1501 Arcadia Condominiums

Key facts from 1501 Arcadia Condominiums's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I Section 1)

Legal name

1501 Arcadia Condominiums

Developer / declarant

Lewis Family Investment Company #2 AIST Gr 2 Dies limited liability company

Governing law

Texas Uniform Condominium Act (Chapter 82 of the Texas Property Code) (Article I Section 1)

Assessments & dues

Board adopts annual budgets and levies assessments in compliance with Section 82.112 of the Act. Each Unit's share of common expenses is 50%. (Article IV Section 1; Article VII Sectio)

Special assessments

Allowed when necessary, e.g., for repairs, maintenance, insurance. Must be payable not less than 45 days if for safety/preservation. (Article IV Section 2; Article XIII Secti)

Collections & liens

Assessments are a continuing lien on the Unit under Section 82.113 of the Act. Subordinate to first lien purchase money mortgage or initial construction mortgage. (Article IV Sections 4 and 5)

Reserves & fees

Initially no regular assessments for reserve. Later may be established. 'Assessments shall be large enough to provide for an adequate reserve fund for maintenance, repairs and replacement of those Common Elements that must be replaced on a (Article IV Section 2; Article XIV(j))

Pets

Domestic household pets allowed, but no pigs, hogs, swine, poultry, fowl, wild animals, cattle, sheep, goats, or any non-domestic animal. No vicious or fighting pets. Must pick up feces promptly. (Article VIII Section 1(h))

Leasing & rentals

Rentals allowed for residential purposes, but not subject to time-sharing agreements. Leases must be in writing, subject to Declaration and Bylaws, and comply with local laws. (Article VIII Section 1(i))

Fences

Either Owner may erect fence on Unit Dividing Line or within boundaries. If on dividing line, must agree on style; if not, existing style considered. Costs shared if agreed; if only one wants fence, that Owner bears cost and gets preferable (Article V Section 8)

Architectural approval

After Declarant Control Period, changes to Unit or Limited Common Elements require consent of other Unit Owner. Changes to General Common Elements require approval of both Unit Owners. (Article V Section 6; Article VIII Sectio)

Home business

Permitted as home office. (Article VIII Section 1(a))

Insurance

Each Owner must obtain property insurance on their Unit for 100% replacement cost, and liability insurance of at least $500,000 per occurrence naming Association as additional insured. (Article XI Sections 1 and 2)

Use restrictions

All Units for residential purposes; no commercial use except home office. Rentals allowed. (Article VIII Section 1(a))

Voting & meetings

One vote per Unit. Two or more Owners of a Unit cast one vote by unanimous agreement. Fractional voting not allowed. (Article VII Section 1; Bylaws Article IV)

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