Waterford Trails Owners Association, Inc.

What Waterford Trails Owners Association, Inc.'s governing documents say

Waterford Trails is a residential community in Allen, Texas, governed by a homeowners association (HOA) under a Declaration of Covenants, Conditions, and Restrictions. The community includes a mix of housing types—single-family homes, townhomes, and possibly condos—organized into neighborhoods, with shared common areas and amenities. The HOA manages common areas, enforces rules, and collects assessments from all unit owners. This summary is based on a truncated and OCR-noisy version of the declaration, so some specific rules may be missing.

• What you own & maintain: Owners maintain their unit, including landscaping, driveways, sidewalks, and improvements within property lines. They also maintain areas between their property and the street, and may share maintenance of party walls and fences. The association maintains common areas like parks, streets, lakes, and recreational facilities.
• Assessments & fees: The HOA levies Base Assessments for common expenses, Neighborhood Assessments for neighborhood-specific costs, and Special or Benefited Assessments as needed. The board sets the budget; owners can disapprove it with a 75% vote. Assessments are mandatory even if you don't use the amenities, and unpaid assessments can lead to liens.
• Architectural review: Any exterior changes—such as landscaping, fences, or structural modifications—require approval from the association's architectural review process, following adopted Design Guidelines. The board can grant variances and is not liable for its approvals.
• Leasing & rentals: The declaration includes rules on leasing units, but the provided excerpt doesn't specify any lease term minimums or approval requirements. Owners should review the full declaration for leasing restrictions.
• Pets & animals: The declaration includes restrictions on animals and pets, but specific limits (number, type, size) are not visible in this excerpt. Expect rules requiring owners to control pets and prevent nuisances.
• Parking & vehicles: The declaration has rules on parking and prohibited vehicles, but details are not shown in this excerpt. Likely restrictions may include limits on commercial vehicles, boats, and parking on streets or lawns.
• Insurance: The association must carry master insurance on common areas, including liability coverage with at least $1 million combined single limit and $2 million per occurrence. Owners are responsible for insuring their own unit and personal property, and may need to carry additional coverage.
• Party walls: Owners who share a wall, fence, or driveway split repair and maintenance costs equally. If damaged, each owner contributes to rebuilding, and disputes are resolved per the declaration.

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.