Springtree Crossing Condominium Association

Key facts from Springtree Crossing Condominium Association's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Units / lots

112 (Article 2.01)

Governing law

Texas Condominium Act, Article 1301a of the Texas Revised Civil Statutes (Declaration preamble)

Assessments & dues

Board estimates net cash requirements for the year and assesses Owners according to percentage interest in Common Elements. (Article 4.01)

Special assessments

Board may levy a further assessment if estimated funds prove inadequate. (Article 4.01)

Collections & liens

Deed of Trust lien created on each condominium. After notice and recordation of notice of assessment, foreclosure by public auction under Texas law. (Article 4.07)

Reserves & fees

Assessments must include an adequate reserve fund for maintenance, repairs, and replacement of Common Elements. (Article 5.09(E))

Voting & meetings

Two classes: Class A (all Owners except Developer) – one vote per condominium; Class B (Developer) – initially votes equal to one more than total Class A. Control transfers to Class A when 75% of votes held by Class A members. (Article 3.02)

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