I am also going to go ahead and send you a proposal for the project, so you may have the list of documents we prepare, pricing, timelines, etc.
I am both an attorney and real estate developer, so I run my firm based on project management systems and philosophies. This allows us to work quickly and efficiently, and consistently meet deadlines. Our turn around time on documents is about 1 week, and project timelines are 3-4 weeks depending on surveyor timelines. We are able to work concurrently with any listing. Here is our pricing for a 2 unit condo regime:
Two (2) Unit Condo Package - $2,750.00 + recording costs (approx. $400.00)
- Drafting the following documents:
Declaration (recorded)
Condominium Information Statement
Rules and Regulations (recorded)
Bylaws (recorded)
Certificate of Formation for the HOA (form a non-profit corporation with the Texas Sec. of State)
Consent of Registered Agent from registered agent service & contract for first year of service
UWC for Organizational Meeting of the HOA
IRS Form SS4 for HOA
Obtain EIN for HOA
Management Certificate (recorded)
UWC for Resignations of Officers (to remove the developer from the HOA)
Detailed guide for HOA management provided to buyers
Form State tax exemption for the HOA provided to buyers
- Checklist for you to coordinate with surveyor for condo survey, insurance agent for project insurance, buyer's realtors, buyer's lenders, and title companies closing units
- Draft letter to buyers explaining regime and HOA turnover
- Removal of developer from HOA
The fees and costs above do not include fees charged by surveyors for the condo plat, architects or engineers, or insurance policies. This proposal is valid for thirty days. Please let me know if you have any questions about this proposal, or about the condo conversion process in general.
We are available on an hourly basis to assist with the following items:
- Preparation of HOA budget
- Gathering proposals for condo survey and preparing condo survey mark-up
- Gathering proposals for a condo insurance policy on the project
- Coordination with seller's lender regarding signing of mortgagee's consent
- Conference with listing agent regarding regime
- Coordination with title companies regarding closing of the units
- Completion of condo questionnaires for buyer's lenders
I also wanted to give you some background on my practice. I have completed over 1000 condo regimes, most of these projects in central Austin. I understand both the legal requirements, and your need to get the units sold and to be protected as the developer. Here are some of the projects on which I have worked:
- Noche on Greenwood, The Mockingbird & Frio Eastside Living at EM Franklin (8 units each)
- 1715 Enfield (7 units)
- Roseville on Manor (39 units)
- 908 Nueces (32 units)
- The Landing at Lakeway (75 units)
- Pointe 360 (97 units)
- Parkside Condominiums in Arlington (144 units)
- Moore-Tate Projects & Design projects: 4314 Jinx; 914 Philco; 708-720 Cardinal; 1606-1610 Ravey; 417 & 905 Johanna; 510 El Paso; 2505 Euclid; 2708 La Mesa; 1003 Daphne; 4414 Hank; 507 Sacramento; 4604 Banister
- Greater Austin Builders projects: 1101-1205 W. 39 1/2 St., 400-408, 500-502 W 51st St.; 2808-2900 W 44th St.; 1819-1823 & 1904 W 39th St.; 2500-2502 Southland
- 2013 & 2514 E Cesar Chavez
- 1201, 1603, 1605, 1804, 2200, 2202, 2209, 2210, 2211, 2501, 2617 & 2619 Willow
- 1400, 1504, 1615, 2404, 2506, 2710 Canterbury
- 1402, 1604, 1608, 1610, 2104, 2105, 2108 & 2201 Haskell
- 1200, 1501, 2021, 2103, 2307 E 2nd
- 1300, 1302, 1401, 1503 & 2911 E 3rd
- 1210, 1706, 1708, 2100-2104 & 2101-2105 EM Franklin
- 1201 & 1204-1208 Woodland; 607, 1103 & 1107 Brentwood; 1801 Aggie, 1213 Ruth
- 909, 911, 1208, 1210 Stobaugh
- 900, 1506 & 1913 Payne
- 1200, 1300, 1316, 1719, 1918 W St. John's
- 7708, 7709 & 7801 Mullen
- 1801, 1803, 1903 & 2001 Pequeno
- 1501, 1503, 1505, 1801 Richcreek
We are always looking for more projects in Austin, San Antonio, Houston and Dallas, and I would appreciate your spreading the word to other developers about my services. My practice focuses on creating condominium regimes across Texas, and creating LLCs and Series LLCs for real estate holdings and developments. I have formed over 1000 condominium regimes and over 1000 LLCs for real estate projects across Texas.
I look forward to speaking with you soon!
All the best -
Julie
Julie Alexander, Attorney
1700 E 2nd Street, Suite 200
Austin, Texas 78702
512.478.9770 office phone/fax
512.656.8341 direct/cell
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