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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A community association may approve and submit to a vote of the owners an extension of a restriction imposing a regular assessment.
(b) The extension of a restriction imposing a regular assessment is approved if a majority of the owners in the subdivision who vote on the issue in accordance with Section 206.004 vote in favor of the extension.
(c) An extension approved in accordance with this section and Section 206.004 applies to all real property in the subdivision, including residential and commercial property.
(d) A document certifying that a majority of the owners voting on the issue approved the extension of the restriction must be recorded in the real property records of the county in which the subdivision is located.
Cite this article: FindLaw.com - Texas Property Code - PROP § 206.003. Extension of Restriction Imposing Regular Assessment - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-206-003/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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