Stobaugh Street Condominiums

Key facts from Stobaugh Street Condominiums's documents

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

Community type

Condominium (condominium regime under Texas Uniform Condominium Act) (WHEREAS clauses, Article I definitions)

Legal name

Stobaugh Street Condominiums Owners Association (Section 1.1, 3.1)

Units / lots

8 (no more than eight Units) (WHERAS clause: 'no more than eight (8) U)

Developer / declarant

Crestview Development LLC, a Texas limited liability company (First page)

Governing law

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

Assessments & dues

Board estimates net charges annually; assessed to each Owner in ratio of number of Units owned to total Units (Section 4.5)

Special assessments

Allowed if Regular Assessments inadequate; levied and collected same manner as Regular Assessments (Section 4.6)

Collections & liens

Association has a lien on each Unit for delinquent assessments. May enforce lien through non-judicial foreclosure pursuant to Texas Property Code §51.002, with power of sale through a trustee. Lien subordinate to prior recorded mortgages. (Section 4.4)

Reserves & fees

Required; funded through monthly assessments rather than special assessments (Section 7(j))

Architectural approval

Alterations to Common Elements require written Board consent; alterations visible from street or other units require consent; exterior paint color change requires other Unit Owner consent (Section 5.1(d)-(f), Section 5.1(i))

Maintenance

Association responsible for General Common Elements (roof, foundation, exterior walls, etc. if affecting all units and expert-determined necessary); Unit Owner responsible for Unit interior, Limited Common Elements, fixtures, and repairs (Section 3.8(a), Section 5.2(a)-(e))

Insurance

Property insurance for full insurable replacement value of Units and Common Elements; commercial general liability insurance of at least $1,000,000 per occurrence (Section 3.8(c)(iii)-(iv))

Voting & meetings

Each Unit entitled to equal number of votes; if multiple owners, vote count adjusted to match unit with highest owner count; example: Unit A (1 owner) and Unit B (3 owners) each get 3 votes (Section 3.3)

Amendments

Must be approved at meeting of Board; written amendment signed and acknowledged by President or officer; recorded in Travis County (Section 8.1(b)-(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.