Panther Creek Estates HOA Inc

What Panther Creek Estates HOA Inc's governing documents say

Panther Creek Estates is a single-family HOA in Collin County, Texas. The provided text is a partial set: an amendment to the declaration, a collection policy, and an enforcement/fine policy — not the full CCRs. These rules bind homeowners and, where applicable, their tenants.

• Special assessment on builder resales: When a home builder sells a lot to a Class A member, the HOA will impose an additional special assessment equal to 10 months' regular annual assessments, regardless of prior sales.
• Assessment collection & interest: Assessments are delinquent 10 days after the due date; unpaid balances accrue 18% per annum interest plus late fees, and the HOA may pursue collection, liens, and foreclosure.
• Dishonored checks: A $25 processing fee plus any bank fees are charged to the owner's account for a dishonored check.
• Payment plans: Owners may request a payment plan per Texas law; they are responsible for administrative costs, and the HOA does not accept cash.
• Fine schedule for rule violations: Fines vary: $50 for first notice, $500 for uncurable or health/safety threats, and $100 per day for listing a home for rent with a term under 6 months. Amenity rule violations can result in 30-day suspension of access.
• Enforcement process: Curable violations get a chance to cure with notices; uncurable or health/safety violations get a demand letter. Owners have the right to a hearing, and the HOA may suspend privileges or take legal action.
• Vandalism: Vandalism of community property results in automatic suspension of amenity privileges and the vandal is liable for repair/replacement costs.
• What this document doesn't cover: This is not the full declaration; it omits architectural rules, general property use restrictions, and the complete CCRs. The first pages are a specific builder warranty/arbitration agreement for a single lot, not community rules.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.