0 Vasquez Site Condominiums

Key facts from 0 Vasquez Site Condominiums's documents

Community type

Condominium

Legal name

0 Vasquez Site Condominiums

Developer / declarant

Precise Custom Homes, Inc. (Preamble)

Governing law

Texas Uniform Condominium Act (Chapter 82 of the Texas Property Code) (Recital 2)

Assessments & dues

Board estimates budget and assesses each Owner proportionally to number of Units owned (50% each) (Section 4.05, Exhibit B)

Special assessments

Allowed when Regular Assessments inadequate; levied same manner as Regular (Section 4.06)

Collections & liens

Association has lien on Unit; may foreclose non-judicially under Texas Property Code 51.002 (Section 4.04)

Reserves & fees

Assessments shall provide adequate reserve fund for periodic maintenance and replacement of Common Elements (Section 7(i), Section 4.01)

Fences

Unit Owner may erect fence on dividing line of Units; both must agree on type; costs shared if on dividing line, else borne by erecting Owner (Section 2.03(c))

Maintenance

Unit Owner maintains roof of Dwelling within Unit (Section 5.02(a))

Insurance

Each Unit Owner must maintain property insurance on their Unit for full insurable value (Section 6.01(a)(i))

Voting & meetings

Per Unit basis; each Unit entitled to equal votes; if different number of owners, the unit with more owners sets the vote count for both units (Section 3.03)

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