Park Towers

What Park Towers's governing documents say

This is a partial, ancillary document: the Tenth Amendment to the Declaration and Master Deed for Park Towers, a condominium in Addison, TX. It does not restate the community's full rules — it only authorizes the possible conversion of three specific penthouse-level restrooms (currently common elements) into parts of adjacent units. The main rulebook is the Declaration and Master Deed, as previously amended.

• Conversion of common elements: The amendment allows the Association to expand Units P1A, P2A, and P3A to include the adjacent penthouse restrooms, converting those restrooms from common elements to part of the unit.
• Conditions for conversion: Before conversion, the unit owner must submit construction plans to the Association, obtain Board approval, pay the Fair Market Value (average per-sq-ft sales price over prior 12 months, excluding distressed sales), reimburse all Association costs (attorneys' fees, recording, floor plan update, and a share of this amendment's costs), and get consent from the unit's institutional first mortgage holder.
• No change in ownership interest: The ownership interest percentage assigned to the affected unit is not changed by the conversion.
• What this document doesn't cover: This amendment does not define general rules about pets, leasing, assessments, parking, age restrictions, or any other typical condominium regulations. Those are found in the full Declaration and Master Deed and other governing documents.

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.