Lakeridge Townhomes Homeowners Association, Inc

Key facts from Lakeridge Townhomes Homeowners Association, Inc's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Lakeridge Townhomes Homeowners Association, Inc., a Texas non-profit corporation (Preamble of the Amendment; Article I(d) )

Governing law

Texas Residential Property Owners Protection Act §209; Texas Property Code §51.002 (non-judicial foreclosure) (Section 5.04(c) - 'required notice and m)

Assessments & dues

Not fixed; determined annually by Board of Directors. (Section 5.04(a) - 'The Board of Director)

Special assessments

Two types: (1) Special capital assessments for construction, reconstruction, repair, or replacement of improvements, must be approved by Members per Section 3.03; (2) Special individual assessments for reimbursement of costs due to owner's (Section 5.05)

Collections & liens

Assessment lien attaches to Lot; superior to all except tax liens and first mortgages. Association may foreclose non-judicially under Texas Property Code §51.002. Private power of sale granted. Also may pursue personal judgment. (Sections 5.09(b)-(c); 5.10 (subordinatio)

Reserves & fees

Board may establish reserve funds for capital repairs, replacements, and other purposes. Funds may be held in separate irrevocable trusts. (Section 6.05 - 'The Board may establish )

Pets

Yes, maximum of 4 generally recognized house or yard pets (no livestock/poultry). Must not become a nuisance. Board determines if a pet is a nuisance. No visible animal housing structures without ARC approval. (Section 9.01(b))

Leasing & rentals

Yes, but minimum lease term of 30 days. Lease must be in writing and subject to Declaration, Bylaws, and rules. (Section 9.02(b) - 'No Lot or improvement)

Fences

Max 6 feet in height. Construction materials must be new wood and/or masonry or other approved material by ARC. (Section 9.01(v))

Architectural approval

Yes, for any 'Improvement' as defined (buildings, fences, walls, mass plantings, driveways, signs, exterior changes). Exceptions for garden shrub replacements, repairs not changing exterior appearance, and certain fire/casualty repairs if s (Sections 10.02, 10.04)

Signs & flags

Only allowed signs: one For Sale sign (max 2x3 ft, ground-mounted, max 3 ft high), Declarant/Builder signs, Political signs (max 4x6 ft, ground-mounted, displayed max 90 days before election, removed within 10 days after, one per candidate/ (Section 9.01(p))

Maintenance

Association maintains roof and exterior of all townhomes, landscaping, irrigation, sidewalks, screening walls. Owner maintains fencing and landscaping within fenced rear/side yards. Owner responsible for interior and for clearing debris aft (Sections 6.01(b), 6.01(c), 7.05)

Use restrictions

All Lots shall be used solely for single-family residential purposes. (Section 9.02(a))

Voting & meetings

Two classes: Class A Members - one vote per Lot owned; Class B Members (Declarant) - six votes per Lot owned. Class B membership ceases when Class A votes exceed Class B votes by 8 times, or Declarant no longer owns any Lot, or 10th anniver (Article III, Sections 3.02(a), 3.02(b), )

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