Sherwood Shores II Woodland Hills

Key facts from Sherwood Shores II Woodland Hills's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Overlook Cove at LBJ Boat Condominiums

Developer / declarant

Stature 360, LLC (Acknowledgment (page 20))

Governing law

Chapter 82, Texas Property Code (Uniform Condominium Act) (Recitals / Basic Provision A)

Special assessments

Allowed at Board's discretion to meet obligations (Section 4.4 (page 7-8))

Collections & liens

Express lien on each unit, superior to all except tax liens and first vendor's liens; foreclosure similar to mortgage (Section 4.7 (page 8-9))

Reserves & fees

1.5% per month (Section 4.5 (page 8))

Leasing & rentals

Residential Unit may be rented on temporary basis or as permitted by law; Boat Dock Units may be rented (inference from 'Nothing in this Declaration shall prevent the rental...') (Section 5.12 and 5.13 (page 13))

Use restrictions

Residential Unit for residential purposes; Boat Dock Units for storage and recreational use (Section 5.12 and 5.13 (page 13))

Voting & meetings

One vote per percent of allocated interest in Common Elements; fractional votes 0.5 or greater count as one (Article III, Section 3.3 (page 6))

Amendments

Declarant may unilaterally amend during declarant control period; thereafter Owners may amend in accordance with Uniform Act (82.058, 82.062, 82.064); amendments must be recorded (Article IX (page 16-17))

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