Granado Estates L P

Key facts from Granado Estates L P's documents

Community type

Covenant / Planned Community

Developer / declarant

GRANADO ESTATES, L.P.

Governing law

Texas Property Code, Texas Business Organizations Code (Art. 5, Sec. 5.01)

Assessments & dues

Initially may not exceed $120 per year until changed by Board and until Declarant owns no Lots. (Art. 6, Sec. 6.05(a))

Special assessments

Allowed with two-thirds majority vote of Members, except maintenance of detention pond requires only Board approval. (Art. 6, Sec. 6.06, 6.07)

Collections & liens

Continuing vendor's lien and contractual lien on each Lot; Association may foreclose. (Art. 6, Sec. 6.03; Art. 7, Sec. 7.03)

Reserves & fees

Initial $5 late charge, then $10 per month; interest at 10% per year. (Art. 7, Sec. 7.01)

Pets

Reasonable number of dogs, cats, or other household pets allowed, not kept for commercial purpose. No farm animals, livestock, or poultry. (Art. 4, Sec. 4.06)

Fences

Fences must adhere to setbacks shown on Plat and be constructed of new material. (Art. 4, Sec. 4.02(a))

Signs & flags

Allowed: one sign up to 5 sq ft for sale/rent; political signs; Declarant signs; construction signs with Declarant's written consent. Others prohibited. (Art. 4, Sec. 4.04)

Setbacks / home size

Minimum 800 square feet of living area for residential buildings and manufactured homes. (Art. 4, Sec. 4.02(d))

Use restrictions

All Lots except Lots 1,2,3,45,46,47 Block 1 shall be used for residential purposes only. Residential lots: one detached single-family dwelling, max two stories. Commercial lots: may be used for commercial but no junk yard, salvage yard, tav (Art. 4, Sec. 4.01)

Amendments

While Declarant owns any interest in any Lot, Declarant may unilaterally amend for any purpose. After Declarant's right terminates, 75% of Lot owners may amend (cannot impair vested rights of an owner in his own Lot). (Art. 9, Sec. 9.04(b), (c))

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