Town Park North Twin Homes Condominiums, Inc.

What Town Park North Twin Homes Condominiums, Inc.'s governing documents say

Town Park Twin Home Condominiums is a condominium community in Princeton, TX, composed of attached twin homes (each unit is one half of a duplex-style building). This declaration governs the condominium regime, defining unit boundaries, common elements, assessments, and easements. The community is part of a larger master-planned development (Town Park) with a separate Master Association that may impose additional rules.

• What you own & maintain: You own the interior of your unit (including sheetrock on perimeter walls, but not windows/doors in exterior walls), plus attached garage/patio and certain utility equipment (e.g., water heater, HVAC) that exclusively serves your unit even if located outside unit boundaries. Common elements (landscaping, parking areas, etc.) are owned collectively by all unit owners and maintained by the condominium association. Party walls are shared: repairs are split equally unless one owner is at fault.
• Assessments & fees: Regular assessments are due monthly (on the 1st, delinquent if not received by the 1st). Special assessments (for unanticipated expenses) and individual assessments (fines, late charges, etc.) may also be levied. Utility assessments may be passed through if utilities are billed to the association. The board can increase regular assessments mid-year if needed. Reserve funds are maintained for repairs and replacements. HOA sale fees (resale certificates, etc.) are charged at transfer.
• Parking & vehicles: Parking spaces may be assigned by Declarant or the Board for exclusive use of certain units; unassigned spaces are controlled by the association. Owners and residents must comply with parking rules in the Design Guidelines and applicable law.
• Easements & access: The association and Master Association have access easements for inspections, maintenance, enforcement, and emergencies. Unit owners have easements for maintenance access to adjoining units (with advance notice, typically Mon-Fri 8am-6pm) and for utility lines traversing other units. Declarant retains a 10-year easement to inspect and correct defects after the development period.
• Party walls & shared maintenance: Party walls (walls separating two attached units) are jointly owned to the midpoint. Repairs, reconstruction, or replacement costs are split 50/50 unless one owner causes damage, then that owner pays full cost. No alterations to party walls without adjoining owner and architectural reviewer approval. Foundation issues spanning two units are handled the same way.
• Architectural review: An Architectural Reviewer (Declarant during development, then the Board) must approve any construction, repair, or alteration affecting party walls, and likely other exterior changes. Specific design guidelines are referenced but not included in this excerpt.
• What this document doesn't cover: This excerpt lacks specific pet restrictions, lease term minimums, occupancy limits, age restrictions, and detailed architectural standards. It also doesn't include the Master Association's rules or the Community Manual. For complete rules, consult the full governing 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.