Tanglewood Vacation Villas Condominium

What Tanglewood Vacation Villas Condominium's governing documents say

This document consists of two amendments to the declaration of a timeshare condominium community, Tanglewood Vacation Villas in Preston, TX. It is not a complete rulebook — it modifies specific rules (pets, timeshare usage, insurance) and details how timeshare ownership and reservations work. If you’re considering buying or using a timeshare here, these amendments explain your occupancy rights and obligations.

• Timeshare ownership & use: Owners have timeshare interests entitling them to one fixed or flexible unit week per year, subject to the Flexible Use Plan and similar unit limitations. Occupancy is by reservation only, and you cannot occupy any unit except during your reserved week.
• Reservation system: Reservations are honored on a first-come, first-served basis with strict opening and closing dates. Late or disqualified requests won’t be honored; if you miss deadlines, you may be assigned whatever weeks remain. Unused time does not carry over to future years, and you are still obligated to pay all assessments and taxes even if you can’t reserve.
• Pets: The pet rule was changed so that pets are now governed by Exhibit 5: Rules and Regulations, rather than a blanket ban. This amendment doesn’t spell out the actual pet policy — see the associated rules.
• Insurance: The association is required to carry comprehensive liability insurance with minimum coverage of $2,000,000 per occurrence for bodily injury, $100,000 for property damage, or a combined single limit of at least $2,100,000, including hired and non-owned automobile coverage.
• Amendment rules: The declaration can be amended with a 67% vote (or written consent, or consensual non-response with no 33% opposition). Changes to percentage interests require 80% of owners plus approval of all mortgagees.
• What this document doesn't cover: It doesn’t list regular assessments, rental or leasing rules, common area amenities, or the full pet policy — those are in the original declaration and the Rules and Regulations (Exhibit 5). This is only a partial amendment.

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.