Faith Harbor Condominium Owners Association, Inc.

Key facts from Faith Harbor Condominium Owners Association, Inc.'s documents

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

Community type

Condominium (Title and throughout)

Legal name

Faith Harbor Condominium Owners Association, Inc.

Developer / declarant

Blackwood & Associates, Inc. (Section 1.j., PAGE 2)

Governing law

Chapter 82 of the Texas Property Code (Texas Uniform Condominium Act) (Section 1.a., PAGE 1)

Assessments & dues

Board adopts annual budget, then annual assessment levied accordingly (Bylaws 2.03(a), PAGE 22-23)

Special assessments

Board may levy additional assessments if insufficient; for capital improvements or other needs, prior approval of at least 2/3 of owners required. Also for additions/alterations/improvements exceeding $10,000 in 12 months, prior approval of (Bylaws 2.03(b) and 6.01, PAGE 23, 29)

Collections & liens

Assessments are a continuing lien on the unit and on rents and insurance proceeds; Association has power of sale under Texas Property Code §51.002; foreclosure sale; redemption within 90 days by paying all amounts due plus interest, fees, c (Declaration Sections 17, 18, PAGE 10-11;)

Reserves & fees

Reserves for shared maintenance expenses created by contract or agreement of record; budget shall include reserves (Bylaws 2.03(a), PAGE 22)

Leasing & rentals

Yes, Unit Owner may rent or lease in strict compliance with Declaration, Bylaws, and Policies (Section 8(d), PAGE 6-7)

Parking & vehicles

Concrete parking and drive is common element; no parking of boats, boat trailers, jet skis, campers, or recreational vehicles on concrete parking & drive without written permission of Board (Section 4(c) and 4, PAGE 5)

Fences

Unit owner responsible for unit fencing maintenance (Limited Common Element) (Bylaws 2.02, PAGE 21-22)

Architectural approval

Prior written permission of Board required to change appearance of common elements or exterior appearance of a Unit (Section 9(b), PAGE 7; Bylaws 6.02, PAGE )

Home business

Not allowed except: personal/professional library, business records, telephone calls, correspondence (incidental to residential use); also Declarant may have sales/office unit (Section 8(a)-(d), PAGE 6-7)

Maintenance

Association (part of Common Elements: roof of the three buildings) (Bylaws 2.03, PAGE 22)

Insurance

Property insurance on insurable common elements (at least 80% replacement cost) against risks including fire, flood, extended coverage; commercial general liability insurance covering common elements (Bylaws 4.01, PAGE 26-27)

Use restrictions

Yes, each Unit shall be used for residential purposes only; with limited exceptions for personal business uses and rental (Section 8, PAGE 6)

Voting & meetings

One vote per Unit; total 11 votes; cumulative voting not permitted (Bylaws 1.04(b) and (h), PAGE 16-17)

Amendments

Declaration: by vote of at least 7 out of 11 votes; certain amendments (increase number of units, change boundaries, etc.) require 100%. Bylaws: by vote of at least 5 out of 11 votes. Community Policies: by vote of 3 Directors. (Section 16, PAGE 9-10; Bylaws 9.02-9.03,)

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