Section 113.151 - Demand for Accounting (a) A beneficiary by written demand may request the trustee to deliver to each beneficiary of the trust a written statement of accounts covering all transactions since the last accounting or since the creation of the trust, whichever is later.
Iniums are a form of real property ownership that are not exempt by state law from municipal or county regulation. Additionally, the municipal and county subdivision requirements of the Texas Local Government Code can apply to a inium development depending on its physical layout.
Section 82.111(a)(1) requires that a inium association maintain “property insurance on the insurable common elements insuring against all risks of direct physical loss commonly insured against, including fire and extended coverage. . .” However, under Section 82.111(b), for inium developments with ...
(a) An assessment levied by the association against a unit or unit owner is a personal obligation of the unit owner and is secured by a continuing lien on the unit and on rents and insurance proceeds received by the unit owner and relating to the owner's unit.
Section 718.112(2)(c), F.S. 4. Receive notice of meetings at which the board shall consider a special assessment or changes to rules concerning unit use. Notice must be by mail, electronic transmission, or personal delivery and posted on the inium property at least 14 continuous days in advance.
Fencing is an essential feature in condo communities, whether you're looking to boost security, create more privacy, or improve the property's overall look. In condo developments, especially in detached homes or townhouse complexes, fencing choices often reflect both community guidelines and individual preferences.
Section 82.111 - Insurance (a) Beginning not later than the time of the first conveyance of a unit to a person other than a declarant, the association shall maintain, to the extent reasonably available: (1) property insurance on the insurable common elements insuring against all risks of direct physical loss commonly ...
Board of Directors and Officers The Board of Directors is the cornerstone of an HOA's governance structure. They hold the responsibility for overseeing the association's affairs in ance with Texas law and the association's own governing documents.
House Bill 614 is a significant step towards a more balanced and equitable relationship between HOAs and homeowners in Texas. By clearly outlining fining procedures and ensuring your right to due process, this HOA law empowers you to navigate your HOA community with confidence.
Depending on the organizational form of the entity, however, the home or property owners' association may not be required to register with the secretary of state.