3923 Cole Avenue Condominium Association, , Inc.

Key facts from 3923 Cole Avenue Condominium Association, , Inc.'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.08)

Developer / declarant

Cole Avenue Condos, LLC, a Texas limited liability company (Opening paragraph; Section 1.11)

Governing law

Texas Uniform Condominium Act (Chapter 82, Texas Property Code) (Recitals; Section 1.08)

Assessments & dues

Board prepares annual budget, allocates among Units according to Percentage Interests; notice to Owners at least 30 days before effective date; if Board fails to set budget, prior year's assessment applies (Section 4.03(a))

Special assessments

Board may levy Special Assessment with approval of Owners representing at least 51% of total votes (unless otherwise provided in Declaration) (Section 4.03(b))

Collections & liens

Association has lien on each Unit for assessments, fees, fines, attorney's fees, interest, late charges; lien prior to all other liens except taxes and certain mortgages; enforceable by judicial or non-judicial foreclosure; power of sale gr (Section 4.06)

Reserves & fees

Budget shall include contribution to reserve fund for repair/replacement of capital improvements (Section 4.03(a)(i))

Pets

Generally recognized household pets allowed, subject to Board rules (Section 10.03(h))

Leasing & rentals

Units may be leased only in their entirety; all leases must be in writing and may be required to conform to Board-approved form (Section 10.03(o))

Parking & vehicles

Underground parking spaces assigned as Limited Common Elements to specific Units (Section 2.04(a)(v))

Architectural approval

Architectural control provisions in Article XII; Board has rights with respect to remodeling and construction (Article XII)

Home business

Business activity ancillary to residential use permitted if: (i) not apparent from exterior; (ii) no unreasonable visitation; (iii) conforms to zoning; (iv) no unreasonable traffic increase; (v) no insurance premium increase; (vi) not a nui (Section 10.03(a))

Signs & flags

No signs displayed to public view without Board approval, except: (i) Declarant's sales signs; (ii) personal signs (school affiliation, social event, birth announcement) removed after reasonable time; (iii) one security system sign not exce (Section 10.03(i))

Maintenance

Association responsible for Common Elements; Owners responsible for their Units and Limited Common Elements as provided in Article XI (Article XI)

Insurance

Policy may contain reasonable deductible; deductible is a Common Expense unless caused by an Owner, in which case it may be assessed to that Owner (Section 5.05)

Use restrictions

Units shall be used for residential purposes only (Section 10.03(a))

Voting & meetings

Each Owner entitled to vote; one vote per Unit; if multiple co-owners, they must agree; if only one co-owner votes, presumed all agree unless written notice to the contrary (Section 3.03)

Amendments

Amendments per Section 14.06; Percentage Interests may be altered only by consent of all Owners and Mortgagees whose interests are changed (Section 14.06; Section 2.03(a))

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