Condo development

Since condominiums are a relatively new trend in San Antonio, Texas, the San Antonio Business Journal featured an interesting article about the main difference between traditional detached housing and condominium living: the principle of common ownership and maintenance requirements for the condominium developer even after all units are sold. Often, these requirements and ownership of common areas is transferred to a homeowners’ association by the developer.

Under the Texas Condominium Act, the condominium owner owns rights to the unit itself however specific rights and controls must remain with the developer. Thus, the developer must have a comprehensive document containing the rights and obligations of owners in order to protect the vision for the project.