3302 Denver Condominiums

Key facts from 3302 Denver Condominiums's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

3302 Denver Condominiums

Developer / declarant

The Cobalt Companies, L.L.C. (Preamble)

Governing law

Texas Uniform Condominium Act (TUCA), Chapter 82 Texas Property Code (Preamble)

Assessments & dues

Members estimate net charges each year and assess per Exhibit B, payable in equal monthly installments (Section 4.05)

Special assessments

Allowed when Members determine Regular Assessments inadequate; levied and collected same manner as Regular Assessments (Section 4.06)

Collections & liens

Association has lien on each Unit for delinquent assessments; may enforce via non-judicial foreclosure under Texas Property Code Section 51.002 with power of sale; subordinate to recorded mortgages (Section 4.04)

Reserves & fees

Moneys collected shall be placed in a maintenance and/or reserve fund (Section 4.01)

Fences

Any Unit Owner may erect fence on dividing line of Limited Common Elements; if both agree, cost shared; if not, erecting owner bears cost and gets exclusive right; style must be agreed or use existing style (Section 2.03(d))

Architectural approval

Changes to Unit or Limited Common Elements require written consent of the other Unit Owner (unless specifically allowed in Declaration) (Section 2.03)

Maintenance

Owner responsible for roof of their Unit (Section 5.02(a))

Insurance

If determined by Members, master property insurance policy for Units and Common Elements; otherwise each Unit maintains individual policy (Section 3.08(c)(iii) and 6.01(a))

Amendments

Percentage of undivided interest in Common Elements cannot be altered without consent of all Owners expressed in recorded declaration; other amendments process not specified but TUCA governs (Section 2.06)

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