Woodstone Property Owners Association, Inc.

What Woodstone Property Owners Association, Inc.'s governing documents say

This is a set of governing documents for Woodstone, a single-family home community in Allen, TX, run by a property owners association (HOA). The documents include the association's certificate of formation, bylaws, and several policies, but the main rules (the Declaration of Covenants, Conditions, and Restrictions) are not included here. This is for homeowners and prospective buyers who want to understand how the HOA is structured and governed.

• What this document covers: This packet contains the association's certificate of formation, bylaws, and adopted policies (records, fines, assessments, meetings). It does not include the full Declaration of Covenants, Conditions, and Restrictions, which contains the main property-use rules.
• HOA structure & membership: Woodstone Property Owners Association is a Texas nonprofit corporation. Membership is automatic for all property owners and runs with the land; owners have voting rights as set in the Declaration.
• Board of directors: The board manages the association. During the development period, the developer (M/I Homes) appoints directors; after that, owners elect directors. The board has broad powers to set budgets, levy assessments, make rules, and enforce the governing documents.
• Meetings & voting: Annual owner meetings are held, and special meetings can be called by the board or by owners holding 20% of votes. A quorum is 5% of total votes. Owners can vote in person, by proxy, or by ballot. Board meetings are open to owners, with some exceptions for executive session.
• Assessments & finances: The board sets annual assessments to cover common expenses, and may collect them annually in advance. The association must keep books, provide financial reports, and have an annual audit by an independent CPA.
• Records & transparency: Owners have the right to inspect and copy association records, subject to the recorded Records Production and Copying Policy. The board must give notice of meetings and maintain minutes.
• What this document doesn't cover: The full Declaration (with rules on property use, architectural control, maintenance obligations, and specific restrictions) is not included here. Also, the attached policies (fine, assessment collection, etc.) are referenced but their full text is not in this excerpt.

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.