The Harbor at Adriatica Master Condominiums Association, Inc.

What The Harbor at Adriatica Master Condominiums Association, Inc.'s governing documents say

This is a master condominium association in McKinney, TX — a condominium community where unit owners share ownership of common elements that are maintained by the association. The following summary is based on the association's Bylaws and a Management Certificate; a complete set of rules is not provided.

• Governance & Board of Directors: The association is governed by a Board of Directors of 3 to 5 members. During the Declarant Control Period, the developer appoints directors; after that, owners elect them. Directors serve staggered terms and can be removed for cause, including delinquency of 90 days or missing three consecutive meetings.
• Assessments & Budget: The Board adopts an annual budget and levies assessments on unit owners to cover operating expenses and reserves for common element maintenance. Special assessments may be levied if the budget is insufficient or in emergencies.
• Transfer & Resale Fees: The Management Certificate lists the following fees for property transfers: Resale Certificate $375, Transfer Fee $120, Rush Fee $100, and Working Capital Contribution equal to two times the regular assessment.
• Insurance: The association is required to maintain property and liability insurance on the common elements as described in the Master Declaration. Owners waive subrogation rights against other owners and the association for losses covered by insurance.
• Records & Inspections: The association must keep detailed financial records, minutes of meetings, and a list of owners. Records are available for inspection upon reasonable request (24 hours advance notice) during business hours. Copies may be provided at a cost set by the Board.
• What this document doesn't cover: These governing documents are limited to the Bylaws and a Management Certificate. They do not include typical community rules such as pet restrictions, leasing minimums, age restrictions, parking rules, or architectural guidelines. Those would be found in the Master Declaration or other recorded documents.

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.