Balcones Towers Condominium

Key facts from Balcones Towers Condominium's documents

Reflects the 1974 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1, introductory paragraph)

Legal name

Balcones Towers Condominium

Developer / declarant

David B. Barrow, Jr. and Charles F. Stahl

Governing law

Condominium Act of the State of Texas, Art. 1301a, T.R.C.S., Acts 1963, 58th Legislature (Page 2, Paragraph 1.a.)

Assessments & dues

Set annually based on budget; monthly assessment = 1/12 of proportionate share of estimated annual common expenses. (Page 44-45, By-Laws Article VI Sections )

Special assessments

Supplemental budget may be prepared if estimated budget inadequate; assessed pro rata. Also capital expenditures over $1,000 require Council approval. (Page 45-46, By-Laws Article VI Sections )

Collections & liens

Unpaid assessments constitute lien on unit subordinate to taxes, prior recorded mortgages, and purchase-money liens. Foreclosure by suit; proceeds applied to costs, attorney fees, then debt. (Page 10-12, Paragraph 17)

Reserves & fees

Budget includes reserve for contingencies and reserve for replacements of common elements. (Page 44, By-Laws Article VI Section 1)

Pets

Only small household pets permitted. (Page 18, Paragraph 31.f.)

Leasing & rentals

Implicitly allowed; units may be occupied by lessee (Section 31.a.). (Page 17, Paragraph 31.a.)

Maintenance

Unit owner responsible for maintenance, repairs, replacements within his Unit (except common elements therein). Common elements (except rear yards) maintained by Board as common expense. (Page 14-15, Paragraph 25)

Insurance

Board shall obtain blanket property insurance covering buildings, structures, Units against fire and extended coverage. Insured: Council as Trustee. (Page 12-13, Paragraph 20)

Use restrictions

Each Unit shall be used and occupied for residential or office purposes only. (Page 17, Paragraph 31.a.)

Voting & meetings

One vote per unit; aggregate 46 votes. Joint owners designate one voter. Developer votes for unsold units. (Page 8, Paragraph 11)

Amendments

Declaration: requires 65% of owners (aggregating 100% common element interest) consent; Developer may amend for corrections without others' consent. By-Laws: during developer control period, developer may amend; thereafter majority vote of (Page 18-19, Paragraph 32; Page 46, By-La)

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