The Peninsula on Lake Austin Common Area Council of Owners, Inc.

Key facts from The Peninsula on Lake Austin Common Area Council of Owners, Inc.'s documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section: 'Condominium Project, The Penin)

Governing law

Texas Property Code Chapter 82 (adopted in its entirety) (Amendment, Section: 'Chapter 82, Texas P)

Assessments & dues

Board prepares and approves annual budget; Regular assessments derived from budget; Each unit liable per percentage in Exhibit A. (Amendment, Sections 3 and 4: 'The board )

Special assessments

May be levied by Board but must be approved by at least majority vote of owners casting votes at an association meeting. (Amendment, Section 6: 'the Board may lev)

Collections & liens

Association has a lien for all amounts due the Association as described in Texas Property Code Section 82.113. (Amendment, Section 8: 'The Association h)

Reserves & fees

Contributions to reserve funds are included in regular assessments; Individual Assessments may include amounts to establish reserves for certain groups. (Amendment, Section 2(a)(viii): 'Contribu)

Pets

Allowed, but must be leashed in walk-through easement. (Walk-Through Easement, Exhibit B, paragr)

Leasing & rentals

Yes, with restrictions. (Amendment, Section 15.)

Fences

Gates and fences between units are maintained by Association. Alterations to fences require ACC approval. (Amendment, Section 11(e)(v): 'Walls, scr)

Architectural approval

Yes, for any exterior alteration, improvement, or change. Includes repainting, windows, patio surfaces, railings, structural repairs, penetrations, etc. (Amendment, Section 11: 'Before making an)

Maintenance

Phase I (Units 1-5): Association (bearing walls, roofs, exterior walls 'in' to interior face). Phase II (Units 6-14): Owner responsibility for bearing walls, roofs, attics, exterior walls, etc. (Exhibit C: under 'Units 1-5 (Phase I)': )

Use restrictions

Implied; Units are residential condominiums. (Not explicitly stated but implied throug)

Voting & meetings

Majority of owners casting votes at a meeting or by other method where all Owners are provided opportunity to vote for certain actions (e.g., budget increase >10%, special assessments, amendments). (Amendment, Section 5: 'regular assessmen)

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