Del Lago Estates

Key facts from Del Lago Estates's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (Section 2.01(a) - Association defined as)

Legal name

Del Lago Estates

Governing law

Texas Non-Profit Corporation Act; Texas Property Code Section 51.002 (Section 2.01(a) - "organized under the T)

Assessments & dues

Amount determined annually by Board based on current maintenance costs, estimated increases, and needs of Association (Section 4.04)

Special assessments

Special Assessments up to $500 per Lot per fiscal year may be imposed by Board; any Special Assessment exceeding $500 per Lot requires approval of Owners owning two-thirds (2/3) of Lots (Section 4.05)

Reserves & fees

Late charge in an amount as Board may from time to time determine; added to any assessment delinquent for more than ten (10) days (Section 4.07)

Voting & meetings

One class of voting membership; Members (Owners) entitled to one vote for each Lot owned; if more than one Owner, they determine exercise; otherwise suspended (Section 3.08)

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