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(a) A proprietor of a home in a condominium routine possesses it specifically, as well as the proprietor may have, share, or encumber the apartment, or subject it to judicial acts, separately of the various other apartments in the condo regime.(b) An individual title or passion in an apartment in a condo program is recordable.(c) The whole passion in the condominium routine will be split among the apartments.

3620, ch. 576, Sec - apartments near greenlake. 1, eff. Jan. 1, 1984. Sec. 81. 107. INTERESTS ALIKE ASPECTS. A proprietor of a home in a condominium routine shares ownership of the program's common aspects with the other home proprietors. A house proprietor might use the usual elements according to their intended objectives, as revealed in the plat, affirmation, or laws of the condo regime, without hindering the legal rights of the various other apartment or condo proprietors.

3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDING OF COMMON ELEMENTS. (a) The ownership of the general and also the minimal usual components of a condominium routine may not be judicially segmented or separated while they are ideal for a condo routine.(b) A person may not start an action for dividers of the limited or general usual components of a condominium regime unless the home mortgages on the home are paid or the permission of the mortgagees is acquired.(c) An arrangement contrary to this section is void.

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1, eff. A home in a condominium routine as well as the wholehearted rate of interest of an apartment proprietor in the common components of the routine that are attributable to the apartment or condo might not be communicated independently. If a conveyance of an apartment or condo does not refer to the typical elements, the wholehearted interest of the house proprietor in the basic as well as the limited common components of the routine attributable to the house is shared with the home.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDOMINIUM REGIMEN. (a) By consentaneous agreement, or if the statement supplies for discontinuation by contract of the owners, by arrangement of the holders of at the very least 67 percent or a mentioned percent in the statement, whichever is greater, of the possession passions in the condominium, the proprietors of a building in a condo routine might terminate the regimen and demand the county staff of the area in which the program lies to merge the documents of the estates that consist of the condominium regimen, if any type of creditors in whose part encumbrances versus the building are taped consent to approve the wholehearted sections of the home owned by the debtors as security, gave no change may be made to an affirmation to minimize the ballot needed for termination of the condo regime - apartments near greenlake.(b) If a condo program is terminated, each house proprietor has an undivided passion in imp source the usual property that represents the undivided interest previously had by the home owner in the common aspects.(c) Building that has been eliminated from a condominium program may be committed to one more condo routine at any moment.


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. CHANGE OF CONDO STATEMENT. After a condominium statement is tape-recorded with an area staff, the declaration may not be modified other than at a meeting of the house owners at which the modification is approved by the owners of at the very least 67 percent of the ownership interests in the condominium.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. BALLOT MAJORITY. For the objectives of this phase, the apartment or condo owners that own a minimum of 51 percent of the rate of interests in a condominium routine, as identified under the affirmation, are a bulk of the apartment or condo owners (apartments for rent near greenlake). Acts 1983, 68th Leg., p.

3622, ch. 576, Sec. 1, eff. Jan. click site 1, 1984. Sec. 81. 205. INSURANCE POLICY. (a) By resolution of a bulk of the council of proprietors or in the fashion given or called for by the statement or bylaws, the council of proprietors might get the insurance policy it regards suitable for the security of the structures as well as the apartment owners.(b) Insurance coverage may be created in the name of the council of owners, or in the name of a person assigned in the statement or bylaws, as trustee for the apartment owners and their mortgagees.

Unless the council of owners unanimously concurs otherwise, the insurance policy proceeds shall be paid to the private apartment owners or their mortgagees, as their interest may appear, in proportion to the rate of interest of an apartment or condo proprietor in the condo program as established by the statement. (a) The manager or board of administration of a condominium program or a person appointed by the laws of the regime shall maintain an in-depth written account of the receipts and also expenditures associated to the structure and also its administration that specifies the expenses sustained by the regime.(b) The accounts as well as sustaining coupons of a condo program shall be made offered Learn More to the apartment owners for assessment on functioning days at hassle-free, recognized, as well as openly introduced hrs.

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