The Parks at Waterford Owners Association Inc

What The Parks at Waterford Owners Association Inc's governing documents say

This is a collection of policies and an amended management certificate for The Parks at Waterford Owners Association, a homeowners association (HOA) in Allen, TX. The document is not the full declaration or bylaws; it records administrative policies (architectural guidelines, payment plans, collection, records, voting, email registration) adopted by the board. It is primarily for association members (homeowners) and prospective buyers to understand specific rules and procedures.

• Architectural guidelines: Specific rules for solar panels (must be on rear roof unless energy production would drop >10%; must match roof slope and color); flagpoles (max 20 ft height, flag max 3x5 ft, one per lot); rain barrels (must match home color, cannot be placed between front of home and street); religious displays (max 25 sq in, must be on entry door or door frame). All improvements require prior written approval.
• Payment plans for delinquent assessments: Owners who have not defaulted on a prior plan in the last two years are eligible. For balances under $300: up to 6 monthly installments. For over $300: 25% down, then up to 6 monthly installments. Maximum plan term is 12 months (or 18 months from request date with board approval). No additional monetary penalties accrue during the plan, but interest may continue.
• Collection policy: Delinquent accounts are subject to a escalating collection process: first notice, then 30-day notice, then attorney involvement. Attorneys' fees, court costs, and lien filing are charged to the owner. NSF checks incur a $25 fee. The association may foreclose on the property if payment is not made.
• Records inspection: Only members (owners) or their designated agent may request records. Requests must be in writing via certified mail, describing each record and fiscal year. The association may charge reasonable costs for labor and copying (not exceeding state limits). Estimated cost must be paid in advance. Records may be provided in electronic or hard copy.
• Voting procedures: All ballots, proxies, and absentee ballots must be on forms provided by the association. They must be signed and dated. Electronic submission (email or fax) is allowed but must be received by one business day before the meeting. Proxies are only valid for in-person voting at the meeting.
• What this document doesn't cover: This document does not include the full declaration of covenants, conditions, and restrictions, bylaws, or complete rules on leasing, pets, parking, or age restrictions. Prospective buyers should obtain a resale certificate and review the actual governing documents.

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.