Royal Knoll Townhome

Key facts from Royal Knoll Townhome's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Royal Knoll Townhome Association

Governing law

Texas Property Code (Uniform Condominium Act) (Article IX, Section 1)

Assessments & dues

Not fixed; determined annually by Board adoption of budget (Article IV Section 2(a))

Special assessments

Board may levy additional assessments if budget insufficient; capital improvement special assessments require 75% approval of Co-Owners by mail within 35 days (Article IV Section 2(b),(c))

Collections & liens

Unpaid assessments with interest and attorney's fees constitute a lien on the Apartment-Home, superior to all except tax and first mortgage liens; power of sale granted; foreclosure sale on first Tuesday of month, 10am-4pm, with 6% commissi (Article IV Section 3(b)-(e))

Reserves & fees

Budget includes 'a reasonable allowance for contingencies and reserves' (Article IV Section 2(a))

Pets

Household pets only; no savage or dangerous animals; no commercial breeding (Article XIII Section 8)

Leasing & rentals

Yes, for single-family residence purposes; no rooms rented; no transient tenants (Article XIII Section 5)

Parking & vehicles

Parking in front of trucks, campers, boats, trailers or other vehicles that detract from appearance prohibited (Rules (1) Parking (c))

Architectural approval

Written approval required for any external modification, alteration, antenna, awning, reflective material in windows, structural changes; prior written permission for changing appearance of common elements or exterior (Article XIII Section 4)

Maintenance

Owner responsible for interior (floor coverings, wall coverings, furniture, appliances, etc.) and limited common elements (patios, balconies); Association responsible for common elements and garage door system (except accidental damage from (Article VII Section 3; Article XIII Sect)

Insurance

Fire, extended coverage, vandalism, malicious mischief, liability insurance; workers compensation if required; additional perils at Board discretion; D&O insurance min $1M (Article VI Section 1, Section 3)

Voting & meetings

Each Co-Owner entitled to vote equal to percentage value allocated to Apartment-Home; default in payment of assessments forfeits voting; each Co-Owner may vote or give proxy; if multiple owners, any one may vote unless written notice to con (Article I Section 3(c) and Section 4(a),)

Amendments

Bylaws may be amended by majority of Co-Owners in value; Declaration amendments not detailed here but reference to 75% vote for special assessments (Article IX Section 2; Article IV Section)

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