Two Rankin Pl Homeowners
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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What Two Rankin Pl Homeowners's governing documents say
Two Rankin Pl is a condominium community in Dallas, TX — you own your individual unit (the airspace within walls, floors, and ceilings) and share ownership of the building's common elements (land, structural components, recreational facilities, parking, etc.) with other unit owners. The association maintains the common elements and carries master insurance funded by monthly assessments based on your unit's percentage interest in the common elements.
- What you own & maintain: You own the interior non-supporting walls, finished surfaces, doors, windows, and fixtures within your unit. You must maintain these areas. The association maintains the common elements (including structural parts, roofs, foundations, and limited common elements like patios and balconies unless otherwise assigned) and may charge you for maintenance if you fail to do so for assigned limited common elements.
- Leasing & rentals: You may lease your entire unit, but only for a term of at least 30 days — no short-term or transient rentals. Leases must be in writing and subject to the Declaration and By-Laws. A lender in possession after foreclosure may rent on any terms until sale.
- Pets: You may keep one small dog weighing no more than 15 pounds or one household cat. Dogs and cats must be leashed on common elements. No breeding, commercial use, or animals that cause annoyance. The board may remove unleashed animals.
- Vehicles & parking: Each unit is entitled to at least one parking space, assigned per the condominium plat map. You may exchange or rent your space to another owner with board notice. No trailers, campers, boats, commercial vehicles (except standard pickup), or inoperable vehicles may remain on the property without board approval. No noisy or smoky vehicles allowed.
- Architectural review: No exterior alterations, fences, or structures may be built without written approval from the Architectural Committee (appointed by the board). Submit plans showing nature, kind, shape, color, size, materials, and location. The committee must approve or disapprove within 90 days; failure to respond is deemed approval. A fee up to $50 may be charged for plan review.
- Assessments: Monthly assessments are due in advance on the first of each month, based on your unit's percentage ownership of the general common elements. The board may increase assessments if expenses exceed budget. Unpaid assessments incur interest at the highest legal rate, plus collection costs and attorney's fees, and become a lien on your unit (subordinate only to tax liens and first mortgages). The association may foreclose on the lien.
Key facts from Two Rankin Pl Homeowners's documents
- Community type
- condominium (Document title and Recitals)
- Legal name
- Rankin Place Condominium Association
- Units / lots
- Not explicitly stated, but parking spaces for at least one per Unit; Exhibit B and C referenced (Section 1.14 (parking); no explicit coun)
- Developer / declarant
- Creative Architecture, Inc., a Texas Corporation (Recitals A)
- Governing law
- Texas Condominium Act, Tex. Rev. Civ. Stat. Art. 1301a (Recitals C; Section 1.1)
- Assessments & dues
- Not set; determined by Board based on cash requirements; minimum annual assessment cannot be less than 90% of initial assessment for first year (Section 3.5) (Section 6.2; Section 3.5)
- Special assessments
- Allowed; deficiency assessments for reconstruction (Section 14.1(b)) and any other extraordinary expenses; must be pro rata (Section 6.2 (catch-all); Section 14.1(b))
- Collections & liens
- All unpaid assessments constitute a lien on the Unit superior to all other liens except tax liens and first mortgage/deed of trust; may be foreclosed like a mortgage; notice recorded; owner pays costs and attorney's fees; Association may bi (Section 6.5)
- Reserves & fees
- An adequate reserve fund for periodic repair, maintenance, and replacement of Common Element components shall be established, funded by monthly payments; initially equal to at least two months estimated Common Element charge per Unit (Section 6.1)
- Pets
- Yes, with restrictions (Section 5.7)
- Leasing & rentals
- Owner may rent entire Unit for term of not less than 30 days; no transient or hotel purposes (except lender in possession) (Section 5.1)
- Parking & vehicles
- Each Unit entitled to at least one parking space; parking spaces assigned on Condominium Plat Map; owners may rent assigned space to other owners; Board may assign remaining spaces; exchange of spaces with Board approval (Section 1.14)
- Fences
- Fence requires prior written approval of Architectural Committee (Section 10.4(a)) (Section 10.4(a))
- Architectural approval
- Committee shall approve or disapprove within 90 days of submission; failure to act deemed waiver of jurisdiction over that plan (Section 10.4(b))
- Home business
- No trade or business may be conducted in a Unit (Section 5.1)
- Signs & flags
- No signs or billboards displayed to public view except as approved by Board; Declarant may maintain promotional signs (Section 5.3)
- Use restrictions
- Each Unit shall be used and occupied for single family residence purposes; no trade or business (Section 5.1)
- Voting & meetings
- Each owner has votes appurtenant to their Unit; Association is all owners; specific voting rights not detailed, but 51% owner approval required for certain additions/alterations (Section 3.5); 100% for reconstruction plan (Section 14.2); 75 (Sections 3.5, 14.2, 14.2(c); By-Laws ref)
- Amendments
- Article XX (Amendment) referenced in index; text not provided but Section 18.14 mentions effect of Declaration amendments; Section 18.9 requires 75% of first mortgagees approval for change in percentage interests; unanimous approval of affe (Article XX (index); Sections 18.9, 18.14)
About this HOA
Two Rankin Pl Homeowners is a homeowners association in Dallas, TX.
HOAproxy has 2 documents on file for Two Rankin Pl Homeowners: 1 set of bylaws and 1 recorded document. Last updated 2026-06-07.