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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT POSSESSION. (a) A proprietor of a home in a condominium regime owns it exclusively, and also the proprietor may possess, communicate, or encumber the apartment, or subject it to judicial acts, independently of the other apartment or condos in the condo program.(b) A specific title or rate of interest in a house in a condominium regime is recordable.(c) The whole interest in the condo routine shall be divided among the apartment or condos.(d) An individual may own an apartment or condo in a condo regime collectively or alike with others.(e) A condo association may not change or destroy an apartment or a limited usual component without the consent of all owners affected and also the first lien mortgagees of all impacted proprietors.

1, eff. An owner of a house in a condominium routine shares possession of the regime's common elements with the other apartment proprietors. A home owner might make use of the common components according to their desired functions, as expressed in the plat, statement, or laws of the condominium program, without conflicting with the civil liberties of the other apartment proprietors.

1, eff. (a) The possession of the general and also the restricted typical components of a condo regimen might not be judicially segmented or split while they are suitable for a condo regimen.(b) An individual might not launch an activity for dividing of the restricted or general usual elements of a condo regimen unless the home loans on the residential property are paid or the approval of the mortgagees is acquired.

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1, eff. An apartment or condo in a condominium program and the wholehearted interest of an apartment owner in the usual components of the routine that are attributable to the house might not be conveyed independently. If a transportation of a home does not refer to the typical elements, the wholehearted rate of interest of the apartment or condo owner in the general as well as the limited common elements of the routine attributable to the home is conveyed with the home.

(a) By unanimous arrangement, or if the declaration supplies for termination by agreement of the owners, by contract of the owners of at least 67 percent or a stated percentage in the statement, whichever is greater, of the ownership interests in the condominium, the owners of a structure in a condominium program may end the regimen as well as demand the area clerk of the area in which the regimen is located to merge the records of the estates that consist of the condo routine, if any kind of financial institutions in whose part encumbrances versus the structure are recorded agree to accept the wholehearted portions of the building owned by the debtors as protection, supplied no amendment may be made to an affirmation to decrease the vote needed for discontinuation important source of the condominium regimen.(b) If a condominium program is ended, each apartment or condo proprietor has a wholehearted rate of interest in the typical residential property that matches to the wholehearted rate of interest formerly owned by the home proprietor in the typical aspects.(c) Residential property that has actually been eliminated from a condo regimen may be dedicated to another condominium program at any time.


3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1989, 71st Leg., ch. 157, Sec. 1, eff. May 25, 1989. Sec. 81. 111. MODIFICATION OF CONDO DECLARATION. After a condominium declaration is recorded with a county staff, the declaration may not be modified other than at a conference of the apartment proprietors at which the amendment is authorized by the owners of a minimum of 67 percent of the possession rate of interests in the condominium.

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For the objectives of this chapter, the house owners who possess at least 51 percent of the rate of interests in a condominium regime, as figured out under the declaration, are a majority of the home proprietors. (a) By resolution of a bulk of the council of owners or in the manner provided or needed by the statement or bylaws, the council of owners might get the insurance coverage it considers ideal for the security of the structures as well as the apartment or condo proprietors.(b) Insurance coverage might be composed in the name of the council of owners, or in the name of an individual designated in the affirmation or bylaws, as trustee for the apartment or condo owners as well as their mortgagees.

Unless the council of proprietors unanimously concurs or else, the insurance continues will be paid to the private apartment or condo owners or their mortgagees, as their passion may appear, symmetrical to the passion of a house proprietor in the condo regimen 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. CONDOMINIUM RECORDS. (a) The manager or board of administration of a condominium program or an individual designated by the laws of the regime shall maintain a thorough composed account of the receipts and expenditures connected to the structure and also its management that specifies the expenses incurred by the program.(b) The More hints accounts and also sustaining coupons of a condominium regimen shall be made readily available to the apartment proprietors for assessment on functioning days at hassle-free, well established, and also openly introduced address hours.(c) Guides as well as records of a condominium program have to conform with good audit treatments and should be investigated a minimum of when annually by an auditor who is not related to the condo regime.

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