Faulkner Point Homeowners Association, Inc

Key facts from Faulkner Point Homeowners Association, Inc's documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Faulkner Point North Condominiums

Governing law

Texas Condominium Act, Article 1301a, Revised Civil Statutes of Texas (Page 4, Recitals)

Assessments & dues

Determined by Board of Directors based on cash requirements necessary to provide for payment of all estimated expenses (Article V, Section 5.3, Page 26)

Special assessments

May be levied for capital improvements or unbudgeted costs with assent of two-thirds (2/3) of votes of Members voting in person or by proxy at a meeting duly called; also special assessment for breach by Owner requiring expenditure (Article I, Section 1.1.s, Page 10)

Collections & liens

Association has lien for assessments (Article V, Section 5.8, Page 28 (title o)

Reserves & fees

Common Assessment includes charges to maintain reserve for replacement fund (Article I, Section 1.1.b, Page 5)

Pets

Dogs, cats, fish, birds and other household pets may be kept subject to rules and regulations (Article II, Section 2.9.e(12), Page 17)

Leasing & rentals

Yes, but not for hotel or transient purposes; lease must be of entire Unit, in writing, and lessee bound by Declaration and By-Laws (Article II, Section 2.9.e(13), Page 18)

Architectural approval

Board must answer within thirty (30) days after receipt of notice of proposed alterations; failure to answer within stipulated time means no objection (Article III, Section 3.8, Page 19)

Home business

Owner may maintain personal professional library, keep personal business records, handle telephone calls or correspondence if customarily incidental to residential use (Article II, Section 2.9.a, Page 13)

Maintenance

Association maintains roofs (included in Common Elements maintenance per Section 5.2) (Article V, Section 5.2, Page 26)

Insurance

Blanket policy insuring Common Elements and Units against fire, vandalism, malicious mischief, extended coverage, and public liability with specified limits (Article IV, Section 4.6.a and 4.6.b, Pag)

Use restrictions

Each Unit shall be occupied and used only as a residential dwelling for Owner, family, social guests or tenants (Article III, Section 3.4, Page 18)

Voting & meetings

One vote per unit, weighted to equal proportionate share of ownership in Common Elements (Article IV, Section 4.5.b, Page 23)

Amendments

Amendments to Declaration require approval of Owners and Mortgagees as per Article VIII, Section 8.1 (detailed text not fully visible) (Article VIII, Section 8.1, Page 42 (Tabl)

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