Centrum Condo

Key facts from Centrum Condo's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential Condominium (Title page: 'RESIDENTIAL CONDOMINIUM DEC)

Developer / declarant

Residential Declarant: originally Centrum Towers Ltd., a Texas limited partnership, with assignment to GEM Centennial Centrum, LP as successor (Recital B and Section 3.7(b) – assignmen)

Governing law

Uniform Condominium Act, Texas Property Code, Chapter 82, as amended (the 'Act') (Section 1.1 definition of 'Act')

Special assessments

Residential Association may establish Special Residential Assessments for repair/restoration of Residential Common Elements or Master Association special assessments (Section 7.1(c))

Reserves & fees

Residential Association must establish and maintain an adequate reserve fund for maintenance of Residential Common Elements, funded by Monthly Residential Assessments (Section 5.1(b): 'The Residential Associa)

Leasing & rentals

Yes, with restrictions (Section 3.2)

Voting & meetings

Each Residence Owner entitled to number of votes equal to their Residential Allocated Interest (Section 4.2: 'Each Member shall be entit)

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