Leeward Cove

Key facts from Leeward Cove's documents

Community type

condominium (Title and recitals)

Legal name

Leeward Cove Owners Association, Inc., a Texas non-profit corporation (Article 1.1.f)

Developer / declarant

Tri-Star Ventures, Inc., a Texas corporation (Recitals, first WHEREAS)

Governing law

Texas Condominium Act, Section 81 of the Texas Property Code Annotated (Vernon 1984) (Recitals, second WHEREAS)

Assessments & dues

Based on cash requirements; initial assessment set by Board. After Declarant control period, may increase up to 110% of prior January assessment annually; greater increase requires 67% vote of quorum of Owners. (Article 5.3, 5.4.b)

Special assessments

May be levied for capital improvements with assent of 2/3 of votes of Members voting in person or by proxy at a meeting duly called. Also for breach requiring repair. After Declarant control, special assessments for improvements require 67% (Article 1.1.s, Article 5.6)

Collections & liens

Unpaid common expenses constitute a lien on the unit superior to all other liens except taxes and prior recorded mortgages. Association may foreclose in accordance with Texas law for deeds of trust; includes right to rent receiver. (Article 5.9)

Reserves & fees

Association shall establish adequate reserve funds for replacement of Common Element components and fund them by regular monthly payments. (Article 7.4)

Pets

Yes, dogs, cats, fish, birds and other household pets may be kept subject to rules and prior written approval of Board. (Article 2.9.e(12))

Leasing & rentals

Unit may be leased only as entire unit; lease must be in writing and copy furnished to Board; lessee bound by Declaration and By-Laws. (Article 2.9.e(13))

Parking & vehicles

Parking only within designated Parking Spaces; no inoperable vehicles; no large commercial vehicles; no recreational vehicles (camper, motor home, truck, trailer, boat, mobile home); no vehicle repairs on common elements; parking spaces for (Article 2.9.e(9))

Home business

Permitted only if customarily incidental to residential use (personal library, records, phone calls). (Article 2.9.a(1)-(3))

Insurance

Owner responsible for contents and personal property; must furnish copy of policy to Association. (Article 4.6.d)

Use restrictions

Each unit shall be used for residential purposes; limited exceptions for personal business records, phone calls, library. (Article 2.9.a, 3.4)

Voting & meetings

One vote per unit, weighted by proportionate share of ownership in Common Elements (per Exhibit B). Declarant may vote for unsold units. (Article 4.5.b)

Amendments

Not detailed in extracted text; refers to Article VIII; however, amendments require consent of First Mortgagees (51% unless higher required by law) for certain items (Art. 7.7). (Article 7.7, Article 8.1 (reference only)

Amenities

Recreation areas, fishing piers, patios, boat docks, swimming pool(s) (if any), green areas. (Article 2.4, Article 1.1.k(5) (swimming )

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