Oakbend Condominium Owners Association, Inc

Key facts from Oakbend Condominium Owners Association, Inc's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Oakbend Estates Condominium Association, Inc. (Section 1.1 (Association))

Units / lots

maximum of 37 Units (Section 1.1 (Condominium definition))

Developer / declarant

RGD121 Ltd., a Texas limited partnership, whose address for notice is 2500 Rockbrook Drive, #1, Lewisville, Texas 75067 (Section 1.1 (Declarant))

Governing law

Uniform Condominium Act, Texas Property Code, Chapter 82, Section 82.001 et seq. (Section 1.1 (Act))

Collections & liens

Association has lien on Unit, Rents, and Insurance Proceeds for unpaid Assessments; may foreclose non-judicially per Texas Property Code sec. 51.002 (Section 7.4)

Reserves & fees

Association shall establish and maintain adequate reserve fund funded by Monthly Assessments (Section 5.1(b))

Leasing & rentals

Yes, with conditions: minimum term of at least one year; lease in writing subject to Governing Documents; copy to Association; on forms approved by Association (Section 3.2)

Voting & meetings

Each Owner casts one vote per Unit owned; voting rights suspended during delinquency or default (Sections 4.2, 4.3)

Amendments

Declarant may file Supplemental Declarations; specific voting not detailed in excerpt but implies Declarant can amend during control period (Sections 1.1 (Supplemental Declaration),)

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