Addison Circle Townhomes One Homeowners Association

What Addison Circle Townhomes One Homeowners Association's governing documents say

This document is a 2007 amendment to the original declaration for Addison Circle Townhomes One, a townhome community in Addison, Texas. It updates rules on maintenance and insurance, and confirms the community has no common areas or capital reserves. Owners are responsible for both interior and exterior maintenance of their units.

• What you own & maintain: Each owner is solely responsible for maintenance, repair, and replacement of all interior and exterior areas of their unit, keeping it in good condition consistent with the Addison Circle-Wide Standard.
• Insurance: The association obtains a master property insurance policy covering at least 100% replacement cost of insured improvements. The deductible on that policy is paid by the individual unit owner who makes a claim. Owners may also maintain their own individual policy for contents and items not covered by the master policy.
• Common areas: The amendment deletes all articles relating to common areas because there are no common areas in the community.
• Reserve funds: The amendment deletes the section on capital reserve contributions because the association does not maintain any capital reserves.
• What this document doesn't cover: This is an amendment to the original declaration, so it does not include the full set of community rules. Topics like leasing restrictions, pet limits, occupancy standards, architectural review, or assessments are not addressed here and may be found in the original declaration or other amendments.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.