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(a) An owner of an apartment in a condo routine has it exclusively, as well as the owner may possess, convey, or encumber the house, or subject it to judicial acts, separately of the various other houses in the condominium regime.(b) An individual title or rate of interest in an apartment in a condominium regime is recordable.(c) The whole rate of interest in the condo routine shall be divided amongst the homes.


3620, ch. 576, Sec - apartments for rent near greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. INTERESTS IN COMMON ASPECTS. An owner of an apartment or condo in a condominium routine shares possession of the routine's typical elements with the other apartment or condo proprietors. A house proprietor might utilize the typical components according to their designated objectives, as revealed in the plat, statement, or bylaws of the condo program, without conflicting with the legal rights of the other apartment owners.


3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDING OF COMMON COMPONENTS. (a) The possession of the basic as well as the limited common components of a condo routine may not be judicially partitioned or separated while they appropriate for a condominium routine.(b) A person may not start an action for dividing of the minimal or basic common components of a condominium regimen unless the home mortgages on the property are paid or the consent of the mortgagees is acquired.(c) An agreement in contrast to this area is space.

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1, eff. A home in a condo regime and the undistracted rate of interest of an apartment proprietor in the common aspects of the program that are attributable to the apartment might not be shared separately. If a transportation of a home does not refer to the typical components, the undivided rate of interest of the apartment owner in the basic and the restricted common aspects of the routine attributable to the home is conveyed with the apartment.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDOMINIUM PROGRAM. (a) By consentaneous contract, or if the affirmation offers for discontinuation by arrangement of the proprietors, by agreement of the owners of at least 67 percent or a specified portion in the affirmation, whichever is higher, of the ownership interests in the condominium, the proprietors of a structure in a condominium regime might end the program and also demand the area clerk of the county in which the program lies to merge the records of the estates that comprise the condominium program, if any kind of creditors in whose part encumbrances versus the building are tape-recorded consent to accept the wholehearted sections of the home had by the borrowers as security, supplied no modification might be made to a declaration to lower the vote needed for termination of the condo routine - new apartments greenwood.(b) If a condominium regime is ended, each house owner possesses an undistracted passion in the typical property that corresponds to the wholehearted rate of interest previously had by the apartment or condo proprietor in the typical components.(c) Property that has been gotten rid of from a condominium routine may be dedicated to an additional condo routine any time.




1, eff. CHANGE OF CONDOMINIUM DECLARATION. After a condominium statement is videotaped with an area staff, the declaration might not be amended except at a conference of the apartment or condo owners at which the change is approved by the holders of at least 67 percent of the possession interests new apartments greenwood in the condo.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. BALLOT MAJORITY. For the purposes of this phase, the apartment or condo owners who own at least 51 percent of the interests in a condo regime, as identified under the statement, are a bulk of the apartment owners (new apartments greenwood). Acts 1983, 68th Leg., p.


3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE POLICY. (a) By resolution of a majority of the council of proprietors or in the way provided or required by the statement or laws, the council of proprietors may acquire the insurance policy it deems proper for the defense of the buildings and also the home proprietors.(b) Insurance coverage may be created in the name of the council of proprietors, or for an individual assigned in the declaration or laws, as trustee for the home owners as well as their mortgagees.


Unless the council of owners all concurs or else, the insurance policy proceeds will be paid to the individual apartment or condo proprietors or their mortgagees, as their passion might show up, in proportion to the passion of an apartment or condo owner in the condo routine as established by the declaration. (a) The administrator or board of administration of a condominium program or a person selected by the laws of the Our site routine shall keep a comprehensive created account of the receipts as well as expenses associated to the building and its administration that specifies the expenditures incurred by the program.(b) The accounts and supporting coupons of a condo regime will be made available to the apartment or condo proprietors for evaluation on functioning days Learn More at convenient, recognized, and also publicly revealed hrs.