Holly Lake Condominium Association Inc.

Key facts from Holly Lake Condominium Association Inc.'s documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Freedom Financial Corporation

Governing law

Texas Property Code Chapter 209, Texas Business Organizations Code (DOC 38365, Page 5: "Section 202.006 of t)

Assessments & dues

Initial annual maintenance fee: $22.44 per month per lot ($269.28 per year). Note: may have changed; this is original 1985 rate. (DOC 38364, Section 18: "annual fee maint)

Special assessments

Board cannot levy assessment for new amenities without member vote. Board may levy special individual assessments for fines etc. (DOC 38365, Article IV Section 1(d): "Lev)

Collections & liens

Developer/Association has a vendor's lien on lot to secure payment of dues, fees, maintenance charges. Liens subordinate to construction or permanent loans. Association may foreclose. (DOC 38364, Section 18: "secured by the v)

Reserves & fees

Board may establish working capital and/or contingency fund; also maintain reserve funds for capital improvements. (DOC 38365, Article IV Section 8(j): "To )

Pets

House pets allowed. No horses, cows, poultry, or livestock without written consent of Developer. Horses and ponies may be kept as pets if number reasonable. (DOC 38364, Section 10: "No horses, cows,)

Leasing & rentals

Sale, transfer, lease not consummated unless purchaser/transferee is accepted as Association member. Lending institutions and inheritance exceptions. Board may adopt rules for rentals. (DOC 38364, Section 21: "No sale, transfe)

Parking & vehicles

Storage of boats, trailers, campers, or vehicles may be regulated by Board rules (see DOC 38365). (DOC 38365, Article IV Section 8(v): Boar)

Architectural approval

Yes, Architectural Control Committee must approve plans, specifications, and plot plans for any improvement or alteration affecting exterior design. (DOC 38364, Section 4(b): "No improvement)

Setbacks / home size

20 feet from street; 10 feet from side and rear lot lines generally, with exceptions for certain lots (lots 1-14 have larger rear setbacks: 25 feet for lots 5-14, 20 feet for lot 4, 15 feet for lots 1-3). Relief possible if terrain/dimensio (DOC 38364, Section 4(d))

Use restrictions

Yes, single family residential purposes only. No commercial activity allowed. (DOC 38364, Section 1: "USE. No lot shall)

Voting & meetings

Each Member Number gets one vote on most matters; for subdivision restriction amendments, each lot owned gives one vote. Multiple owners of a lot share one vote. (DOC 38365, Article II Section 2(a) and ()

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