Savoy Condo

Key facts from Savoy Condo's documents

Community type

Condominium

Legal name

The Savoy Condominiums

Developer / declarant

LOMO ALTO CONDOMINIUMS, INC.

Governing law

Texas Condominium Act, Article 1301a of the Texas Revised Civil Statutes (Declaration and Master Deed, preamble)

Special assessments

allowed with prior approval of at least 67% of percentage interests (Condominium Bylaws, Article 2.03(b))

Collections & liens

automatic lien for unpaid assessments, superior except taxes and prior recorded mortgages; foreclosure allowed (Condominium Bylaws, Article 2.06)

Reserves & fees

$10.00 per day after 10th day of month (First Amendment to By-Laws, section (b))

Pets

addressed in Bylaws Article 7.06 (details not visible) (Condominium Bylaws, Table of Contents – )

Leasing & rentals

yes, each Owner may lease on any basis not inconsistent with Bylaws (Declaration and Master Deed, paragraph 6)

Parking & vehicles

underground garage; spaces assigned as limited common elements except one manager space as general common element (Declaration and Master Deed, paragraph 1)

Architectural approval

exterior improvements require prior written approval of Board, none visible from front of building (First Amendment to By-Laws, section (f))

Signs & flags

addressed in Bylaws Article 7.05 (details not visible) (Condominium Bylaws, Table of Contents – )

Maintenance

governed by Bylaws; Association maintains common elements, Owners maintain apartments and limited common elements (Declaration and Master Deed, paragraph 5)

Voting & meetings

more than fifty percent (50%) of the percentage interests (Condominium Bylaws, Article 1.03(f))

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