Marymont Townhouse Homeowners

Key facts from Marymont Townhouse Homeowners's documents

Community type

Covenant / Planned Community

Legal name

Marymont Townhouse Homeowners Association

Developer / declarant

MORTON/SOUTHWEST COMPANY, a Texas corporation (Opening paragraph)

Governing law

Texas (nonprofit corporation) (Section 1.1)

Assessments & dues

Maximum $360 per lot until January 1 following conveyance of first lot (Section 4.3)

Special assessments

Allowed for capital improvements with 66-2/3% vote of each class (Section 4.4)

Reserves & fees

Interest at 6% per annum from due date (Section 4.8)

Pets

Yes, dogs, cats or other household pets, not to exceed a total of 2, not for commercial purposes, not a nuisance (Section 8.8)

Parking & vehicles

Each lot owner entitled to use of not more than 2 automobile parking spaces, permanently assigned by association. Other parking areas controlled by board. (Section 2.3)

Architectural approval

Yes, for any building, fence, well, other structure, exterior addition or alteration; plans to be submitted to board or architectural committee (Section 5.1)

Signs & flags

One sign not exceeding 5 square feet advertising sale or rent (Section 8.6)

Insurance

Association may obtain blanket property insurance on common area buildings and structures, including vandalism and comprehensive public liability insurance. (Section 4.11 (a) and (b))

Voting & meetings

Two classes: Class A (owners except declarant) one vote per lot; Class B (declarant) three votes per lot. Class B ceases when Class A votes equal Class B or on 5th anniversary of declaration. (Section 3.2)

Amendments

First 20 years: 90% of lot owners; thereafter: 75% of lot owners. Amendment must be recorded. (Section 10.3)

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