Legal Question in Real Estate Law in Texas
Deed Restrictions
Can you intrepret the below deed restriction based upon a membership of 122 with 47 members attending meeting, what is the required votes needed to be in compliance with the referenced deed restriction? Any increase in the Annual Maintenance Assessment in excess of five percent (5%) of the previous year�s maximum Annual Maintenance
Assessment shall require the approval of a majority of the Members of the Association who are voting in person or by proxy, at a meeting duly
called for this purpose.
Asked on 7/12/06, 12:46 pm
1 Answer from Attorneys
Charles White
Charles G. White
Re: Deed Restrictions
Not less than "24 Yeas"
Answered on 7/12/06, 12:56 pm