Definiciones Clave para Asociaciones de Propietarios en Texas

Sec. 209.002. DEFINITIONS. In this chapter: (1) "Assessment" means a regular assessment, special assessment, or other amount a property owner is required to pay a property owners' association under the dedicatory instrument or by law. (2) "Board" means the governing body of a property owners' association. (3) "Declaration" means an instrument filed in the real Statute text rendered on: - 1001 - 10/26/2024 PROPERTY CODE property records of a county that includes restrictive covenants governing a residential subdivision. (4) "Dedicatory instrument" means each governing instrument covering the establishment, maintenance, and operation of a residential subdivision. The term includes restrictions or similar instruments subjecting property to restrictive covenants, bylaws, or similar instruments governing the administration or operation of a property owners' association, to properly adopted rules and regulations of the property owners' association, and to all lawful amendments to the covenants, bylaws, rules, or regulations. (4-a) "Development period" means a period stated in a declaration during which a declarant reserves: (A) a right to facilitate the development, construction, and marketing of the subdivision; or (B) a right to direct the size, shape, and composition of the subdivision. (5) "Lot" means any designated parcel of land located in a residential subdivision, including any improvements on the designated parcel. (5-a) "Management company" means a person or entity establ