Pecan Acres Homeowners' Association, Inc.

Key facts from Pecan Acres Homeowners' Association, Inc.'s documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium regime under Texas Condominium Act (Condominium Declaration, Preamble)

Developer / declarant

ALLAMER CORPORATION, a Texas corporation (Declaration Preamble)

Governing law

Texas Condominium Act, Article 1301a, Revised Civil Statutes of Texas (Declaration Preamble)

Assessments & dues

By Board of Directors based on estimated expenses; after control period, monthly assessment for next 12-month period cannot exceed 110% of preceding year's same month, unless 2/3 vote of quorum approves higher (Declaration Paragraph 5.4b)

Special assessments

May be levied for capital improvements or contingencies; requires assent of two-thirds (2/3) of Members voting in person or by proxy at a meeting duly called (Declaration Paragraphs 1.1q, 5.6)

Collections & liens

Unpaid assessments constitute a lien on the Unit superior to all liens except taxes and prior recorded mortgages; may be foreclosed by power of sale per Texas Revised Civil Statutes Article 3810; Association may bid at sale; costs and attor (Declaration Paragraph 5.9)

Reserves & fees

Association shall establish a reserve fund for repair, maintenance and other charges (Paragraph 5.2); Declarant not obligated to fund reserve accounts during control period (Paragraph 5.5) (Declaration Paragraphs 5.2, 5.5)

Pets

Dogs, cats, fish, birds and other household pets may be kept in Units subject to rules (Declaration Paragraph 2.9e(12))

Leasing & rentals

Leasing permitted, but not for hotel or transient purposes; entire Unit must be leased; lease must be in writing and copy furnished to Board; lessee bound by Declaration and By-Laws (Declaration Paragraph 2.9e(13))

Parking & vehicles

Vehicles must be parked wholly within designated Parking Spaces; no parking of large commercial-type vehicles, recreational vehicles, or inoperable vehicles; no major vehicle repairs on Common Elements; Parking Spaces for parking only (Declaration Paragraph 2.9e(9))

Architectural approval

Board must answer within thirty (30) days after receipt of notice of proposed alteration; failure to answer means no objection (Declaration Paragraph 3.9)

Home business

Permitted only as incidental to residential use: maintaining personal professional library, keeping personal business records, handling personal business telephone calls or correspondence (Declaration Paragraph 2.9a (1)-(3))

Use restrictions

Each Unit shall be used for residential purposes only; no part of Property may be used for other than housing and related common purposes (Declaration Paragraph 2.9a)

Voting & meetings

Each Owner entitled to one vote per Unit, weighted by percentage of value assigned to Unit as set forth in Declaration and Master Deed (Articles of Incorporation Article V; Dec)

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