The Terrace Addition HOA

What The Terrace Addition HOA's governing documents say

The Terrace is a residential condominium community in Dallas, Texas, established within a larger master condominium. This document is the Residential Condominium Declaration, which sets out the rules and obligations for owners of individual residences within the Terrace. It is intended for current and prospective unit owners, as well as renters, to understand what living here requires.

• What you own & maintain: You own your individual residence (unit) and an undivided share of the residential common elements. You are responsible for maintaining the interior of your unit, including non-structural walls, doors, and interior systems, while the association maintains the common elements and carries master insurance.
• Leasing & rentals: Residences may be leased, but leases must be for a term of at least one year, must be in writing, and must state that they are subject to the governing documents. Transient or hotel purposes are prohibited. Parking and storage spaces may only be leased to residents or tenants.
• Pets: The document does not specify any pet restrictions. However, the association may adopt rules and regulations regarding pets, and the master association's rules may also apply.
• Assessments & fees: Owners must pay monthly assessments to cover common expenses, and special assessments may be levied for capital repairs or restoration. A working capital contribution equal to two months of assessments is required from each owner (except the declarant). Delinquent assessments can lead to suspension of voting rights and liens on the property.
• Alterations & approvals: You must obtain prior written approval from the residential association (and the master association) for any alteration visible from other units or the exterior, changes to floor plans, or material changes to the size or configuration of your unit, storage space, or limited common elements. Structural changes or changes affecting systems serving other units are prohibited.
• Parking & storage: Parking spaces and storage spaces are limited common elements assigned to specific residences. They are subject to rules set by the master association and may only be used by the owner or tenant of the associated residence.
• Dispute resolution: Most disputes between owners or with the association must first go through mediation and then final-offer arbitration, as described in Article XI, before litigation can be pursued.
• What this document doesn't cover: This is the residential declaration, not the full set of governing documents. It does not include the master declaration, bylaws, or rules and regulations, which may contain additional restrictions (e.g., pet limits, age restrictions, or rental caps). The document also does not specify the amount of monthly assessments or any specific pet rules.

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.