Stone Bridge Oaks Owners' Association Inc.

Key facts from Stone Bridge Oaks Owners' Association Inc.'s documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners Association) — Association is Stone Bridge Oaks Owners’ Association, Inc., a Texas nonprofit corporation (Section 1.1, Certificate of Formation)

Developer / declarant

LIFESTYLE GRAPEVINE 360, LP, a Texas limited partnership (Opening paragraph and Section 1.11)

Governing law

Texas Business Organizations Code (Section 1.1 (definition of Bylaws refere)

Assessments & dues

Until January 1 of the year following the first Lot conveyance, maximum $3,000 per Lot per year, payable in monthly installments not to exceed $250 per month. (Section 5.4(b))

Special assessments

May be levied for capital improvements or construction/reconstruction, requiring assent of two-thirds of votes of Members present in person or by proxy at a meeting called for that purpose. Also the Board may impose a special assessment on (Section 5.5(a), (b))

Collections & liens

Association has a lien on each Lot for unpaid assessments, which may be foreclosed. The lien is subordinate to first mortgages made in good faith and for value. A notice of lien may be recorded. The Association may also seek personal judgme (Sections 5.9, 5.10, 5.12, 12.6)

Reserves & fees

Capitalization Fee equal to two (2) monthly assessments for the Lot, collected from the purchaser upon resale and placed in the working capital fund. (Section 5.11)

Pets

Yes, dogs, cats, or other household pets may be kept, not to exceed two (2) such animals per Lot. No animals, livestock, or poultry may be raised, bred, or kept. (Section 9.9)

Leasing & rentals

Yes, leasing of any Lot is not considered a business activity and is allowed. (Section 9.3)

Parking & vehicles

Absolutely no on-street parking is allowed except for emergency, postal pickup/delivery, garbage pickup, or as otherwise authorized in writing. Violating vehicles may be towed and/or cited. (Section 3.3(c), 9.6(b))

Fences

Each Dwelling is to have a Privacy Fence near the dwelling, originally built by Declarant. The Association is responsible for maintenance and painting/staining of fences. (Sections 3.5(a), 5.2(a), 6.1(a))

Architectural approval

Except as provided, no improvement, landscaping, fence, wall, roof, antenna, satellite dish, spa, water feature, or other improvement may be erected, placed, or altered on any Lot without prior written approval of the Architectural Committe (Section 7.2)

Home business

An individual home office may be conducted only if consistent with residential character and does not materially increase traffic, noise, etc. Other business uses are prohibited. (Section 9.3)

Signs & flags

Only (a) one professional real estate sign of not more than 5 square feet advertising the property for sale or rent, (b) Declarant's construction/sales signs, and (c) political signs (max 30 days before election, removed within 15 days afte (Section 9.8)

Maintenance

Association is responsible for maintenance, repair, and reconstruction of roofs of Dwellings. (Section 5.2(c))

Insurance

Association shall insure buildings, improvements, and personal property for 100% replacement value against fire and standard extended coverage hazards. Also required to carry comprehensive general liability insurance with minimum limits of (Sections 8.1(b), 8.1(c), 8.4)

Voting & meetings

Class A Members (all Owners except Declarant): one vote per Lot owned; if multiple owners of a Lot they must agree jointly. Class B Member (Declarant): initially entitled to (i) three votes per Lot owned, or (ii) two votes per Lot owned if (Section 4.2 (text partly garbled but mea)

Amenities

Amenity Center includes pool, pool equipment, deck area, parking spaces. Common Area also includes three designated Common Area Lots. Association may charge fees for use by guests and may suspend membership for nonpayment or violation. (Sections 1.2, 1.7, 3.1(a)-(c))

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