These covenants, restrictions, reservations and conditions shall remain in full force and effect for a period of 20 years from the date hereof. Thereafter they shall be deemed to have been renewed for a successive term of 10 years unless revoked or amended by an instrument in writing executed in a knowledged by then owners of not less than three quarters of the patio Townhomes on said property, which said instrument shall be recorded in this office of the county clerk of Tarrant County Texas within 90 days prior to the expiration of the initial effective prriod hearof or any 10-year extension.
Filed in Oct 1973. They are grossly outdated. Does this mean....HOA has to wait til July 2023 to amend /file any amendments to the CC&Rs?
Keep reading the CCRs. Usually towards the end there is a mechanism by which the full CCRs can be amended or terminated. It may take not only unanimous approval of all owners, but also all lenders with mortgages encumbering the properties within the area governed by the CCRs.
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