East Univ Pl Condo

Key facts from East Univ Pl Condo's documents

Reflects the 1978 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1: 'condominium regime')

Legal name

University Place Condominium

Developer / declarant

Real Investments, Inc.

Governing law

Texas Condominium Act (Page 1: 'Texas Condominium Act')

Assessments & dues

Pro-rata share based on percentages in Para 13, assessed monthly or periodically by Council of Co-Owners or Board (Para 14(9) page 24)

Special assessments

Allowed for any valid expense or charge assessed pursuant to Act, Declaration, or Bylaws (Para 14(9) page 24)

Collections & liens

Assessments become liens against unit when due; may be foreclosed by suit; lien subordinate to prior mortgages and taxes (Para 15 page 25-26)

Reserves & fees

Reasonable contingency funds may be included in assessments (Para 14(9): 'reasonable contingency fund)

Leasing & rentals

Yes, subject to covenants and restrictions; not for transient/hotel purposes (Para 16 page 25-26)

Home business

Prohibited (no business or commercial use) (Para 14(2) page 22)

Use restrictions

Apartment units shall be occupied and used only for residential purposes as a private dwelling; no business or commercial use (Para 14(2) page 22)

Voting & meetings

Percentage based on square footage of unit relative to total; see percentages in Para 13 (Para 13 page 20-21)

Amendments

Declaration may be amended only by unanimous written consent of all owners and mortgagees; Bylaws amended by Council of Co-Owners per Bylaws provisions (Para 14(8) page 24; Para 14(6) page 24)

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