Owners of Veranda Association, Inc.

Key facts from Owners of Veranda Association, Inc.'s documents

Legal name

Veranda Owners Association, Inc. (Article 1.4, Article 2.2)

Developer / declarant

Veranda Dallas Condominiums, LLC, a Texas limited liability company (first paragraph of Declaration)

Governing law

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

Special assessments

May be levied for purposes not anticipated by annual budget or reserve funds; must be approved by at least a majority of votes in Association for certain purposes (Article 5.6)

Reserves & fees

Delinquent Assessments subject to reasonable late fees determined by Board (Article 7.2)

Leasing & rentals

Yes, subject to conditions (Article 11)

Signs & flags

For sale or lease signs may be placed in front of each Unit facing a city street; additional sign at end of building with rider saying 'interior unit' (Article 12.9)

Use restrictions

Use of Unit limited exclusively to residential purposes; home business allowed if incidental, no external evidence, no public visits (Article 12.3)

Voting & meetings

One vote per Unit, uniform (Article 4.4)

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