Town Park Twin Home Condominium

What Town Park Twin Home Condominium's governing documents say

Town Park Twin Home Condominium (Princeton, TX) is a condominium regime for twin home (townhome) style units — you own your individual unit and a share of the common elements, which the association maintains. The community is also subject to a Master Association and Master Declaration that impose additional rules and fees. This document binds all unit owners and residents.

• What you own & maintain: You own the interior of your unit and any improvements within it, plus an assigned Limited Common Element (e.g., yard area). The association maintains the General Common Elements (common areas, infrastructure) and may also maintain certain parts of your unit designated as 'Area of Common Responsibility' (see Attachment 2 for details). Party walls (shared walls between buildings) are jointly maintained by adjoining owners.
• Assessments & fees: All owners pay Regular Assessments (based on annual budget, divided equally per unit), plus potential Special Assessments, Utility Assessments, and Individual Assessments (e.g., fines, collection costs, insurance deductibles). Late payments accrue interest up to 18% per annum and late fees. The association has a lien on your unit for unpaid assessments.
• Leasing & rentals: Leasing is permitted, but subject to conditions in Article 12 (not fully excerpted). Leases must incorporate the governing documents. The association can collect rent directly from a tenant if the owner defaults on assessments. Short-term rentals (less than six months) are not mentioned in the excerpt, but the document likely imposes a minimum lease term – check the full Article 12.
• Pets: Household pets are allowed (Article 11.7), but subject to rules and regulations adopted by the association. Specific limits (e.g., number, size) are not stated in this excerpt; refer to the association's Rules.
• Parking & vehicles: Vehicles and guest parking are governed by Article 11.23. Restrictions may include limitations on commercial vehicles, recreational vehicles, and parking on common elements. For specifics, see the full declaration and any Rules.
• Architectural review: Any exterior modifications to your unit (including construction, landscaping, or improvements) require prior written approval from the 'ACA' (Architectural Control Authority). During the Declarant Control Period, the developer controls approvals.
• Use restrictions: Units are for residential use only (Article 11.16). Prohibited activities include nuisances (noise, odor, annoyance – Article 11.9), firearms/fireworks (11.8), and certain signs (11.17). The association can adopt and enforce additional rules.
• What this document doesn't cover: This excerpt does not include the full lease restrictions (Article 12), the Master Declaration (which may impose additional assessments and rules), or the complete Rules and Regulations. For specific numbers (e.g., pet limits, lease minimums, assessment amounts), consult the full declaration and association materials.

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.