Oak Meadows (TX)

Key facts from Oak Meadows (TX)'s documents

Community type

Condominium (Title)

Developer / declarant

Oak Meadows Condominiums, Ltd., a Texas limited partnership (Preamble)

Governing law

Condominium Act of the State of Texas, Article 1501e, Revised Civil Statutes of Texas (Preamble)

Assessments & dues

Monthly assessment for succeeding 12-month period shall not exceed 120% of monthly assessment allowed for January of the current year (Paragraph 5.4)

Special assessments

Special assessments may be levied for unanticipated common expenses, construction, reconstruction, repair, or replacement of Common Elements; must be approved by two-thirds vote of quorum of Owners voting in person or by proxy at duly calle (Paragraph 5.5)

Collections & liens

All common monthly and special assessments, including interest at 10% per annum, constitute a lien on the Unit superior to all other liens except taxes and special assessments by governmental authorities, and liens securing sums due for pur (Paragraph 5.8)

Reserves & fees

Association shall establish a reserve for repair, maintenance, and other charges (Paragraph 5.2)

Architectural approval

No alteration or modification without submission of complete plans and specifications to Association; Board must answer within 30 days; failure to answer means no objection (Paragraph 3.8)

Maintenance

Owner maintains inner finished surfaces of perimeter and interior walls, floors, ceilings, doors, windows, paint, wallpaper, and finishing materials. Owner does not own unfinished surfaces of perimeter walls, balconies, patios, floors, ceil (Paragraph 3.9)

Use restrictions

Units are designed for residential use (Paragraph 1.1(a))

Voting & meetings

Voting provisions referenced in Article IV, Paragraph 4.5 (Table of Contents)

Amendments

Declaration may not be amended except at a meeting of apartment owners approved by holders of at least 67% of ownership interests; amendments altering or destroying a unit or limited common element must have approval of affected owners (Paragraph 2.11(a))

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