Sun Chase V Condominiums

Key facts from Sun Chase V Condominiums's documents

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

Community type

condominium (Page 1: "A Residential Condominium")

Legal name

Sun Chase V Condominium Community, Inc.

Developer / declarant

LENNAR HOMES OF TEXAS LAND AND CONSTRUCTION, LTD., a Texas limited partnership (Page 7, Recital A)

Governing law

Texas Uniform Condominium Act, Chapter 82 of the Texas Property Code (Article 1.1 Definition of "Act")

Assessments & dues

Board prepares annual budget and Regular Assessments are based on that budget (Article 6.4.2: Annual Budget - Regular)

Special assessments

Allowed; Board may levy Special Assessments for unanticipated Common Expenses (Article 6.5)

Collections & liens

Assessment is a continuing lien on the Unit, superior to most other liens, enforceable by judicial or non-judicial foreclosure (Articles 7.1, 7.2, 7.5)

Reserves & fees

Association may maintain reserves from Regular Assessments (Article 6.8)

Leasing & rentals

Yes, subject to lease conditions (Article 11) (Table of Contents: Article 11 UNIT LEASI)

Architectural approval

Master Reviewer approval required for all improvements (Article 10.1)

Maintenance

Owner maintains Unit roof (Unit includes roof) (Article 5.2.2: Unit includes roof)

Insurance

Association to maintain insurance (Article 14) (Article 14.1: Association insurance)

Voting & meetings

One vote per Unit, weighted equally (Article 5.6)

Amendments

By vote of Owners; Declarant may amend unilaterally during Development Period for limited purposes (Article 18 and Appendix A.3.4)

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