Eaglewood Townhomes Owners Association Inc.

Key facts from Eaglewood Townhomes Owners Association Inc.'s documents

Reflects the 1993 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (townhome association – separate lot ownership) (Definitions 8, 13, 17)

Developer / declarant

Resolution Trust Corporation as Receiver for Victoria Savings Association (Preamble)

Governing law

Texas Non-Profit Corporation Act (Article 1396, Texas Revised Civil Statutes, as amended) (Definition 2)

Assessments & dues

Determined annually by Board of Directors based on maintenance costs, expenses, and reserves (Article IV, Section 3)

Collections & liens

Assessment constitutes a continuing lien on the townhome; Association has power of sale under Texas Property Code §51.002 (non-judicial foreclosure) and may also bring personal action (Article IV, Section 8)

Reserves & fees

Must establish and maintain adequate reserve for replacement, repair, maintenance, taxes, insurance (Article IV, Section 3)

Pets

Yes – dogs, cats, or other usual household pets; maximum 2; no commercial breeding (Article XI, Section 7)

Leasing & rentals

Yes, with written lease subject to Declaration, Bylaws, and Rules; minimum term 30 days (Article II, Section 3)

Fences

No fences, hedges, or walls shall be maintained except as installed with initial construction or as approved by Board or Architectural Committee (Article XI, Section 13 and Article IX)

Architectural approval

Yes, for any building, fence, wall, structure, exterior addition, change, or alteration – plans and specifications must be submitted to Board of Directors and Architectural Committee for written approval (Article IX)

Solar & roof

Prohibited (Article XI, Section 10)

Home business

Prohibited (Article XI, Section 2)

Signs & flags

No advertising signs except one 'For Sale' or 'For Rent' sign not exceeding 5 square feet, placed within boundary of sidewalk and lot, until all homes sold (Article XI, Section 6)

Insurance

Property: lesser of $10,000 or 1% of the sum insured; Flood: lesser of $5,000 or 1% of policy face amount (Article VI, Section 1(a)(1) and (a)(4))

Use restrictions

Each townhome shall be used only as a private residence; no professional, business, or commercial use (Article XI, Section 2)

Voting & meetings

One vote per townhome owned; if multiple owners, they must agree; contract purchasers may vote only with seller's written approval (Article I, Section 5)

Amendments

By meeting of Owners with approval of not less than 67% of total voting membership and 51% of First Mortgagees; evidenced by written instrument recorded in Smith County (Article XIII, Section 3)

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