Blackland Ranch Residential Community, Inc.

Key facts from Blackland Ranch Residential Community, Inc.'s documents

Community type

Residential community governed by a nonprofit homeowners association; may include condominium units (Article 1 definitions: 'Association' as )

Governing law

Texas Finance Code (for interest); Texas Local Government Code (for improvement districts); Texas Constitution (for utility districts); generally 'Applicable Law' referenced throughout (Sections 5.11, 1.17, 1.12)

Assessments & dues

Not fixed; determined annually by Board based on budget. Budget includes estimated expenses and reasonable reserve for capital repairs. (Sections 5.1.1, 5.3)

Special assessments

Allowed for capital improvements or other necessary expenses; levied uniformly per Assessment Unit; requires Board discretion. (Section 5.4)

Collections & liens

Each Assessment is a continuing lien on the Lot or Condominium Unit. Lien is superior to all other liens except taxes, first mortgages recorded before delinquency, and home equity loans. Association may foreclose via power of sale (granted (Sections 5.1.2, 5.12)

Reserves & fees

Maintenance fund established; annual budget includes estimate for reasonable reserve for capital repairs and replacements. (Sections 5.2, 5.3(b))

Architectural approval

All Improvements (including construction, alteration, landscaping, etc.) require prior approval by the Blackland Ranch Reviewer during the Development Period, and after that by the ACC. Interior modifications not visible from other parts of (Sections 6.1, 6.3)

Voting & meetings

Each Lot or Condominium Unit has one vote (except after re-subdivision/consolidation). Declarant has four additional votes for each vote outstanding of others until expiration/termination of Development Period. Co-owners vote proportionally (Sections 3.5.1, 3.5.2, 3.5.3, 3.6.1, 3.7)

Amendments

Covenant may be amended; procedure not fully extracted but likely requires vote of Members (see Article 10.3). During Development Period, Declarant has approval rights. (Section 10.3 (referenced in table of con)

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