Village of Teel Crossing Owners Association, Inc.

Key facts from Village of Teel Crossing Owners Association, Inc.'s documents

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

Community type

Condominium (Article I, Definitions (f) 'Condominium')

Units / lots

Maximum 7 (Section 3.1(a)(2): 'the maximum number o)

Developer / declarant

Huffman Builders, L.P. (Opening paragraph: 'made on the 8th day )

Governing law

Texas Uniform Condominium Act (Chapter 82 of Texas Property Code) (WHEREAS clauses: 'under the Texas Unifor)

Assessments & dues

Determined by Board based on adopted Budget; not a fixed amount (Section 5.1(a): 'the Board shall adopt a)

Special assessments

Allowed if Board determines Regular Assessments insufficient; levied like Regular Assessments (Section 5.4: 'it shall make a Special As)

Collections & liens

Association has a continuing lien on the Unit for unpaid assessments, with power of sale; can foreclose judicially or non-judicially, but not for fines alone (Section 5.5: 'the Association has a cont)

Reserves & fees

Association may establish adequate reserves and contingency funds, funded by Regular or Special Assessments (Section 5.3: 'The Association may establ)

Pets

Only fish and birds may be kept in Units, subject to Association rules; no other animals (Section 6.1(n): 'No animal, livestock, r)

Leasing & rentals

Yes, but only for use as general business office or medical profession (Section 6.1(o): 'No Unit Owner shall be )

Parking & vehicles

Large commercial-type vehicles prohibited (Section 6.1(m): 'No Unit Owner shall par)

Architectural approval

Prior written permission of Association required before changing appearance of Common Elements or exterior of Unit (Section 6.5(b): 'May not change the appe)

Home business

Only general business or medical offices allowed (Section 6.1(b): 'for any purpose other t)

Maintenance

Association responsible for Common Elements; Owner responsible for their Unit and for utility installations serving only their Unit, as well as windows and doors serving only their Unit (Section 6.3(a), (b), (c))

Insurance

Property insurance on Common Elements for fire, vandalism, malicious mischief, extended coverage; liability insurance covering Common Elements with minimums specified (Section 7.3(c) and (b))

Voting & meetings

Each Owner's vote equals their Allocated Interest as set forth in Exhibit B (Section 4.3(a) and (b))

Amendments

Declarant has right to amend to correct errors, for clarification, compliance, or lender requirements without other Owner consent (Section 3.4); otherwise, amendment presumably per Act (Section 82.058) – not fully detailed in this document (Section 3.4)

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