2611 Hondo Avenue Association, Inc.

Key facts from 2611 Hondo Avenue Association, Inc.'s documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1: Declaration creates 2611 Hondo A)

Legal name

2611 Hondo Avenue Condominiums

Developer / declarant

Urban Developers III LLC

Governing law

Chapter 82 of the Texas Property Code, Uniform Condominium Act (Art 1.1: Act means Chapter 82 of the Tex)

Assessments & dues

Board prepares and approves annual budget; Regular Assessments based on budget less other income (Art 5.4.2: Annual Budget; Art 5.4.3: Bas)

Special assessments

May be levied by Board for unanticipated common expenses; majority approval required for acquisition of real property, construction of additional improvements, or expenditure significantly increasing Association's responsibility (Art 5.5: Special Assessments)

Reserves & fees

HOA Sale Fees: initial buyer pays 2 months Regular Assessments to reserves + $100 to operating fund; resale buyer pays 1 month Regular Assessment to reserves; plus manager's customary fees (Art 5.12: HOA Sale Fees)

Voting & meetings

One vote per Unit, uniform, based on percentage interest in Common Elements (Art 4.4: Weighted Votes)

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