Ridgmar Estates

Key facts from Ridgmar Estates's documents

Reflects the 1972 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium ("establish a Condominium Project known a)

Legal name

Ridgmar West Association (a Texas non-profit corporation) (Bylaws Article I, Section 1)

Governing law

Texas Condominium Act (Article 1301a of the Texas Revised Civil Statutes) ("pursuant to the provisions of the Texas)

Assessments & dues

Board of Directors establishes annual budget and adopts assessment for the year (Bylaws Article II, Section 2A)

Special assessments

May be levied by Board of Directors, but requires prior approval of at least 75% of percentage values of all Co-Owners (Bylaws Article II, Section 2B)

Collections & liens

Unpaid assessments may be collected out of sales proceeds of the Apartment-Home in accordance with Section 18 of the Act; also suit at law for money judgment (Bylaws Article II, Sections 3 and 5)

Reserves & fees

Not explicitly required, but budget shall include 'a reasonable allowance for contingencies and reserves' (Bylaws Article II, Section 2A)

Pets

Only household pets; no commercial breeding; no savage or dangerous animals; no more than one household pet without written permission from Board of Directors (Bylaws Article VI, Section 6)

Leasing & rentals

Co-Owner may lease his Apartment-Home for same purposes (residential) provided lease transaction complies with Article VI, Section 11; no transient tenants accommodated (Bylaws Article VI, Section 3)

Maintenance

Each Co-Owner responsible for reconstruction, repair, replacement of interior of his Apartment-Home, including floor coverings, wall coverings, draperies, interior walls, furniture, appliances (including built-in), and costs not covered by (Bylaws Article V, Section 3)

Insurance

Fire and extended coverage, vandalism and malicious mischief, liability insurance, and if required workmen's compensation; amount equal to maximum insurable replacement value of buildings and common elements excluding foundation and excavat (Bylaws Article IV, Section 1)

Use restrictions

Apartment-Homes shall be used for single-family residence purposes only; common elements used consistently (Bylaws Article VI, Section 1)

Voting & meetings

Each Co-Owner entitled to vote equal to percentage of value assigned to owned Apartment-Homes (Bylaws Article I, Section 3(c); Master D)

Amendments

Termination, revocation, or amendment requires unanimous consent of all Co-Owners and mortgagees, except before first annual meeting Developer may amend with written consent of any institutional mortgagee (without Co-Owner consent). Bylaws (Master Deed paragraph 8; Bylaws Article )

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