LegalFix

Real property

condominiums

A condominium is a single unit of real estate—usually a home or residence—in a multi-unit residential development in which each owner of a unit has both a separate ownership interest (often everything inside the front door)—and a common ownership interest (with other unit owners) in the common areas of the property outside the front door—such as roofs, hallways, driveways, walkways, stairways, stucco, brick, paint, stone, and landscaping.

A condominium development is usually governed by a homeowners’ association (HOA) through its board of directors, elected by the homeowners as provided by the HOA’s declaration and bylaws. Unit owners or homeowners in the association are required to pay monthly HOA dues for the maintenance and repair of the common areas of the property and its insurance.



State Statutes for the State of Texas

CHAPTER 82 - UNIFORM CONDOMINIUM ACT

(A) add real property to a condominium; (D) withdraw real property from a condominium. or within real property that may be added to the condominium; or property records and record condominium plats or plans in the real property records or in books maintained is amended to make the additional real property part of the condominium.

CHAPTER 81 - CONDOMINIUMS CREATED BEFORE ADOPTION OF UNIFORM CONDOMINIUM ACT

(2) "Building" includes each principal structure on or to be erected on real property dedicated in a declaration to a condominium regime. (3) "Condominium" means a form of real property ownership that combines separate ownership of individual (1) the legal description of the real property dedicated to the condominium regime, depicted by a plat property records of each county in which the condominium is located.

CHAPTER 5 - CONVEYANCES

(10) of a real property interest in a condominium. (10) of a real property interest in a condominium. A person who has a right of first refusal in real property that is a condominium subject to Chapter 81

CHAPTER 204 - POWERS OF PROPERTY OWNERS' ASSOCIATION RELATING TO RESTRICTIVE COVENANTS IN CERTAIN SUBDIVISIONS

(a) This chapter applies only to a residential real estate subdivision, excluding a condominium development governed by Title 7, Property Code, that is located in whole or in part:

CHAPTER 231 - TITLE IV-D SERVICES

(i) a dwelling, condominium, or other improvements on real property; (i) a dwelling, condominium, or other improvements on real property;

CHAPTER 125 - COMMON AND PUBLIC NUISANCES

(3) "Multiunit residential property" means improved real property with at least three dwelling units , including an apartment building, condominium, hotel, or motel.

CHAPTER 171 - FRANCHISE TAX

the corporation is organized and operated primarily to obtain, manage, construct, and maintain the property in or of a residential condominium or residential real estate development; and

Federal Statutes

§ 2602. Definitions

(A) is secured by a first or subordinate lien on residential real property (including individual units of condominiums and cooperatives) designed principally for the occupancy of from one to four families

§ 1821. Insurance Funds

Subject to subsection (u), in selling any real property (other than eligible residential property and eligible condominium property, as such terms are defined in section 1831q(p) of this title) to which

§ 1464. Federal savings associations

(A) Residential property The terms “residential real property” or “residential real estate” mean leaseholds , homes (including condominiums and cooperatives, except that in connection with loans on individual