University Park Homeowners Association, Inc

What University Park Homeowners Association, Inc's governing documents say

This is the Declaration and Master Deed for 3430 McFarlin Condominiums, a small condominium project in Dallas, Texas, with five residential units. It establishes the condominium regime, defines unit ownership and common elements, and sets out the rules and obligations for unit owners, including assessments, use restrictions, and insurance requirements.

• What you own & maintain: You own your unit's interior (from finished surfaces inward) and an undivided percentage interest in the common elements. You must maintain your unit and any limited common elements (like assigned parking or storage) at your own cost, and the association maintains the general common elements.
• Assessments & fees: All owners must pay regular annual assessments and any special assessments levied by the board. Assessments are a personal obligation and are secured by a lien on the unit. The board sets the budget and can adjust assessments annually.
• Leasing & rentals: The document does not specify a minimum lease term or any rental restrictions. Units may be leased, but the owner remains responsible for assessments and compliance with the rules.
• Pets: The document does not mention any pet restrictions or limits.
• Use restrictions: Units must be used only for residential purposes; no trade, business, or commercial activity is allowed. Nuisances and activities that interfere with quiet enjoyment or increase insurance rates are prohibited.
• Architectural review: No exterior alterations, improvements, or structures (including fences, patios, or carports) may be made without prior written approval from the board. Interior repainting and redecorating are exempt.
• Insurance: The association must carry liability insurance (minimum $250,000 per occurrence) and property insurance on the common elements and building structure. Each owner must insure their own unit's interior and contents, with coverage at least 80% of replacement cost.
• What this document doesn't cover: This excerpt does not include the full bylaws, rules and regulations, or the condominium map (Exhibit B). It also does not specify any age restrictions, parking rules, or pet policies.

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.