The Veneto I

What The Veneto I's governing documents say

The Veneto I is a condominium project in Dallas, TX, with 72 units in 9 buildings. This Declaration governs ownership, use, and obligations for unit owners — you own your unit individually and share ownership of common elements with other owners. The association manages common areas, sets assessments, and enforces rules. Leases must be for at least 12 months, and units are for residential use only.

• Leasing & rentals: Units may be leased, but only for a term of at least 12 months (except by a lender after foreclosure). No transient or hotel use is allowed. Owners must lease an entire unit, provide a copy of the lease to the association, and remain responsible for tenant compliance with all governing documents.
• Assessments: The board sets monthly assessments to cover common expenses, including maintenance, insurance, utilities, and reserves. Special assessments for non-recurring expenses may also be levied; those for capital improvements require 67% owner approval. Assessments are based on each unit's undivided ownership percentage interest. Unpaid assessments accrue interest at the maximum lawful rate (or 18% per annum) and can become a lien on the unit.
• What you own & maintain: You own your unit's interior, including fixtures and appliances, and must maintain it in good condition. The association maintains all common elements (e.g., buildings, landscaping, patios, balconies) and carries master insurance for the property. Damage caused by an owner's negligence is the owner's responsibility.
• Alterations & exterior changes: No alterations, additions, or improvements to a unit or its limited common elements (including landscaping and exterior window treatments) may be made without prior written board approval. Work must not impair structural soundness or alter exterior appearance.
• Insurance: The association maintains property and liability insurance for the common elements and buildings as required by Texas law. Owners must insure their own alterations, improvements, and personal property. The association waives subrogation against owners for covered losses.
• Use restrictions: Units are for single-family residential occupancy only, but home offices are permitted as part of residential use. No nuisance or offensive odors may be created. All owners and tenants must comply with the Declaration, bylaws, and regulations.
• Parking: Designated parking spaces are limited common elements appurtenant to specific units, as shown in the Parking Plan (Exhibit C). Owners have exclusive use of their assigned spaces.

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.