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(a) An owner of a house in a condominium regime has it solely, and the owner may possess, share, or encumber the apartment or condo, or subject it to judicial acts, separately of the various other homes in the condo routine.(b) A private title or passion in a home in a condominium regime is recordable.(c) The whole interest in the condominium regimen will be separated amongst the houses.

1, eff. A proprietor of an apartment or condo in a condo routine shares possession of the regimen's typical elements with the other apartment proprietors. A house proprietor may use the common aspects according to their intended functions, as shared in the plat, statement, or bylaws of the condo regimen, without interfering with the civil liberties of the various other apartment or condo proprietors.

1, eff. (a) The ownership of the general as well as the minimal usual aspects of a condo routine might not be judicially segmented or split while they are ideal for a condo regimen.(b) A person might not initiate an action for dividing of the limited or general usual components of a condo regimen unless the home mortgages on the residential property are paid or the permission of the mortgagees is acquired.

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1, eff. A home in a condo regimen and also the wholehearted passion of an apartment owner in the usual components of the program that are attributable to the apartment or condo may not be communicated separately. If a transportation of an apartment does not refer to the usual elements, the wholehearted rate of interest of the apartment proprietor in the basic and the restricted usual components of the routine attributable to the home is conveyed with the apartment.

(a) By consentaneous agreement, or if the statement provides 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 affirmation, whichever is greater, of the possession interests in the condominium, the proprietors of a building in a condo program may terminate the program and also request the area staff of the county in which the regimen is situated to combine the records of the estates that consist of the condo regime, if any official website type of lenders in whose part encumbrances against the structure are recorded concur to approve the undivided portions of the residential or commercial property owned by the debtors as safety, provided no modification might be made to an affirmation to minimize the vote required for discontinuation of the condominium program.(b) If a condominium regimen is ended, each apartment owner owns a concentrated passion in the common residential or commercial property that corresponds to the undivided passion previously had by the house proprietor in the common components.(c) Residential or commercial property that has actually been eliminated from a condo routine might be dedicated to another condo regimen at any kind of time.


3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Changed by Acts 1989, 71st Leg., ch. 157, Sec. 1, eff. May 25, 1989. Sec. 81. 111. CHANGE OF CONDO AFFIRMATION. After a condo affirmation is tape-recorded with a county staff, the affirmation might not be amended other than at a conference of the apartment proprietors at which the change is authorized by the holders of at least 67 percent of the ownership interests in the condominium.

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For the functions of this phase, the apartment or condo owners that possess at least 51 percent of the interests in a condo routine, as determined under the declaration, are a majority of the apartment proprietors. (a) By resolution of a majority of the council of proprietors or in the manner given or required by the declaration or bylaws, the council of proprietors might obtain the insurance policy it considers suitable for the protection of the structures and the apartment or condo owners.(b) Insurance policy may be composed in find this the name of the council of proprietors, or in the name of an individual designated in the statement or bylaws, as trustee for the home proprietors and also Get the facts their mortgagees.

Unless the council of owners all agrees or else, the insurance coverage continues will be paid to the private apartment or condo proprietors or their mortgagees, as their interest may appear, symmetrical to the passion of a home owner in the condo regimen as established by the affirmation. Acts 1983, 68th Leg., p.

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3623, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 209. CONDOMINIUM DOCUMENTS. (a) The administrator or board of administration of a condominium regime or a person designated by the laws of the regime will maintain a detailed created account of the invoices and also expenses associated with the structure and also its administration that defines the expenditures incurred by the regime.(b) The accounts and also supporting coupons of a condominium regimen will be provided to the apartment owners for exam on working days at hassle-free, established, and also publicly announced hours.(c) The books as well as records of a condominium program should adhere to great bookkeeping procedures as well as have to be audited at the very least once annually by an auditor who is not associated with the condo regimen.

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