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(a) An owner of a home in a condo routine possesses it solely, and the proprietor might possess, convey, or encumber the house, or subject it to judicial acts, separately of the various other houses in the condominium regime.(b) A specific title or rate of interest in a house in a condominium regimen is recordable.(c) The entire interest in the condominium routine will be separated among the homes.

3620, ch. 576, Sec - modern apartments greenwood. 1, eff. Jan. 1, 1984. Sec. 81. 107. INTERESTS IN COMMON COMPONENTS. An owner of an apartment or condo in a condominium regime shares possession of the regimen's common aspects with the other house proprietors. A home proprietor may use the typical aspects according to their intended functions, as shared in the plat, statement, or bylaws of the condominium regimen, without disrupting the legal rights of the other apartment or condo proprietors.

1, eff. (a) The ownership of the basic and the minimal typical components of a condo program might not be judicially segmented or separated while they are appropriate for a condo regimen.(b) An individual may not start an activity for dividing of the limited or general usual components of a condo program unless the home loans on the building 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 ELEMENTS. An apartment or condo in a condo regime and also the wholehearted passion of an apartment owner in the usual aspects of the regime that are attributable to the home might not be shared separately. If a conveyance of an apartment does not refer to the usual elements, the undistracted passion of the house proprietor in the general as well as the restricted common components of the routine attributable to the apartment is shared with the apartment.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. TERMINATION OF CONDOMINIUM REGIMEN. (a) By unanimous agreement, or if the affirmation supplies for discontinuation by agreement of the proprietors, by arrangement of the owners of at the very least 67 percent or a specified portion in the affirmation, whichever is better, of the possession rate of interests in the condo, the owners of a building in a condo regime may end the regimen as well as demand the county clerk of the region in which the routine is situated to combine the records of the estates that consist of the condo regime, if any lenders in whose behalf encumbrances against the building are taped accept approve the undivided portions of the residential or commercial property owned by the borrowers as safety and security, supplied no amendment might be made to an affirmation to decrease the vote needed for discontinuation of the condo regimen - apartments near greenlake.(b) If a condo regime is terminated, each house owner has a wholehearted interest in the typical building that represents the wholehearted interest previously possessed by the apartment owner in the common components.(c) Residential property that has been gotten rid of from a condominium regimen might be dedicated to another condo regime any time.


1, eff. AMENDMENT OF CONDOMINIUM AFFIRMATION. After a condominium statement is tape-recorded with an area staff, the declaration might not be modified other than at a meeting of the house proprietors at which the modification is accepted by the owners of at the very least 67 percent of the possession passions in the condominium.

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For the the original source functions of this phase, the apartment or condo owners that own at least 51 percent of the passions in a condo regimen, as figured out under the statement, are a bulk of the apartment owners. (a) By resolution of a bulk of the council of proprietors or in the manner offered or required by the declaration or laws, the council of proprietors may obtain the insurance policy it considers suitable for the defense of the structures and also the house proprietors.(b) Insurance policy might be written in the name of the council of owners, or in the name of an individual marked in the affirmation or bylaws, as trustee for the apartment or condo proprietors and also their mortgagees.

Unless the council of owners unanimously concurs or else, the insurance policy proceeds shall be paid to the individual house proprietors or their mortgagees, as their interest may show up, in proportion to the interest of a house owner in the condo regimen as pop over to this site established by the declaration. 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 manager or board of management of a condo program or a person appointed by the laws of the regimen shall keep an in-depth composed account of the invoices and expenses connected to the structure and also its management that specifies the expenses sustained by the program.(b) The accounts and also sustaining coupons of a condominium program will be offered to the apartment proprietors for examination on functioning days at practical, recognized, and also openly announced hrs.(c) Guides as well as documents of a condominium regimen should abide with excellent accountancy treatments as well as need to be examined a minimum of once each year by an auditor who is go to this website not connected with the condo regime.

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