Metro on Live Oak

What Metro on Live Oak's governing documents say

Metro on Live Oak is a condominium community in Dallas, TX — you own your individual unit and share ownership of the building's common elements, which the association maintains. The declaration governs use, maintenance, leasing, and assessments. There are up to 30 units across two phases.

• What you own & maintain: You own your unit's interior (walls, floors, fixtures, appliances) and must maintain it, including repairs and replacements. The association maintains all common elements, funded by monthly assessments. You are responsible for any damage you cause to common elements.
• Leasing & rentals: Leases must be for at least one year, in writing, and must state they are subject to the governing documents. An executed copy must be provided to the association. The association may impose additional leasing restrictions.
• Use restrictions: Units may only be used for residential purposes. All owners and tenants must comply with the governing documents, and noncompliance after notice is a dispute subject to resolution under the declaration.
• Restrictions on resale: During the 'Sales Restriction Period' (one year from your purchase or until the last unit is sold by Declarant), you cannot offer your unit for sale, advertise, or market it. Foreclosures by priority lien holders are exempt.
• Alterations & improvements: You need prior written approval from the association for any addition, alteration, or improvement visible from outside, any change to the floor plan, or any alteration to common elements. The association may approve or deny in its sole discretion.
• Easements & access rights: The declaration grants various easements (access, common elements, roof, systems, utility) allowing the association, Declarant, and utility providers to enter your unit for maintenance, repairs, emergency, or utility service. Advance notice is preferred except in emergencies.
• Assessments & fees: Each unit owner pays monthly assessments for common expenses. A working capital contribution equal to two months' assessment is due from each owner (excluding Declarant). Special assessments may also be levied.

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.