Summer Cove 1 Owners Association, Inc.

Key facts from Summer Cove 1 Owners Association, Inc.'s documents

Community type

Single-family residential subdivision (Phase II) (Recitals: 'residential community' and Ar)

Legal name

Summer Cove II Homeowners, Inc. (Recitals: 'Declarant will incorporate … )

Developer / declarant

Thorstar, Inc., a Texas corporation (Opening recital)

Governing law

Texas law (implied by location and incorporation as a Texas non-profit) (Recitals: 'incorporated under the laws o)

Collections & liens

Unpaid assessments become a continuing lien on the Lot and personal obligation of the Owner; Association may enforce by all methods available for enforcement of liens; may notify mortgage holders of default; right to collect costs including (Section 5.08 (a), (b), (d))

Reserves & fees

Greater of 10% of then-established regular annual assessment per Lot OR $500.00 (Section 5.08 (c))

Use restrictions

All Lots shall be used for residential purposes only; only a single-family dwelling and a private garage for 2-4 automobiles may be built. No building shall exceed 2 stories. (Section 8.01)

Amendments

Not explicitly detailed in the extracted text, but references to amendments in definitions and sections imply amendments may be made; specific procedure not found.

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