Point Venture Townhouses, Inc.

Key facts from Point Venture Townhouses, Inc.'s documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Townhouse Association) (Document refers to 'owners', 'common are)

Governing law

Texas Nonprofit Corporation Law (Article 1.3 of Bylaws: 'Texas Nonprofit )

Special assessments

Yes, for insurance deductible or expenses in excess of insurance proceeds due to owner/guest damage (Article 7.2.3), for repair shortfall (7.2.4), for tree removal (Rule 12), for failure to endorse insurance check (Rule 5) — all as specific (Article 7.2.3, 7.2.4; Rule 12; Rule 5)

Reserves & fees

1.5% per month for failure to endorse insurance check (Rule 5); otherwise fines for violations per schedule (Rule 5: 'additional fine of 1.5% of that)

Pets

Yes, subject to Village of Point Venture animal control ordinance (Rule 10a)

Leasing & rentals

Yes, with rental fee of $400 per calendar year per rental unit (Rule 7)

Parking & vehicles

Not permitted in front of or behind townhouses except for loading/unloading; also prohibited from parking beside townhouses or on sprinkler areas (Rule 9c, 9d)

Architectural approval

Yes, written approval from both Board of Directors and Architectural Control Committee required for any improvement, modification, or alteration (Rule 2)

Maintenance

Association responsible for grinder pumps and common sewer lines; owner responsible for damage to common property caused by owner, family, guests, tenants, or occupants (Rule 6 and Rule 9e)

Insurance

Common expense; may be assessed as specific assessment if damage due to owner or guest (Article 7.2.3 of Bylaws)

Use restrictions

Noise nuisance defined as sound clearly heard by a person with normal hearing that unreasonably interferes with comfort, use, and enjoyment of others; includes offensive language and unreasonable animal noise (Rule 8a-c)

Voting & meetings

Each member (owner of a lot) has one vote per lot; owners of multiple lots have one vote per lot (Article 2.2 and Article 9.1 of Bylaws)

Amendments

Bylaws amended by majority of Directors at a meeting with at least 72 hours written notice; Rules (promulgated by Board) may be repealed by 51% of general membership; Rule making by Board majority (Article 11.1, Article 10.1 of Bylaws)

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