Lanepark Estates

Key facts from Lanepark Estates's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (LanePark Estates Homeowners Association)

Legal name

LanePark Estates Homeowners Association (LanePark Estates Homeowners Association)

Developer / declarant

LANEPARK ESTATES, INC. (LANEPARK ESTATES, INC., a Texas corporat)

Governing law

Texas Property Code Section 209.004(b) (Texas Property Code Section 209.004(b))

Assessments & dues

Board of Directors may decrease or increase the amount of the regular Annual Assessment at any time by resolution; cannot increase more than 25% above previous year without membership vote; increase over 25% requires affirmative vote of 60% (Article V, Section 5)

Voting & meetings

Amendment under Article X, Section 3 of Declaration requires 75% membership vote; Texas Property Code Section 209.004(b) sets 67%; this amendment approved by affirmative vote of at least 67%. For assessment increases over 25%, requires 60% (Article X, Section 3 of Declaration; Tex)

Amendments

Per Article X, Section 3 of Declaration (75% vote) but Texas Property Code Section 209.004(b) requires 67%; this amendment approved by affirmative vote of at least 67% of Members. (Article X, Section 3; Texas Property Cod)

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