Park Plaza Homeowners Association Inc

What Park Plaza Homeowners Association Inc's governing documents say

Park Plaza is a condominium community in Dallas, Texas, with 47 units. This document is the amended and restated condominium declaration that governs the property, the association, and all unit owners. It defines what owners own, how the association is run, and the rules for using and leasing units.

• What you own & maintain: You own the interior of your unit, including interior surfaces and certain fixtures, and you are responsible for maintaining and repairing those areas. The association maintains the common elements, and you share ownership of them with other unit owners.
• Use & occupancy: Units must be used as single-family residences only. Commercial, business, professional, or religious use is prohibited, except for limited personal activities like maintaining a home office or library. No noxious or offensive activities are allowed.
• Leasing & rentals: There is no minimum lease term stated in this excerpt, but owners may lease their units. If an owner receives a bona fide offer to lease for longer than a certain period (not specified here), the association and other owners have a right of first refusal to lease or purchase the unit on the same terms.
• Assessments & fees: All owners must pay monthly assessments based on their percentage interest in the common elements. Assessments are due on the first of each month, and the association can impose special assessments for limited common elements or deficits. Unpaid assessments accrue interest and can lead to a lien and foreclosure.
• Parking & vehicles: Parking spaces are limited common elements assigned to specific units. They are for parking automobiles only; buses, trucks, trailers, boats, and recreational or commercial vehicles are prohibited in parking spaces and driveways unless designated areas are provided.
• Alterations & approvals: Owners cannot alter the exterior of their unit, including terraces, or make changes to common elements without written approval from the board of directors. Interior alterations are allowed as long as they do not impair structural integrity. Enclosing a terrace is prohibited without board approval.
• Insurance & damage: The association carries master insurance for the condominium. If an owner's actions increase insurance rates or cause damage to common elements, that owner is personally liable for the increased costs or repair expenses.
• What this document doesn't cover: This excerpt does not include the full bylaws, rules and regulations, or the condominium map. It also does not specify pet rules, age restrictions, or rental caps, which may be addressed in other governing 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.