Winners Circle Owners Association, Inc

Key facts from Winners Circle Owners Association, Inc's documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Recitals paragraph C)

Legal name

WINNERS CIRCLE OWNERS ASSOCIATION, INC. (Section 1.03)

Developer / declarant

The Condos of Long Champ Joint Venture (Recital paragraph before Article I, page)

Governing law

Texas Condominium Act (Title 7, Property Code, V.T.C.A., Sections 81.001 et seq.) (Article 1.23)

Special assessments

Allowed for capital improvements, unexpected expenses, or to bring a unit into compliance; also for taxes if needed (Article 4.04, page 9)

Collections & liens

All unpaid assessments constitute a lien on the unit; may be foreclosed like a mortgage; power of sale granted (Article 4.05, pages 9-10)

Reserves & fees

Monthly assessments shall include adequate reserve fund for maintenance, repairs and replacement of Common Elements (Article 4.02, page 8)

Pets

Yes, subject to Bylaws and rules of the Board (Article 7.09, page 17)

Leasing & rentals

Yes, with minimum lease term of 6 months (Article 7.01(b), page 14)

Parking & vehicles

Parking spaces for parking only; no major repair or restoration of vehicles on common elements (Article 7.03, page 16)

Signs & flags

Owners prohibited from placing signs including 'for sale' or 'for rent' without board consent; Declarant may place signs until last unit sold (Article 7.05, page 16)

Maintenance

Association maintains Common Elements (including Limited Common Elements) and all improvements; Owner maintains interior of unit, fixtures and equipment serving unit (including HVAC, water heater, windows, doors); damage from owner's neglec (Article 5.01(a), 5.02, 7.13, pages 11, 1)

Insurance

Multi-peril insurance on project, fire and extended coverage, replacement cost basis at 100% insurable value; also comprehensive public liability insurance (Article 8.01(a) and (b), pages 18-19)

Use restrictions

Yes; no trade or business, but personal professional library, records, calls allowed (Article 7.01(a), page 14)

Voting & meetings

One vote per unit; vote value equals unit's Common Interest percentage (Section 3.04)

Amendments

Common Interest can only be altered with consent of all affected owners and their mortgagees; amendment of Declaration generally not detailed in text but reference to Bylaws and Act (Section 2.03, 9.06)

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