Collinwood Townhomes/Condominiums

Key facts from Collinwood Townhomes/Condominiums's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article 1.B: "Condominium" means the fee)

Legal name

Collinwood Townhomes II Condominiums

Developer / declarant

Collinwood Corporation (Preamble: "THE COLLINWOOD CORPORATION, a)

Governing law

Condominium Act of the State of Texas (Preamble: "under the Condominium Act of )

Assessments & dues

By Board of Directors or Managing Agent; budget adopted; monthly assessment set; may be rounded to nearest dollar (Declaration Para.19: "the Board of Direc)

Special assessments

Allowed; Board may levy special assessments as specified in By-Laws (Declaration Para.19: "The Board of Direc)

Reserves & fees

Adequate reserve funds for replacement of Common Element components; funded by regular monthly payments from assessments (Declaration Para.28.D: "The Association )

Leasing & rentals

Yes, subject to restrictions (Declaration Para.11: "an Owner shall hav)

Signs & flags

Owners prohibited from placing sales or other signs in common areas; Declarant may place signs in common stairways, walks, drives during sales periods (Declaration Para.11: "Owners other than )

Maintenance

Roof is part of General Common Elements (exterior walls, roof); responsibility of Association (Declaration Para.1.D: "General Common El)

Insurance

Any and all deductibles paid as Common Expense (By-Laws Art.IV.3(d): "The Association sh)

Use restrictions

All units shall be used and occupied for single family residence purposes (Declaration Para.11: "all Units shall be)

Voting & meetings

Proportional to percentage interest in Common Elements per Exhibit C (By-Laws Art.II.2: "Voting shall be on a )

Amendments

Requires 75% of Common Elements and 75% of mortgagees consent; certain items (percentages, boundaries, common expense liability, votes, fundamental use) require unanimous consent of all Owners; before first annual meeting, Declarant may ame (Declaration Para.18: "This Declaration s)

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