Monticello Crossroads Condominium Association

Key facts from Monticello Crossroads Condominium Association's documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Units / lots

73 apartments (Page 4 ('total of seventy-three (73) apa)

Developer / declarant

Monticello Crossing Joint Venture, a Texas joint venture composed of Dondi Properties, a Texas corporation, and Florida First Service, a Florida corporation (Preamble, Page 4)

Governing law

Texas Condominium Act, Article 1301a of the Texas Revised Civil Statutes (Preamble, Page 4)

Assessments & dues

Board annually estimates net charges for year, then assesses Owners according to percentage interest in Common Elements; monthly installments (Section 4.01A, Page 23-24)

Special assessments

Board may levy further assessment if estimated sum inadequate; also for damage/replacement deficiency (Sections 4.01A, 3.07(g); Pages 23-24, 19)

Collections & liens

Deed of trust lien to secure assessments; foreclosure by public auction under power of sale (Article 3810) or as mortgage lien; notice and 10-day cure period (Section 4.07, Pages 26-29)

Reserves & fees

Board shall include in estimated cash requirements reasonable provision for contingencies, replacements, and amounts to fund adequate maintenance fund (Sections 4.01A, 4.05A; Pages 23, 25)

Pets

Not explicitly prohibited; rules must provide that any pet deemed a nuisance by Board shall be removed (Section 3.07(e), Page 18)

Leasing & rentals

Leases permitted for term of not less than 30 days; no other restriction on term (Section 5.03(h), Page 33)

Parking & vehicles

Each Owner has exclusive use of one parking space or garage; Board may grant exclusive use of unassigned spaces; limited to parking only, no structures allowed without permission (Section 2.02, Pages 8-9)

Architectural approval

No structural alterations, additions, exterior alterations, or improvements without prior written approval of Board; also no alteration in Common Elements without consent (Sections 5.02, 5.03(b); Pages 30, 32)

Signs & flags

No sign of any kind displayed to public view without prior consent of Board, except temporary signs by Developer in original sale or leasing (Section 5.03(d), Page 32)

Maintenance

Owner responsible for interior of Apartment, its equipment and appurtenances, including plumbing fixtures, water heaters, furnaces, lighting fixtures, refrigerators, air conditioning equipment, dishwashers, disposals, ranges. Association re (Sections 5.01, 3.06)

Insurance

Board shall obtain multi-peril hazard insurance on a replacement cost basis, not less than 100% of insurable value of Common Elements, including fixtures, building service equipment, and common personal property. (Section 6.01)

Use restrictions

Each Apartment shall be occupied and used as a private residence; exclusively for residential purposes (Section 5.03(a), Page 32)

Voting & meetings

Class A (Owners): one vote per Condominium; Class B (Developer): votes equal to one more than total Class A votes, reducing to one vote per Condominium when Class A units >= 3x Class B units. Control passes to Class A by earlier of 120 days (Section 3.02, Pages 14-15)

Amendments

Amendments require approval of Owners and Mortgagees as provided in Section 8.06. (Section 8.06)

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