Lakeside Green Owners Association, Inc.

Key facts from Lakeside Green Owners Association, Inc.'s documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration: "Condominium Regime"; Notic)

Legal name

LAKESIDE GREEN OWNERS ASSOCIATION, INC. (Articles of Incorporation Article I; By-)

Developer / declarant

MARIX HOUSING CORPORATION, a Texas corporation (Declaration, introductory paragraph; By-)

Management

Board shall enter into management agreement with a management company. Duties include fiscal management (budgets, collections, reserve funds), physical management (maintenance, contracts, personnel), administrative management (insurance, co (By-Laws §7.1 (a, b, c))

Governing law

Condominium Act of the State of Texas, Article 1301a, Revised Civil Statutes of Texas (now Texas Property Code Chapter 82) (Declaration, introductory paragraph; By-)

Assessments & dues

Fixed, determined, levied and collected by the Board of Directors; by majority vote of Board may adjust, decrease or increase subject to Declaration (By-Laws §5.3(e))

Reserves & fees

Board to maintain a reserve for replacement fund (sinking fund) for capital expenditures (By-Laws §7.1a(2) (Management Company dut)

Pets

Yes, with restrictions (Rules & Regulations (PETS))

Leasing & rentals

Not explicitly addressed in the provided excerpts. Implicitly allowed as owners can rent, but no specific restrictions.

Use restrictions

Condominium Units for one-family residential dwelling use (Declaration §3.4: "ONE-FAMILY RESIDENTIA)

Voting & meetings

One vote per Unit, weighted to equal proportionate share of ownership in Common Elements. Voting not split among more than one Unit Owner. (By-Laws §3.2)

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