City Walk at Akard

Key facts from City Walk at Akard's documents

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

Community type

Master condominium with three development units: Commercial Unit, Residential Apartment Unit, and Residential Loft Unit (Section 2.1(a))

Units / lots

Three (3) initial Development Units: Commercial Unit, Residential Apartment Unit, Residential Loft Unit (Section 2.1(a))

Developer / declarant

Akard Development, LP, a Texas limited partnership (First Amendment to Co-Lender Agreement, )

Governing law

Texas Uniform Condominium Act (references to 'Act' and Section 82.003(1) of the Act) (Recitals; Definitions - Affiliate of Dec)

Assessments & dues

Master Association prepares a Master Budget of anticipated Common Expenses, Parking Expenses, and other costs for the ensuing fiscal year; Monthly Assessments and Special Assessments established per Section 8.1 (Definitions - Master Budget; Article VII)

Special assessments

Special Assessments established and collected by the Master Association pursuant to Section 8.1(c) (Definitions - Special Assessments)

Collections & liens

Assessments constitute a lien to secure payment (Section 8.4); Master Association may enforce by foreclosure or other legal means (Table of Contents - Article VIII, Sectio)

Leasing & rentals

Units (or portions thereof) may be leased; each lease of a Sub-Unit subject to leasing restrictions set forth by the Master Association, Sub-Unit Condominium declarations, and Regulations (Section 3.3)

Parking & vehicles

Parking Spaces within Parking Unit or Parking Area not assigned or reserved for exclusive use shall be for use of the Unit in which such Parking Areas are located and/or for Tenants, licensees, guests, invitees, and employees of any Owner o (Section 3.5(d))

Architectural approval

Development Control Committee established to review and approve plans, alterations, and improvements; approval required for Signage and construction (Article V; Section 3.4)

Solar & roof

Not specifically addressed; Roof Easement allows placement of satellite and telecommunications equipment, air conditioning condenser units, and other equipment (Section 3.8(d))

Home business

Commercial, office, and/or retail uses related to leasing, management, and/or operation of space in the Condominium are permitted within Residential Apartment Unit, provided such uses do not affect more than 5% of the total square footage o (Section 3.1(c))

Signs & flags

Owners (including owners of Residential Loft Units) have Signage Rights to erect signage on the Skin, subject to Legal Requirements, Development Control Committee approval, and maintenance obligations (Section 3.4)

Maintenance

Portion of General Roof Easement Area used by Declarant maintained by Declarant; portion used by an Owner maintained by such Owner; remaining portions maintained by Master Association (Section 3.8(d))

Insurance

Master Association required to maintain property insurance per Section 7.2; specific coverage amounts not stated in this excerpt (Section 7.2)

Use restrictions

Residential Apartment Unit and Residential Loft Unit shall only be used for residential purposes; Commercial Unit for office, commercial, retail, storage, and parking (Section 3.1(a), (c), (d))

Voting & meetings

Votes in the Master Association allocated to each Unit based on Allocated Interests per Section 4.2 (Definitions - Allocated Interests)

Amendments

Amendments to Master Declaration per Section 12.2; required percentage per Section 12.9; Declarant must approve any amendments or Supplemental Declarations filed by any Developer or Owner (Section 3.7(g)(v)) (Sections 12.2, 12.9, 3.7(g)(v))

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