1226 Sawdust Property Owners Association, Inc.

Key facts from 1226 Sawdust Property Owners Association, Inc.'s documents

Community type

commercial development (Recitals: 'Declarant desires to develop )

Legal name

1226 Sawdust Property Owners Association, Inc. (Recitals: '1226 Sawdust Property Owners )

Developer / declarant

Woodforest National Bank, a national banking association (First paragraph of Declaration)

Governing law

Texas Property Code, Chapter 51, Section 51.002 (non-judicial foreclosure) (Section 5.14(d): 'in a like manner as a )

Special assessments

Allowed once per year, requires approval of at least 1/2 of Class A votes and joinder of Class B (if exists) (Section 5.08)

Collections & liens

Assessments constitute a continuing lien; can be foreclosed judicially or non-judicially under Texas Property Code; power of sale granted (Section 5.14)

Reserves & fees

Mentioned as allowable use of assessments and capitalization fees (Sections 5.02 and 5.10)

Leasing & rentals

Renting or leasing permitted; Occupants bound by Dedicatory Instruments (Section 8.02)

Setbacks / home size

Minimum building, paving, and parking setbacks per recorded Supplemental Amendment or other Dedicatory Instrument; more restrictive applies (Section 6.09)

Amendments

Unilateral by Declarant during Development Period; thereafter by 67% (?) of Class A votes (not fully shown in provided text) (Section 8.05 (incomplete in provided tex)

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