The Lakewood Towers Condominium
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What The Lakewood Towers Condominium's governing documents say
This is a condominium declaration for The Lakewood Towers Condominium in Dallas, TX, a master-planned community with two units (East Tower and West Tower) run by a master association. If you're considering buying a unit, this document defines how ownership, assessments, and use restrictions work.
- What you own & maintain: You own your unit (East or West Tower) and an undivided interest in the common elements. The master association maintains the common areas and carries master insurance, funded by your assessments.
- Assessments: The master board levies regular and special assessments based on your unit's allocated interest — East Tower 71%, West Tower 29%. There's also a parking garage assessment: the East Tower can require the West Tower to pay 20% of parking garage expenses.
- Leasing & rentals: You may lease your unit, but the lease must comply with the Prohibited Uses (listed in Exhibit C) and other rules. No minimum lease term is mentioned in this excerpt.
- Architectural review: Any construction, alteration, or improvement requires approval from the Development Reviewer (the master board or its designee).
- Insurance & restoration: The master association obtains master insurance; if your unit is damaged, you must restore it within 120 days, or the master association may do so and place a lien on your unit for the costs.
- Use restrictions: Uses are subject to the Prohibited Uses exhibit (not fully shown here) and the master board may add restrictions. Co-working uses are allowed in the West Tower.
- What this document doesn't cover: This declaration excerpt doesn't include rules about pets, age restrictions, or specific lease terms, and it doesn't list all the prohibited uses (they're on an exhibit).
Key facts from The Lakewood Towers Condominium's documents
- Units / lots
- 2 (East Tower Unit and West Tower Unit) (Section 2.02(a))
- Developer / declarant
- CADDO LAKEWOOD II LP, a Texas limited partnership (Preamble)
- Governing law
- Texas Uniform Condominium Act (Chapters 81 and 82 of the Texas Property Code) (Article I, 'Act' definition)
- Assessments & dues
- Master Board estimates annual expenses and levies Regular Assessments in its sole and absolute discretion, final and binding if made in good faith. (Section 5.03)
- Special assessments
- Master Board may levy Special Assessments with unanimous consent and approval. (Section 5.04)
- Collections & liens
- Assessments are secured by a lien on the Unit, superior to all other liens except tax/governmental liens and recorded first Mortgages recorded before the delinquency. Master Association has power of sale and may foreclose. (Sections 5.01(b), 5.10)
- Reserves & fees
- Master Board estimates amount needed for replacement reserve as part of Regular Assessments. (Section 5.03)
- Leasing & rentals
- Units may be leased subject to Prohibited Uses and restrictions. (Section 2.04(b))
- Parking & vehicles
- Parking Garage is part of East Tower Unit. West Tower Unit has 77 unreserved parking spaces in the garage on a first-come, first-served basis. (Article I, 'Parking Garage', 'West Tower)
- Architectural approval
- Master Association (as Development Reviewer) has architectural control; Owners must submit plans for approval. (Sections 6.01, 6.02, 6.03)
- Signs & flags
- Project Signs defined as awnings, signs, displays on outside walls or windows; subject to Design Guidelines and architectural approval. (Article I, 'Project Sign' definition; Ar)
- Maintenance
- Shared Roof is a General Common Element; Regular Assessments for Shared Roof allocated 20% to East Tower Unit and 80% to West Tower Unit. (Article I, 'General Common Element(s)'; )
- Insurance
- Master Association obtains insurance required by Section 82.111 of the Act and other insurance as deemed necessary. (Section 4.02)
- Voting & meetings
- East Tower Unit appoints 2 members to the Master Board; West Tower Unit appoints 1 member. Each Unit has one vote; co-owners may cast the vote with Majority agreement. (Sections 3.03 and 3.04)
- Amendments
- Amendment by Recording instrument acknowledged by Declarant alone (in certain cases) or by president/secretary of Master Association certifying approval. Requires prior written approval of each Eligible Mortgage Holder. (Section 9.03)
About this HOA
The Lakewood Towers Condominium is a homeowners association in Dallas, TX.
HOAproxy has 2 documents on file for The Lakewood Towers Condominium: 2 recorded documents. Last updated 2026-08-01.