Topaz Townhomes

What Topaz Townhomes's governing documents say

These are three recorded amendments related to the Topaz Townhomes condominium community (Highland Park, TX) and a separate subdivision called Topaz Estates. The two amendments to the Topaz Townhomes Condominium Declaration update unit ownership percentages (for fee allocation) and impose a 10-unit ownership limit to preserve owner-occupancy. The third document is an amendment to a different set of covenants for Topaz Estates and is not part of the Topaz Townhomes condominium. These are partial documents; they do not contain the full set of community rules.

• Ownership limit (investor cap): No single person or entity may own more than 10 units (10% of the 108 units). This applies to ownership through partnerships, LLCs, etc. Any sale violating this limit is void. The goal is to maintain owner-occupancy and FNMA eligibility.
• HOA fees & unit ownership percentage: The first amendment replaced the fee allocation schedule. Each unit has a specific ownership percentage (shown in Exhibit C) that determines its share of common area ownership and HOA assessments. Unit sizes range from about 956 to 1498 sq ft.
• What this document doesn't cover: These amendments do not cover pet restrictions, lease minimums, architectural rules, or other typical HOA rules. Those would be found in the original Condominium Declaration and other governing documents. The second document (Topaz Estates amendment) does not apply to the Topaz Townhomes condominium.

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.