Bandera Landing Bsns Pk #

Key facts from Bandera Landing Bsns Pk #'s documents

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

MARINA LANDING I UNIT OWNERS' ASSOCIATION, INC. (Recital C; Article 1.3)

Governing law

Texas Condominium Act (Title 7 of the Texas Property Code) (Preamble paragraph C; Article 1.23)

Special assessments

Board may levy special assessments for capital improvements or unanticipated expenses, and for compliance violations; assessed proportionally or individually (Article 4.4)

Reserves & fees

Annual Assessments shall include adequate reserve fund for maintenance, repairs, and replacement of Common Elements (Article 4.2)

Leasing & rentals

Owners have absolute right to lease Unit subject to all covenants, conditions, and rules; Declarant reserves right to rent/lease Units prior to initial transfer (Article 7.8)

Signs & flags

Owners (other than Declarant) prohibited from placing signs on Common Elements or publicly visible from Unit; vacant Units may have single 'for rent'/'for lease' sign on storefront; Board may provide pylon sign and allow business name ident (Article 7.4)

Voting & meetings

One vote per percentage point of Common Interest (as shown in Exhibits B & B-1) (Article 3.4)

Amendments

Requires consent of 67% of Common Interest and all holders of recorded first lien Mortgages, except changes to Common Interest percentage require unanimous consent of all Owners; revocation requires unanimous consent of all Owners and all f (Article 9.6)

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