Mayfair Condominium Association Inc

What Mayfair Condominium Association Inc's governing documents say

This is a set of governing documents for The Mayfair at Turtle Creek, a condominium community in Dallas, TX. It includes a correction to an amendment, a partial amendment about insurance deductibles, and the restated bylaws. The bylaws govern the condominium association and unit owners, covering voting, board elections, meetings, and insurance.

• What this document covers: The documents include a correction to the Second Amendment (fixing an exhibit), a partial amendment to the insurance rules, and the restated bylaws. They do not contain the full declaration or the complete rules and regulations.
• Insurance & deductibles: The association carries master property insurance. For claims, the association pays 50% of the deductible up to $5,000, but for the June 10-11, 2009 storm (an 'Act of God'), it pays 100% up to $10,000. Each owner must carry insurance to cover their share of the deductible or sign an acknowledgment of responsibility.
• Voting & meetings: Each unit owner has votes proportional to their ownership interest. Annual meetings are held in June, with at least 11 but no more than 25 days' notice. A quorum is 20% of eligible votes. Special meetings can be called by the president, a majority of the board, or a petition signed by 20% of votes.
• Board of directors: The board manages the association. Directors serve two-year terms, with a maximum of two consecutive terms. Owners can be nominated by petition signed by five other members. Directors may be removed with or without cause by a majority vote at a special meeting.
• Assessments & budget: The board sets annual assessments and must distribute a proposed budget at least 30 days before the fiscal year. If the budget increases more than 5% over the prior year, it requires approval by at least 67% of the votes cast.
• What this document doesn't cover: This excerpt does not include the full declaration, the complete rules and regulations, or details on pet restrictions, leasing, or architectural review. Those may be in other documents.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.