Soco Urban Loft Condo

Key facts from Soco Urban Loft Condo's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Articles of Incorporation, Article IV: p)

Legal name

SoCo Urban Loft Condominium Association, Inc.

Governing law

Texas Uniform Condominium Act (Texas Property Code Chapter 82) (Bylaws Section 4.1: 'Act' means the Unif)

Assessments & dues

Board of Directors determines Common Expenses and establishes Monthly Assessments, subject to annual budget and may increase or decrease (Bylaws Sections 7.15(a)(ii), 7.16)

Special assessments

Board may levy a Special Assessment in the event of emergencies (Bylaws Section 7.16: 'nothing herein con)

Collections & liens

Board may collect delinquent Assessments by suit or otherwise; lien rights implied but not detailed (Bylaws Section 7.15(a)(ix): 'collect del)

Reserves & fees

Board shall maintain a reserve fund out of Monthly Assessments adequate for capital improvement repair and replacement (Bylaws Sections 7.15(a)(iv) and (v))

Pets

True, but restricted (Initial Rules K-2: 'Permitted Pets')

Leasing & rentals

True, entire unit only (Initial Rules O-1: 'an entire unit ... m)

Parking & vehicles

Prohibited without board consent: trailers, boats, recreational vehicles, buses, large commercial trucks, industrial vehicles (Initial Rules H-1)

Home business

Permitted if no clients, customers, or business invitees; no signs; no nuisance (Initial Rules D-1: 'This restriction sha)

Use restrictions

True (Initial Rules D-1: 'Each unit must be us)

Voting & meetings

One vote per Unit; multiple owners must arrange one vote; voting suspended if delinquent in assessments or default (Bylaws Section 5.1(a) and (b))

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