The Melrose

What The Melrose's governing documents say

The Melrose is a condominium community in Richardson, TX — you own your individual unit and share ownership of the building's common elements. The declaration establishes the rules for the association, unit owners, and residents, covering use restrictions, maintenance responsibilities, assessments, and insurance.

• What you own & maintain: You own the interior of your unit, including fixtures and appliances, and must maintain it in good condition. The association maintains the common elements (e.g., exterior, structural components, common areas) and carries master property and liability insurance.
• Use restrictions: Units may be used for single-family residential purposes only. All owners, tenants, and guests must comply with the declaration, bylaws, and any regulations adopted by the association.
• Leasing & rentals: Leases must be in writing, comply with the declaration and regulations, and include a provision that tenants must follow the rules. A copy of each lease must be submitted to the association. No specific minimum lease term is stated in this declaration.
• Assessments & fees: Monthly assessments are set by the board to cover common expenses. Special assessments may also be levied. Assessments are based on the unit's undivided interest in common elements. Delinquent assessments accrue interest at the past due rate (the lesser of 18% per annum or the maximum legal rate) and can result in a lien and foreclosure.
• Alterations & improvements: No alteration affecting structural soundness, exterior appearance, or systems serving multiple units may be made without prior written association approval. Owners may relocate interior partitions with board approval and at their own cost.
• Insurance: The association carries master property and liability insurance. Each owner is responsible for insuring their own unit's contents and alterations. Insurance policies must name the association as insured and provide notice before cancellation.
• What this document doesn't cover: This declaration does not include the association's bylaws, regulations, or current fee amounts. It also does not specify pet limits, parking rules, or age restrictions.

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.