4690 Monarch HOA, Inc.

Key facts from 4690 Monarch HOA, Inc.'s documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

4690 Monarch HOA, Inc. (Article I, Section 1.1)

Governing law

Uniform Condominium Act, Texas Property Code, Chapter 82, Section 82.001 et seq. (Article IV, Section 4.1 ("Act"))

Assessments & dues

Board of Directors establishes Monthly Assessments and Special Assessments. (Article VII, Section 7.15(a)(ii)-(iii))

Special assessments

Board may levy Special Assessments when deemed necessary to meet increased operating expenses. (Article VII, Section 7.15(a)(iii))

Collections & liens

Association may record notice of assessment lien; may foreclose nonjudicially or judicially. (Part II, A.10, A.14, A.15)

Reserves & fees

Board shall maintain Reserve Fund out of Monthly Assessments. (Article VII, Section 7.15(a)(vi))

Pets

Pets permitted subject to regulations; up to four house pets (dogs, cats, caged birds, aquarium fish). (Part I, M.3)

Leasing & rentals

Entire Unit may be leased for private residential purposes only. (Part I, E.1)

Parking & vehicles

Owners must park motorized vehicles in two-car garage within Unit. (Part I, F.1)

Architectural approval

Prior written approval of Board required for changes to Common Elements, structural alterations, exterior changes, window treatments, balcony floors. (Part I, K.1-K.4)

Home business

Personal business/professional use permitted if incidental, conforms to laws, no external evidence, and no excessive visits. (Part I, G.1)

Signs & flags

No signage on exterior of Building or Common Elements without prior written consent of Association. (Part I, G.17)

Maintenance

Owners responsible for maintenance of their Units; Association maintains Common Elements. (Part I, G.4; Article VII, Section 7.15(a)

Insurance

Owners encouraged to purchase insurance on personal property, vehicles, and Units. (Part I, C.3)

Use restrictions

Each Unit must be used solely for private residential purposes; no commercial or business purposes except incidental personal business use with conditions. (Part I, G.1)

Voting & meetings

Each Unit has one vote; if multiple owners, they arrange among themselves; if one owner casts the vote and another protests, the vote is not counted unless all owners unanimously agree by end of meeting. (Article V, Section 5.1(b))

Amendments

Bylaws may be amended by affirmative vote of 51% of Directors (with quorum) or 67% of Members voting at meeting; notice of specific amendment required not less than 10 nor more than 20 days before meeting. (Article XII, Section 12.2)

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