Victoria Commons Owners Association, Inc.

Key facts from Victoria Commons Owners Association, Inc.'s documents

Community type

condominium (Recital D, Recital E, Article 1 definiti)

Legal name

Durango Midrise Condominiums Owners Association, Inc. (Section 1.1.5)

Units / lots

245 (Section 2.2: Master Unit One (61 Units) )

Developer / declarant

Durango Midrise LP, a Texas limited partnership (Recital A)

Governing law

Texas Uniform Condominium Act, Title 7, Chapter 82, Texas Property Code (Recital D)

Reserves & fees

Board may impose a late charge for failure to pay by the 15th of each month (Section 7.1)

Leasing & rentals

Yes, Owner may lease/sublease Master Unit and/or corresponding Units for any permitted purpose (Section 2.9.6(j))

Architectural approval

Yes, Board approval required for structural modifications, substantial improvements, and any work on Common Elements; submissions required at least 15 days prior (Section 3.8)

Use restrictions

Yes, no part of Property may be used for purposes other than residential (Section 2.9.1)

Voting & meetings

One vote per Unit contained within Owner’s Master Unit, weighted to equal the proportionate share of ownership in the Common Elements (Section 5.2)

Amendments

Consent of Owners of Master Units to which at least 67% of (likely weighted votes) - text cut off; also requires Mortgagee approval? (incomplete in extract) (Section 11.1 (incomplete))

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