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(a) A proprietor of a house in a condo regimen possesses it exclusively, as well as the proprietor may have, communicate, or overload the house, or subject it to judicial acts, individually of the other apartment or condos in the condominium regimen.(b) A specific title or rate of interest in a house in a condo routine is recordable.(c) The entire passion in the condo regimen shall be divided amongst the houses.


3620, ch. 576, Sec - modern apartments greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. INTERESTS IN COMMON ASPECTS. A proprietor of an apartment in a condominium routine shares possession of the regime's usual aspects with the various other apartment proprietors. An apartment owner may use the usual aspects according to their intended purposes, as shared in the plat, statement, or laws of the condo routine, without disrupting the rights of the various other apartment proprietors.


1, eff. (a) The possession of the basic as well as the restricted usual components of a condo routine may not be judicially partitioned or split while they are appropriate for a condo program.(b) A person may not initiate an activity for dividers of the limited or general usual components of a condominium regime unless the home loans on the residential or commercial property are paid or the approval of the mortgagees is obtained.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. TRANSPORTATION OF COMMON ELEMENTS. An apartment in a condominium regime and the wholehearted rate of interest of an apartment owner in the common elements of the regimen that are attributable to the apartment or condo may not be shared independently. If a transportation of a house does not describe the common components, the undistracted interest of the apartment owner in the basic and the limited usual aspects of the regimen attributable to the home is communicated with the home.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDO REGIMEN. (a) By consentaneous contract, or if the statement gives for discontinuation by agreement of the owners, by agreement of the owners of at the very least 67 percent or a specified percent in the statement, whichever is better, of the possession passions in the condo, the proprietors of a building in a condominium regimen may end the regime and also request the county staff of you could try here the county in which the program lies to combine the documents of the estates that comprise the condo routine, if any type of creditors in whose part encumbrances versus the structure are tape-recorded accept accept the undivided parts of the property had by the debtors as security, gave no modification might be made to a declaration to lower the ballot needed for termination of the condo program - apartments for rent near greenwood.(b) If a condominium regimen is terminated, each house proprietor owns an undistracted passion in the usual residential property that represents the wholehearted interest formerly had by the house proprietor in the common aspects.(c) Home that has actually been gotten rid of from a condominium program might be dedicated to one more condo regimen any time.




1, eff. CHANGE OF CONDO DECLARATION. After a condominium statement is recorded with a county clerk, the statement might not be amended except at a meeting of the home proprietors at which the amendment is approved by the holders of at the very least 67 percent of the possession passions in the condominium.

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For the objectives reference of this phase, the apartment or condo owners that have at least 51 percent of the interests in a condominium program, as figured out under the affirmation, are a majority of the house proprietors. (a) By resolution of a bulk 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 policy it regards suitable for the defense of the buildings as well as the apartment or condo owners.(b) Insurance might be composed in the name of the council of proprietors, or in the name of an individual designated in the statement or laws, as trustee for the apartment proprietors and their mortgagees.


Unless the council of owners all concurs otherwise, the insurance coverage proceeds shall be paid to the private apartment or condo proprietors or their mortgagees, as their rate of interest might appear, in proportion to the interest of an apartment proprietor in the condominium program 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 administration of a condominium regime or a read this article person selected by the laws of the regime will maintain a thorough created account of the invoices and expenditures associated with the building and its management that specifies the expenses sustained by the program.(b) The accounts and supporting coupons of a condominium routine shall be made available to the apartment owners for examination on working days at hassle-free, well-known, and also publicly announced hours.(c) The books and also documents of a condominium routine have to follow excellent accountancy treatments and also should be investigated at the very least once yearly by an auditor who is not connected with the condominium routine.