Sailfish Rv Resort Condominium

Key facts from Sailfish Rv Resort Condominium's documents

Community type

Condominium

Legal name

Sailfish RV Resort Condominium

Developer / declarant

Sailfish RV Resorts, LLC

Governing law

Texas Uniform Condominium Act (Chapter 82 of the Texas Property Code) (Introductory paragraph)

Assessments & dues

Board prepares annual budget; assessments based on budget minus other income (Sections 5.5.2, 5.5.3)

Special assessments

Allowed; subject to Section 5.3; majority vote needed for acquisition of real property or construction of additional improvements (Section 5.6)

Collections & liens

Assessment lien created by declaration; superior to most liens except taxes and first purchase money lien; enforced by judicial or non-judicial foreclosure; Owner grants power of sale (Sections 6.1, 6.2, 6.5, 6.6)

Reserves & fees

Association must establish and maintain reserves for operations and for replacement and repair of General Common Elements (Sections 5.10, 5.10.1, 5.10.2)

Parking & vehicles

Declarant designates Common Elements parking; undesignated spaces under Association control; assignment by Declarant or Board (Section 3.10)

Maintenance

Owner must maintain roof of structures on Unit (Section 8.4.1(i) includes roof)

Insurance

Owner must obtain fire, wind, flood and extended coverage on Unit and Limited Common Elements at 100% replacement cost, and general liability insurance (Section 13.7)

Voting & meetings

One vote per Unit, weighted equally (Section 4.7)

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