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3618, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 104. APARTMENT OWNERSHIP. (a) A proprietor of an apartment in a condo program has it solely, and also the proprietor may have, communicate, or encumber the apartment, or subject it to judicial acts, independently of the other houses in the condo program.(b) A specific title or passion in a home in a condominium regime is recordable.(c) The entire interest in the condominium routine shall be divided amongst the apartments.(d) A person might own a home in a condo routine jointly or alike with others.(e) A condo association may not modify or damage a home or a restricted common component without the permission of all owners impacted as well as the initial lien mortgagees of all affected proprietors.

3620, ch. 576, Sec - apartments near greenlake. 1, eff. Jan. 1, 1984. Sec. 81. 107. INTERESTS ALIKE ASPECTS. An owner of a house in a condominium regimen shares possession of the regimen's typical aspects with the other apartment owners. A house proprietor may make use of the typical elements according to their desired functions, as revealed in the plat, affirmation, or laws of the condo regimen, without conflicting with the legal rights of the various other apartment proprietors.

3620, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 108. DIVIDING OF COMMON ELEMENTS. (a) The ownership of the general and the restricted typical elements of a condo program might not be judicially partitioned or split while they are suitable for a condominium program.(b) A person may not start an action for dividing of the minimal or basic usual components of a condo regimen unless the home loans on the home are paid or the consent of the mortgagees is gotten.(c) A contract unlike this section is gap.

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1, eff. A home in a condo routine and the concentrated passion of an apartment or condo owner in the usual elements of the program that are attributable to the apartment might not be shared independently. If a transportation of an apartment does not refer to the common elements, the undistracted interest of the home owner in the general and also the minimal common aspects of the program attributable to the house is conveyed with the house.

(a) By unanimous arrangement, or if the declaration supplies for termination by contract of the owners, by arrangement of the owners of at the very least 67 percent or a stated portion in the declaration, whichever is higher, of the possession passions in the condo, the proprietors of a structure in a condominium routine may terminate the regimen and also demand the region staff of the region in which the regime is situated to merge the documents of the estates that consist of the condominium regimen, if any financial institutions in whose behalf encumbrances versus the building are tape-recorded agree to approve the undivided portions of the home possessed by the borrowers as security, offered no modification might be made to a statement to minimize the content vote needed for termination of the condo regime.(b) If a condo regimen is terminated, each apartment or condo proprietor possesses a wholehearted passion in the typical home that corresponds to the undistracted interest formerly had by the apartment proprietor in the usual aspects.(c) Property that has actually been eliminated from a condo program might be dedicated to another condo program at any kind of time.


1, eff. CHANGE OF CONDOMINIUM STATEMENT. After a condo statement is tape-recorded with a county staff, the statement may not be changed except at a conference of the apartment owners at which the amendment is authorized by the holders of at the very least 67 percent of the ownership passions in the condominium.

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3621, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 203. VOTING BULK. For the functions of this chapter, the apartment or condo proprietors who possess a minimum of 51 percent of the passions in a condo program, as determined under the statement, are a bulk of the apartment proprietors (modern apartments greenwood). Acts 1983, 68th Leg., p.

3622, ch. 576, Sec. 1, eff. Jan. 1, 1984. Sec. 81. 205. INSURANCE. (a) By resolution of a majority of the council of owners or in the fashion provided or needed by the statement or bylaws, the council of proprietors may acquire the insurance it regards appropriate for the security of the structures and the home owners.(b) Insurance might be composed in the name of the council of proprietors, or for a person assigned in the declaration more tips here or laws, as trustee for the house proprietors as well as their mortgagees.

Unless the council of proprietors all concurs or else, the insurance proceeds shall be paid to the specific house proprietors or their mortgagees, as their interest may show up, in proportion to the why not check here rate of interest of a house proprietor in the condominium program as established by the statement. (a) The administrator or board of administration of a condo routine or an individual selected by the laws of the regime shall keep a thorough composed account of the invoices and also expenditures connected to the building as well as its administration that defines the expenditures incurred by the regimen.(b) The accounts as well as supporting vouchers of a condominium program shall be made readily available to the apartment or condo proprietors for examination on working days at convenient, well-known, and also publicly revealed hours.

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