Abbott Terrace

Richardson, TX
TypeHOA
Proxy votingNot in documents

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What Abbott Terrace's governing documents say

Abbott Terrace is a condominium community in Richardson, TX — you own your individual unit and share ownership of the building's common elements with other unit owners. The association manages the common areas, enforces rules, and levies assessments to cover expenses. This document governs everything from use restrictions to maintenance responsibilities and assessment liens.

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.

Key facts from Abbott Terrace's documents

Reflects the 1979 governing documents — figures and rules are as originally recorded and may have changed since.

Community type
Condominium (Recital C: "condominium regime")
Developer / declarant
Daon Corporation, a Delaware corporation (Introductory paragraph)
Governing law
Texas Condominium Act (Article 1301a) (Recital C; Section 1.23)
Assessments & dues
Total estimated funds in budget adopted by Board; assessed proportionally to Common Interest of each Owner (Section 4.3)
Special assessments
Yes, for capital improvements or unanticipated expenses, or for individual non-compliance; proportionally or individually as applicable (Section 4.4)
Collections & liens
Unpaid assessments constitute a lien on the Unit, enforceable by non-judicial foreclosure with power of sale; lien subordinate to tax liens and first mortgages recorded prior (Sections 4.3, 4.5)
Reserves & fees
Required: "annual Assessments shall include an adequate reserve fund for maintenance, repairs and replacement of the Common Elements" (Section 4.2)
Pets
Permitted only as allowed in Bylaws or rules adopted by the Board (Section 7.5)
Leasing & rentals
Yes, with restrictions (Section 7.8)
Parking & vehicles
Assigned parking spaces (Limited Common Elements) and unassigned parking areas (General Common Elements) (Sections 1.15.1, 1.13.3)
Fences
Fence requires prior written approval (under architectural control) (Section 8.1)
Architectural approval
Yes, for any building, fence, wall, structure, improvement, or alteration (except interior repainting and rebuilding per original or approved plans) (Sections 8.1, 8.2)
Home business
Prohibited: "no trade or business shall be conducted therein" (Section 7.1)
Signs & flags
Owners other than Declarant prohibited from placing any signs in or around Common Elements or displaying signs to public view on any Unit (Section 7.4)
Maintenance
Roofs are part of General Common Elements (Section 1.13.2); therefore Association maintains (Section 1.13.2)
Insurance
Comprehensive public liability ($1,000,000 per occurrence) and master multi-peril property insurance on a replacement cost basis (100% insurable value); also flood, boiler explosion if applicable (Sections 9.8.1, 9.8.2)
Use restrictions
Yes: "No Unit shall be occupied and used except for residential purposes" (Section 7.1)
Voting & meetings
One vote per unit valued equal to Common Interest as set forth in Exhibit A4 (Section 3.4)
Amendments
Requires consent of Owners representing 51% of Common Interest and all first lien Mortgage holders (except as provided in Section 9.5.5); revocation requires unanimous consent. Declarant may amend unilaterally before first annual meeting. (Section 9.6)

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

Management & contact for Abbott Terrace

Management company
Principal Management Group of North Texas (source)

From public records (state HOA registry or the association's site); may be out of date — verify before relying on it.

About this HOA

Abbott Terrace is a homeowners association in Richardson, TX.

HOAproxy has 3 documents on file for Abbott Terrace: 2 amendments and 1 recorded document. Last updated 2026-06-07.

Governing documents

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