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(a) An owner of a home in a condominium regime owns it exclusively, and the owner might possess, convey, or encumber the apartment, or subject it to judicial acts, independently of the various other apartment or condos in the condo regime.(b) A specific title or interest in a home in a condominium regimen is recordable.(c) The entire interest in the condo regimen shall be separated amongst the homes.

1, eff. An owner of an apartment or condo in a condo routine shares possession of the regime's typical aspects with the various other house proprietors. A home proprietor might utilize the typical components according to their intended functions, as shared in the plat, declaration, or laws of the condo routine, without interfering with the rights of the various other house proprietors.

1, eff. (a) The ownership of the general as well as the restricted usual components of a condo routine might not be judicially partitioned or divided while they are suitable for a condominium routine.(b) An individual may not start an action for partition of the limited or basic typical elements of a condominium regime unless the home mortgages on the building are paid or the approval of the mortgagees is acquired.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 109. TRANSPORTATION OF COMMON COMPONENTS. An apartment or condo in a condo program as well as the undistracted rate of interest of an apartment proprietor in the common components of the regime that are attributable to the apartment might not be conveyed independently. If a conveyance of an apartment or condo does not describe the common components, the concentrated passion of the home owner in the general as well as the minimal usual elements of the regime attributable to the apartment or condo is shared with the apartment or condo.

(a) By unanimous arrangement, or if the affirmation offers for termination by contract of the owners, by contract of the holders of at the very least 67 percent or a mentioned portion in the declaration, whichever is better, of the possession rate of interests in the condominium, the proprietors of a building in a condominium routine might terminate the regimen as well as demand the area staff of the area in which the regime is situated to merge the records go to my site of the estates that make up the condominium routine, if any kind of lenders in whose part encumbrances against the building are taped agree to approve the undivided sections of the building possessed by the borrowers as security, gave no change may be made to an affirmation to decrease the ballot required for termination of the condo program.(b) If a condominium regime is terminated, each home anonymous proprietor has an undistracted interest in the usual building that matches to the concentrated passion formerly owned by the home proprietor in the typical elements.(c) Residential property that has been eliminated from a condominium routine may be devoted to another condo routine at any time.


1, eff. AMENDMENT OF CONDO AFFIRMATION. After a condo statement is taped with a region staff, the declaration may not be modified except at a conference of the apartment proprietors at which the change is accepted by the owners of at the very least 67 percent of the possession interests in the condominium.

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For the purposes of this phase, the apartment proprietors who possess at the very least 51 percent of the interests in a condo program, as figured out under the statement, are a majority of the home proprietors. (a) By resolution of a bulk of Full Report the council of owners or in the manner offered or required by the declaration or bylaws, the council of owners might acquire the insurance it deems ideal for the protection of the structures and also the apartment or condo owners.(b) Insurance policy may be created in the name of the council of proprietors, or in the name of a person marked in the declaration or bylaws, as trustee for the home owners and their mortgagees.

Unless the council of owners unanimously concurs otherwise, the insurance proceeds shall be paid to the individual home owners or their mortgagees, as their rate of interest may appear, in percentage to the interest of an apartment owner in the condominium 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 administrator or board of management of a condominium regime or a person designated by the laws of the routine will maintain a detailed written account of the receipts and also expenditures connected to the structure and also its administration that specifies the expenditures incurred by the regimen.(b) The accounts and sustaining coupons of a condo regimen will be offered to the apartment owners for evaluation on functioning days at hassle-free, well-known, and publicly announced hrs.(c) Guides and documents of a condo regime should comply with great accountancy treatments and also need to be audited a minimum of when every year by an auditor who is not related to the condo regime.

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