Holly Glen Condominium

Key facts from Holly Glen Condominium's documents

Reflects the 1980 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and preamble)

Governing law

Texas Condominium Act, Article 1301a of the Texas Revised Civil Statutes (Page 1, preamble)

Assessments & dues

Board adopts annual budget; assessments are proportionate to each owner's percentage share from Exhibit D, Section 7 (Bylaws 2.1, 2.2)

Special assessments

Requires approval of at least 75% of owners in interest (Bylaws 2.6)

Collections & liens

Assessments become liens; foreclosure via trustee sale (21 days notice) or judicial sale; prior liens not affected; Association can bid and acquire units (Section 12)

Reserves & fees

Adequate reserve fund for maintenance, repairs and replacements of common elements funded by regular monthly payments (Section 11)

Pets

Yes, common and domesticated household pets only (Bylaws 2.13(F))

Leasing & rentals

Yes, for same private residential purposes as owner occupancy (Section 15; Bylaws 2.13(C))

Architectural approval

Yes, for structural additions, alterations, improvements; also painting or altering exterior appearance (Section 10; Bylaws 2.10)

Home business

Prohibited; no trade, business or profession on any unit or common elements (Section 15: 'No unit or part of the comm)

Maintenance

Association (roofs are part of general common elements) (Section 5(B) includes roofs in general c)

Insurance

Fire and extended coverage, vandalism, malicious mischief, liability insurance covering buildings and units as originally delivered (excluding contents) (Bylaws 3.1(A) and (B))

Use restrictions

Units may be used only as private residences for owner, family, permitted lessees, or guests (Section 15)

Voting & meetings

Proportional to percentage ownership interest in common elements (as set forth in Exhibit D, Section 7) (Section 9 of Declaration; Bylaws 1.4)

Amendments

Unanimous owner and mortgagee consent required for termination or amendment; Developer may amend before first annual meeting to correct errors with written consent of institutional mortgagees; Developer may also amend to adjust unit dimensi (Section 20)

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