Cyprus Villas Homeowners Association Inc

Key facts from Cyprus Villas Homeowners Association Inc's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Article I; Section 2.2)

Governing law

Texas Business Organization Code and Texas Property Code (Sections 209.005, 209.006, 209.0062, 209.007, 209.0091, 209.0051(e), 209.0063(a), 209.0064(b)) (Section 3.5, 3.11, 3.12 (TBOC); Exhibit )

Assessments & dues

Board fixes amount of Assessments against each Lot in advance of each annual assessment period, and any other assessments provided by Declaration. Assessments due and payable per Declaration. (Section 6.1(g)(1); Article X)

Special assessments

Allowed; Board may fix special assessments as provided in Declaration (Section 6.1(g)(1)). Special assessment due date and delinquency date set by Board. (Section 6.1(g)(1); Collection Policy Sec)

Collections & liens

Assessments are secured by a continuing lien on the property. Board may foreclose the lien if not paid within 30 days after due date, or bring action at law. Foreclosure may be expedited (Rules 735/736) or judicial. Association may bid at f (Article X; Section 6.1(g)(2); Collection)

Reserves & fees

Up to $25 per month for each month assessment is unpaid after delinquency date (January 30). Also a charge of $25 for returned checks. (Collection Policy, Section 5; Section 7()

Architectural approval

Architectural Control Committee established by Declarant until such time as Declarant relinquishes power or no longer owns any Lot. (Article VIII)

Maintenance

Not detailed in Bylaws; Board may repair, maintain, and replace Association Property (common areas). Owner responsible for Lot and assessment payments. (Section 2.3 (Association Property); Arti)

Insurance

Board shall procure and maintain adequate liability and hazard insurance on property owned by Association. Policies shall name Declarant during Development Period and any managing agent as 'additional insured'. (Section 6.1(i))

Use restrictions

Not explicitly stated in Bylaws (likely in Declaration). (N/A)

Voting & meetings

Each Member entitled to vote as provided in Declaration. Votes may be cast in person or by written proxy. Powers of Board: suspend voting rights of Member in default of Assessment or after hearing for infraction. (Section 3.7; Section 6.1(b))

Amendments

Before Declarant Turnover Date: by unilateral vote or written consent of Declarant. After Declarant Turnover Date: by majority vote or written consent of a majority of Directors. In case of conflict with Certificate or Declaration, Declarat (Section 13.1; Section 13.2)

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