Acadian Office Park at Twin Creeks Homeowners Association Inc

What Acadian Office Park at Twin Creeks Homeowners Association Inc's governing documents say

This is a second amendment to the condominium declaration for Twin Creeks Office Park, a commercial condominium in Allen, Texas, consisting of eight office buildings. It governs the owners of the eight commercial units, not residential homeowners. The document sets out the rules for ownership, assessments, insurance, maintenance, and use of the property.

• What you own & maintain: Each unit is a separate commercial office building. Owners are responsible for maintaining their unit's interior and exterior surfaces, while the association maintains common elements and limited common elements like shared HVAC and utility meters.
• Assessments & fees: Annual assessments are set by the board based on a budget and allocated by percentage interest. Special assessments may be levied for unanticipated expenses. Delinquent assessments accrue 12% annual interest and may incur late charges and attorney's fees.
• Leasing & rentals: Leases must be in writing with an initial term of at least 30 days. No transient tenants are allowed. Lessees must comply with all governing documents, and the association can collect rent directly if the owner is delinquent on assessments.
• Use restrictions: Units may only be used for office, medical/veterinary office, related uses, or retail purposes—not residential, transient, or hotel purposes. No exterior antennas or satellite dishes over one meter are allowed without board approval. Timeshares are prohibited.
• Parking & vehicles: Vehicles may not be stored on common elements for more than seven consecutive days without board permission. Inoperable or unregistered vehicles may be towed at the owner's risk.
• Insurance & damage: The association carries property and liability insurance on common elements. Owners must insure their own units and personal property. After damage, the board oversees repair and restoration, with owners responsible for their unit's deductible.
• Board control: The board has three voting members, all appointed by the owner of Unit 3. Other unit owners may appoint one non-voting member to an advisory board. The board can make rules, levy fines, and enter units for maintenance with notice.
• What this document doesn't cover: This is an amendment to the original declaration, so it doesn't include the full set of rules, bylaws, or the original declaration's provisions. It also doesn't address residential concerns like pets, age restrictions, or affordable housing.

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.