Harvest Acres Condominium Association, Inc.

Key facts from Harvest Acres Condominium Association, Inc.'s documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium ("Harvest Acres Condo Association" throug)

Legal name

Harvest Acres Condominium Association, Inc.

Developer / declarant

Highland Terrace Development, Ltd, a Texas limited partnership (Section 4.1 definition of Declarant)

Governing law

Texas Business Organizations Code (TBOC) and Uniform Condominium Act, Texas Property Code, Chapter 82 (Preamble (subject to TBOC); Section 4.1 )

Assessments & dues

Board determines monthly assessments, special assessments, and individual assessments; budget distributed 30 days before fiscal year (Section 7.15(a)(iii)-(v), Section 7.16)

Special assessments

Board may levy special assessments for nonrecurring common expenses, increased costs, capital expenses, or emergencies (Section 7.15(a)(iv), Section 7.16)

Collections & liens

Unpaid assessments become Special or Individual Assessments collectible by suit in Tarrant County with costs and attorneys' fees (Section 14.1(c); Section 7.15(a)(x) (pow)

Reserves & fees

Board may maintain a reserve fund out of monthly assessments for periodic maintenance, repair, replacement of General Common Elements (Section 7.15(a)(viii), Section 7.16)

Insurance

Commercial general liability policy covering General Common Elements, minimum $1,000,000 per occurrence (Section 13.1(a)(i))

Voting & meetings

Each Member has votes as set forth in Declaration; multiple owners of a Unit must arrange for one to vote (Section 5.1(a) and (b))

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.