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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT OWNERSHIP. (a) An owner of a home in a condominium program has it specifically, and the owner may possess, communicate, or overload the apartment or condo, or subject it to judicial acts, individually of the various other houses in the condominium regime.(b) A private title or interest in an apartment in a condo regimen is recordable.(c) The whole rate of interest in the condo regime will be separated amongst the homes.(d) A person may possess an apartment in a condominium regime collectively or in typical with others.(e) A condo organization might not modify or damage an apartment or a limited usual aspect without the consent of all proprietors impacted as well as the initial lien mortgagees of all affected owners.

3620, ch. 576, Sec - apartments for rent near greenlake. 1, eff. Jan. 1, 1984. Sec. 81. 107. RATE OF INTERESTS IN COMMON COMPONENTS. An owner of a home in a condo program shares ownership of the regimen's typical elements with the other apartment owners. An apartment or condo owner might utilize the usual elements according to their designated functions, as revealed in the plat, statement, or bylaws of the condominium regimen, without interfering with the legal rights of the other apartment or condo proprietors.

3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. PARTITION OF COMMON COMPONENTS. (a) The possession of the general and also the limited typical aspects of a condo regime might not be judicially partitioned or divided while they appropriate for a condominium routine.(b) An individual may not start an activity for partition of the minimal or basic usual elements of a condo regimen unless the home mortgages on the residential or commercial property are paid or the permission of the mortgagees is obtained.(c) A contract as opposed to this section is gap.

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1, eff. A house in a condominium regime as well as the concentrated passion of an apartment owner in the typical components of the program that are attributable to the house might not be shared independently. If a transportation of an apartment or condo does not refer to the typical aspects, the concentrated passion of the house proprietor in the general as well as the restricted usual components of the program attributable to the apartment is communicated with the home.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 110. DISCONTINUATION OF CONDO PROGRAM. (a) By consentaneous agreement, or if the statement gives for termination by contract of the owners, by contract of the owners of at least 67 percent or a mentioned percentage in the statement, whichever is better, of the ownership interests in the condo, the owners of a building in a condominium regime might terminate the regimen and also request the region staff of the county in which the program lies to combine the documents of the estates that consist of the condo routine, if any type of financial institutions in whose behalf encumbrances against the structure are recorded consent to approve the wholehearted portions of the building possessed by the borrowers as safety and security, supplied no modification may be made to a declaration to reduce the ballot needed for termination of the condominium regimen - new apartments greenwood.(b) If a condo regimen is ended, each house proprietor owns an undistracted rate of interest in the explanation typical building that matches to the undivided rate of interest previously possessed by the apartment proprietor in the common components.(c) Residential or commercial property that has been gotten rid of from a condo regimen may be dedicated to another condo program at any type of time.


1, eff. AMENDMENT OF CONDO DECLARATION. After a condo declaration is recorded with a county clerk, the statement might not be modified other than at a conference of the house owners at which the amendment is accepted by the owners of at the very least 67 percent of the ownership passions in the condominium.

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3621, ch. Learn More Here 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. BALLOT BULK. For the objectives of this chapter, the home proprietors that have at the very least 51 percent of the rate of interests in a condo program, as established under the statement, are a bulk of the house owners (apartments for rent near greenlake). Acts 1983, 68th Leg., p.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE COVERAGE. (a) By resolution of a bulk of the council of proprietors or in the manner offered or needed by the statement or bylaws, the council of proprietors may acquire the insurance policy it considers suitable for the defense of the structures as well as the house proprietors.(b) Insurance policy may be created in the name of the council of owners, or in the name of an individual marked in the statement or laws, as trustee for the house owners and also their mortgagees.

Unless the council of proprietors unanimously concurs or websites else, the insurance coverage continues shall be paid to the private home owners or their mortgagees, as their interest might appear, in percentage to the rate of interest of a home proprietor in the condo routine as developed by the declaration. (a) The administrator or board of administration of a condo routine or a person assigned by the bylaws of the regimen shall maintain a detailed created account of the receipts and also expenses associated to the building as well as its management that specifies the costs incurred by the regimen.(b) The accounts and also sustaining coupons of a condo program will be made offered to the apartment or condo owners for exam on working days at practical, well-known, as well as openly revealed hrs.

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