Oak Springs Drive Condominiums

Key facts from Oak Springs Drive Condominiums's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recitals and Article I)

Legal name

2712 Oak Springs Drive Condominium Homeowners Association, Inc. (Article I(a))

Units / lots

2 residential condominium units (Recitals B)

Developer / declarant

TBARS GS RD, LLC (Opening paragraph)

Governing law

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

Special assessments

Allowed for construction, unexpected major repair, replacement of capital improvements (Section 5.6)

Collections & liens

Express contractual lien on unit, superior to all except taxes and first mortgages; power of sale (Article V, 5.9: secured by an express co)

Reserves & fees

May establish adequate reserve funds for replacements, funded by regular Common Assessments (Section 7.5 and Section 5.3)

Leasing & rentals

Yes, subject to conditions: all leases in writing, copy of current regulations provided to tenant, Owner and Tenant comply with Declaration and Rules (Section 2.9(3) and Section 4.4.h)

Fences

New fence requires written approval of all Unit Owners; must comply with City of Austin codes (Article II, 2.9(5))

Architectural approval

Yes, for exterior alterations, additions, modifications; Board must respond within 30 days (Article III, 3.8: No Owner shall materia)

Home business

Allowed for home office, personal business records, professional telephone calls, without clientele at Unit (Section 2.9.a(1)-(3))

Insurance

Homeowners insurance covering unit and limited common elements, minimum $1,000,000 liability (Article IV, 4.6(a) and (b): policy limit)

Use restrictions

Yes, with exceptions for home office, incidental business, leasing (Article II, 2.9(a): Each Unit shall be u)

Voting & meetings

Each Unit entitled to 1 vote; each Unit has 50% of Votes (Section 4.5.c)

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