Montfort Townhomes Condominium Association, Inc

Key facts from Montfort Townhomes Condominium Association, Inc's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 1.17, 2.01)

Units / lots

No more than 85 Units (Article 1.15)

Developer / declarant

L.P. (Declarant), address 3922 Gilbert Avenue, Dallas, Texas 75219 (Preamble)

Governing law

Texas Uniform Condominium Act, Chapter 82 of the Texas Property Code (Recital 2)

Assessments & dues

Board estimates net charges for the year, including provision for contingencies and replacements, adjusted for expected income and surplus from prior year; assessed to each Owner according to percentage interest (Article 4.02)

Special assessments

Special assessments may be made if regular assessments are inadequate; special assessments in the aggregate cannot exceed 25% of budgeted gross expenses for that year without approval of a majority of voting power of Owners other than Decla (Article 4.03, 4.04)

Collections & liens

Association has a lien on each Unit for delinquent assessments; may enforce through nonjudicial foreclosure pursuant to Texas Property Code Section 51.002; Owners grant Board a power of sale (Article 4.08)

Reserves & fees

Association assessments must be large enough to provide for an adequate reserve fund for maintenance, repairs, and replacement of Common Elements; funded through regular monthly assessments rather than special assessments (Article 7(g))

Pets

Dogs, cats, or other household pets may be kept in Units, subject to Rules and Regulations adopted by the Board (Article 5.01(e))

Leasing & rentals

Owners may lease or rent their Units, provided the lease is not for transient or hotel purposes and the term is for a period of time and subject to the Association's Governing Instruments (Article 5.01(b))

Parking & vehicles

No Owner may park any automobile or other motor vehicle in the Common Elements except in a space designated by the Board (Article 5.01(i))

Architectural approval

Nothing altered or constructed in or from the Common Elements without written consent of the Board (Article 5.01(g))

Signs & flags

No sign of any kind displayed to public view on or from any Unit or Common Elements without prior written consent of the Board, except Declarant's right to advertise sale of its Units (Article 5.01(d))

Maintenance

Association responsible for operation and maintenance of Common Elements, including exterior painting, maintenance, repair, and landscaping; Owner responsible for interior surfaces of walls, floors, ceilings, windows, and doors bounding the (Article 3.07(a), Article 2.04)

Insurance

Fire insurance with extended coverage endorsement for full insurable replacement value of Units and Common Elements; comprehensive liability insurance (Article 3.07(b)(2), (3))

Use restrictions

Units are for residential use and occupancy only; no transient or hotel purposes (Article 5.01(b))

Voting & meetings

Voting on a percentage basis; each Owner's vote is the percentage interest that the Owner's Unit bears to the entire Property; if a Unit has more than one Owner, the aggregate vote of the Owners of the Unit may not exceed the percentage of (Article 3.03)

Amendments

Amendments must be in writing, signed by the President or other officer designated by the Board, and effective on filing in the office of the county clerk of Dallas County, Texas (Article 9.03)

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