Mount Vernon Condominium

Key facts from Mount Vernon Condominium's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recitals; page 1)

Units / lots

2 (maximum no more than Two (2) Units) (Recitals; Art 1.18 (Project definition);)

Governing law

Texas Uniform Condominium Act (TUCA) – Chapter 82 Texas Property Code (Recitals; Art. 1.08? Actually page 1: "w)

Assessments & dues

Not fixed; Board estimates annual budget and levies accordingly (Art 4.05)

Special assessments

Allowed when regular assessments inadequate; levied same as regular assessments (Art 4.06)

Collections & liens

Association has lien on each Unit for unpaid assessments; may foreclose non-judicially under Texas Property Code 82.113; power of sale granted to Association; lien subordinate to first purchase-money mortgages (Art 4.04, 4.03)

Reserves & fees

Required for periodic replacement of Common Elements; funded through regular assessments (not special assessments) - from mortgagee protection section (Art 7.01(j))

Leasing & rentals

Not explicitly prohibited; Unit may be leased but not mentioned in restrictions. Transfer of Unit includes membership and presumably right to lease. (Art 3.02 (membership transfers) but no s)

Fences

Fences on dividing line between Limited Common Elements may be erected with mutual agreement; costs shared equally if on dividing line; otherwise owner erecting fence bears cost and has right to have most preferable side facing his Unit. (Art 2.03(a))

Architectural approval

Yes, for alterations visible from street or other Units; also for changes to General Common Elements. After Declarant Control Period, Owner may make changes to Unit or Limited Common Elements as specified: fences, interior decoration, and a (Art 2.03, 5.01(f), 5.01(e))

Signs & flags

Not specifically mentioned (except advertising by declarant in Art 5.05)

Maintenance

Owner maintains roof of Unit (part of Unit interior/exterior). Association maintains roof only if it is part of General Common Elements (i.e., affects both Units). (Art 5.02(a) (owner), 3.08(a)(i) (associa)

Insurance

Master property insurance for full insurable replacement value of Common Elements and Units; extended coverage; all risks; also liability insurance minimum $1,000,000 per occurrence. (Art 3.08(c)(iii), 3.08(c)(iv))

Use restrictions

Implicit: Property is for residential condominium; specific restrictions on use (no temporary structures, etc.) but not explicitly stating only residential (Art 5.01)

Voting & meetings

Per Unit basis; each Unit entitled to votes as shown in Exhibit B (50% each) (Art 3.03; Exhibit B)

Amendments

Amendment requires approval of at least 67% of ownership interests at a meeting. Cannot alter or destroy a Unit or Limited Common Element without consent of affected Owner and first lien mortgagee. Amendment must be recorded in Travis Count (Art 8.01)

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