Legacy at 55th Condominiums

Key facts from Legacy at 55th Condominiums's documents

Community type

condominium (Recital 2 and throughout)

Legal name

Legacy at 55th Condominium Association, Inc. (Recital 5; Art. 1.4)

Developer / declarant

Legacy at 55th, LLC, a Texas managed Limited Liability Company (First paragraph of Declaration)

Governing law

Texas Uniform Condominium Act (TUCA), Chapter 82 of the Texas Property Code (Recital 2 and Article 1.1)

Assessments & dues

Set by annual budget; Regular Assessments based on Common Expense Liability (Art. 6.4.3)

Special assessments

Allowed; for acquisition of real property requires Majority vote of Owners; otherwise may be levied by Board (Article VI, Section 6.5)

Collections & liens

Assessments secured by continuing lien on Unit; subordinate to first mortgages; foreclosure does not extinguish personal liability (Art. 7.1, 7.2)

Reserves & fees

Association may maintain reserves for operational or maintenance emergencies and for scheduled replacement or major repair of General Common Elements and Area of Common Responsibility (Article VI, Section 6.11)

Pets

Yes (Appendix B (s), Page 87)

Leasing & rentals

Yes, subject to conditions: written lease, must be subject to Documents, Owner must provide tenant with Documents, tenant complies with Documents (Article XII, Section 12.1)

Parking & vehicles

Allowed only in driveways, carports, garages of each Unit (Appendix B (e), Page 86)

Architectural approval

Yes, during Development Period by Declarant; after by Board/committee (Art. 10.1, 10.2)

Signs & flags

No signs except sale/lease signs approved by ARC; certain religious/political items allowed; Declarant may maintain marketing signs (Art. 11.9)

Insurance

Property insurance for General Common Elements and Association-owned property; does not insure Units or Limited Common Elements (Art. 15.2, 15.2.1, 15.2.2)

Use restrictions

Any violation deemed a nuisance; remedies available (Art. 14.2.1)

Voting & meetings

One vote per Unit (Article V, Section 5.5)

Amendments

Article XIX - not included in excerpt (Table of Contents)

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