveyance of an apartment or condo does not refer to the typical elements, the undivided interest of the home proprietor in the basic and the limited typical aspects of the regime attributable to the home is shared with the house.

(a) By consentaneous arrangement, or if the affirmation offers for termination by agreement of the owners, by agreement of the holders of at the very least 67 percent or a mentioned percent in the affirmation, whichever is greater, of the ownership interests in the condo, the owners of a building in a condominium regime may terminate the regime and also demand the area staff of the region in which the regimen is situated to combine the documents of the new apartments greenwood estates that make up the condominium regimen, if any type of creditors in whose behalf encumbrances against the structure are videotaped concur to accept the wholehearted sections of the residential property had by the debtors as safety, offered no modification might be made to a statement to decrease the ballot required for termination of the condo regime.(b) If a condo routine is terminated, each house proprietor has an undistracted rate of interest in the common home that corresponds to the wholehearted interest previously possessed by the house proprietor in the typical components.(c) Residential or commercial property that has actually been gotten rid of from a condominium regime might be devoted to another condominium regimen at any time.


3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Changed by Acts 1989, 71st Leg., ch. 157, Sec. 1, eff. May 25, 1989. Sec. 81. 111. MODIFICATION OF CONDOMINIUM STATEMENT. After a condo declaration is tape-recorded with a region staff, the statement might not be amended except at a conference of the home owners at which the change is accepted by the owners of at the very least 67 percent of the ownership interests in the condo.

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For the functions of this phase, the apartment or condo proprietors that have at least 51 percent of the passions in a condo program, as determined under the affirmation, are a majority of the apartment or condo proprietors. (a) By resolution of a majority of the council of owners or in the fashion try this provided or needed by the statement or laws, the council of owners might get the insurance policy it considers ideal for the security of the buildings and also the apartment proprietors.(b) Insurance policy may be created in the name of the council of owners, or in the name of a person marked in the declaration or bylaws, as trustee for the apartment proprietors and also their mortgagees.

Unless the council of owners all concurs or else, the insurance coverage proceeds shall be paid to the individual apartment or condo proprietors or their mortgagees, as their rate of interest might appear, symmetrical to the interest of an apartment proprietor in the condo regime 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. CONDO DOCUMENTS. (a) The manager or board of management of a condominium routine or a person designated by the bylaws of the regimen will keep a thorough created account of the receipts and also expenses associated with the structure as well as its administration that defines the expenditures incurred by the regime.(b) The accounts and also supporting vouchers of pop over to this site a condo routine shall be provided to the apartment or condo owners for assessment on working days at hassle-free, recognized, and also publicly announced hrs.(c) The books and also records of a condo regime should adhere to great bookkeeping procedures and have to be audited a minimum of when annually by an auditor that is not connected with the condo program.

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