Villas of Stone Glen Condominium

Key facts from Villas of Stone Glen Condominium's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (owners' association is Villas of Stone Glen Condominium Association, a Texas non-profit corporation) (Page 1 of 83; Certificate of Formation)

Units / lots

95 maximum dwelling units (planned) (CIS page 4 of 39 ("ninety-five (95) dwel)

Governing law

Texas Uniform Condominium Act (Chapter 82, Texas Property Code); Texas Nonprofit Corporations Act (Chapter 22, Business Organizations Code); Texas Property Code §202.006 (Page 1 of 83 (preamble); Certificate of )

Age restriction

Yes; community operated as housing for persons 55 years or older; at least one occupant in 80% of occupied units must be 55+; no person under 21 (with exceptions for employees and reasonable accommodation) (Unanimous Written Consent Section XI (pa)

Assessments & dues

By Association board based on budget; each unit pays an equal share (undivided interests equal par value of 1.00) (CIS page 7 of 39)

Special assessments

Special Individual Unit Assessment may be imposed if Association performs maintenance due to owner's failure or negligence (CIS page 8 of 39)

Leasing & rentals

Leasing is permitted; Age Verification for tenants required (Attachment 5); no minimum lease term or rental cap specified in provided text (Page 1 of 83 (Attachment 5: Age Verifica)

Architectural approval

Not explicitly provided; Association's power to adopt rules is limited to implementing rules in Declaration (Certificate Formation Article VI); architectural guidelines may be in Declaration or Community Policies (Certificate of Formation Article VI, par)

Maintenance

Association (part of Common Elements structural/exterior portions) (CIS page 8 of 39 ("structural portions a)

Voting & meetings

Each unit has equal par value of 1.00, implying equal voting rights; members consist of Declarant and all unit owners; cumulative voting prohibited (Certificate of Formation Article VII (pa)

Amendments

Certificate of Formation may be amended per Code, not to conflict with Declaration or impair Declarant's rights; board may adopt amendments per §22.107 without member approval. Bylaws amended per Bylaws provisions. Declaration amendment not (Certificate of Formation Articles XI 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.