Copperrun Condo

Key facts from Copperrun Condo's documents

Reflects the 1979 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Page 1, heading)

Legal name

Copperrun Condominiums

Units / lots

72 (Phase I: 36 units, Phase II: approximately 36 units) (Page 17-18, Section 28.A)

Developer / declarant

BKB Development Company, Inc., a Texas corporation (Page 4, first paragraph)

Governing law

Condominium Act of the State of Texas (Page 4, paragraph WHEREAS)

Assessments & dues

Total estimated funds required to operate Condominium Project set forth in budget adopted by Board of Directors, assessed against each Unit Owner in proportion to respective percentage of Common Elements (Exhibit C). (Page 10-11, Section 19)

Special assessments

Common Expenses include sums lawfully assessed by Board; special assessments may be imposed (e.g., for reconstruction deficiency, see Section 24.B). By-Laws amendment (DOC 43623) states Special Assessments shall be due monthly in advance on (Section 24.B and DOC 43623 page 3, Artic)

Collections & liens

Unpaid Common Expenses constitute a lien on the Unit superior to all other liens except tax liens and first mortgage. Association may foreclose like a mortgage. Notice of default to mortgagee if not cured within 30 days of default and notic (Page 11, Section 20)

Reserves & fees

Upon request for statement of unpaid Common Expenses, Association may charge a reasonable fee not to exceed amount permitted by law (except no fee for mortgagee). (Page 11-12, Section 21)

Pets

Pets are allowed (Rules and Regulations include a section on PETS). (Schedule B, Contents (VII. PETS))

Leasing & rentals

Yes, Owner may rent Unit for term of not less than thirty (30) days. Mortgagee foreclosing may rent on such terms as it deems advisable until sale. Declarant reserves right to rent until initial transfer. (Page 7-8, Section 11)

Parking & vehicles

Parking spaces are Common Elements (General or Limited). Rules and Regulations likely cover parking but not fully provided. (Section 1.D (parking spaces as General C)

Architectural approval

Not specifically; any additions by Owner require prior written consent of Declarant or Association for encroachments (Section 12(a) last sentence). Construction alterations covered in Rules and Regulations (XIII). (Page 8, Section 12(a) last sentence; Sch)

Home business

Not specifically prohibited but business and sales office allowed for Declarant during sales periods; Managing Agent may maintain office in a Unit. Otherwise, single family residence use implies no commercial use. (Page 8, Section 11 (Declarant's sales of)

Signs & flags

Declarant may place signs in or around common walks and drives for sales purposes. Owners other than Declarant prohibited from placing sales or other signs in or around Common Elements. (Page 8, Section 11)

Maintenance

Association responsible for roofs in all regards. (Schedule A, Item 6)

Insurance

Association as attorney in fact may purchase and maintain insurance for the Condominium Project. Not detailed. (Page 12-13, Section 23 (last part))

Use restrictions

After initial sale by Declarant, all Units shall be used and occupied for single family residence purposes by Owner, Owner's family or guests. (Page 7-8, Section 11)

Voting & meetings

Owner's vote in the Association shall be in proportion to the respective percentage of Common Elements applicable to his Condominium Unit as set forth in Exhibit C. (Page 9, Section 14 (Administration and M)

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