Sec. 82.105. TERMINATION OF CONTRACTS AND LEASES OF DECLARANT. An association in a residential or recreational condominium may terminate, without penalty, contracts or leases between the association and a declarant or an affiliate of a declarant if:
(1) the contract is entered into by the association while controlled by the declarant;
(2) the association terminates the contract or lease before the first anniversary of the date a board elected by the unit owners takes office; and
(3) the association gives at least 90 days' notice of its intent to terminate the contract or lease to the other party.
Added by Acts 1993, 73rd Leg., ch. 244, Sec. 1, eff. Jan. 1, 1994.
Structure Texas Statutes
Chapter 82 - Uniform Condominium Act
Subchapter C. Condominium Management
Section 82.101. Organization of Unit Owners' Association
Section 82.102. Powers of Unit Owners' Association
Section 82.103. Board Members and Officers
Section 82.104. Transfer of Special Declarant Rights
Section 82.105. Termination of Contracts and Leases of Declarant
Section 82.107. Upkeep of Condominium
Section 82.110. Voting and Proxies
Section 82.112. Assessments for Common Expenses
Section 82.113. Association's Lien for Assessments
Section 82.114. Association Records
Section 82.1141. Access to Association Records
Section 82.115. Association as Trustee
Section 82.116. Management Certificate
Section 82.117. Obligations of Unit Owners
Section 82.120. Binding Arbitration for Certain Claims
Section 82.121. Possession of Firearm or Firearm Ammunition on Condominium Property