Kerr and Kendall Counties Falling Water Property Owners' Association, Inc.

Key facts from Kerr and Kendall Counties Falling Water Property Owners' Association, Inc.'s documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Property Owners' Association, Inc. (Title)

Governing law

Texas Property Code Section 209.005 (Article IV, Section 5(B) and Article V, )

Assessments & dues

Board of Directors fixes the amount of semiannual assessment at least 10 days in advance of each semiannual period (Article VIII, Section 2(C)(1); Article X)

Special assessments

Authorized by membership vote at a meeting called for that purpose; written notice of meeting 10-60 days in advance (Article XII, Section 2)

Collections & liens

Assessments secured by continuing lien. Association may foreclose via judicial or non-judicial foreclosure (Texas Property Code). Lien subordinate to first mortgage. Sale under mortgage foreclosure extinguishes prior assessment liens. (Article XII, Sections 4-5)

Reserves & fees

Interest from due date at highest legal rate; plus reasonable attorney's fees and costs (Article XII, Section 4)

Voting & meetings

Two classes: Class A (owners with dwelling) – one vote per lot; Class B (owners without dwelling) – one vote per improved lot (Article IV, Section 2)

Amendments

By-Laws may be amended by vote of members holding a majority of membership votes (Article XIII)

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