Braemoor

Key facts from Braemoor's documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Unit Development known as Braemoor administered by Braemoor Homeowners Association, Inc. (preamble WHEREAS; Article I, Section 1)

Legal name

Braemoor

Developer / declarant

Centex Real Estate Corporation (preamble; Article I, Section 6)

Assessments & dues

Until January 1 of the year immediately following conveyance of the first lot, maximum annual assessment is $120.00 per Class A lot ($10.00/month) and $40.00 per Class B lot ($3.33/month) (Article V, Section 3)

Special assessments

Special assessment(s) may be levied in any assessment year for construction, repair, replacement of capital improvements on Common Area, repayment of indebtedness, borrowing to comply with zoning ordinances, interest on borrowing, and pledg (Article V, Section 4)

Collections & liens

Assessments, together with interest, costs and reasonable attorney fees, are a charge on the land and a continuing lien; Association may bring an action at law or foreclose the lien; no Owner may escape liability by non-use or abandonment (Article V, Sections 1 and 8)

Reserves & fees

Any assessment not paid within ten (10) days after the due date incurs a late charge of $10.00 (Article V, Section 8)

Maintenance

Assessments are used for acquisition, improvement and maintenance of Common Area facilities and services, including walking paths, playground areas, greenways, detention areas, entrance-ways, road medians, and any additional recreational fa (Article V, Section 2)

Insurance

Association must maintain fire and extended coverage insurance on insurable improvements in the Common Area in an amount not less than 100% of the insurable value on a current replacement cost basis (Article VI, Section 1(d))

Use restrictions

Lots are designated for Single-Family Detached Homes (single-family residence not attached to any other single-family residence) (Article I, Section 8; Article III, Secti)

Voting & meetings

Every Owner of a Lot subject to assessment is a member; membership is appurtenant to lot ownership and may not be separated therefrom (Article III, Section 1)

Amendments

During the first twenty-five (25) years, amendment requires instrument signed by Owners of not less than 90% of lots; thereafter by Owners of not less than 75% of lots; any amendment must be recorded; additions under Article II, Section 2 a (Article VII, Section 3)

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