Old Town Vlg Owners

What Old Town Vlg Owners's governing documents say

Old Town Village is a townhome community in Argyle/Lewisville, TX, governed by an owners association. These Bylaws establish how the association is run — who serves on the board, how meetings work, how rules are enforced, and what owners must do. They don't list the actual use restrictions (like pets or parking); those are in the Declaration or separate rules.

• Who the rules bind: All present and future owners, and anyone who occupies or uses the property, must follow these Bylaws and the Declaration. Buying a lot or occupying a townhome means you agree to follow them.
• Board of Directors: The board has 3 directors, each serving 2-year staggered terms. To be eligible, a director must be an owner (or spouse) and cannot be delinquent on assessments, have uncured violations, or be in litigation against the association. Owners elect directors at the annual meeting in March.
• Meetings & Voting: Annual meetings are held in March. Special meetings can be called by the board or by owners of at least 20% of lots. A quorum is 20% of lots represented in person or by proxy. Most decisions need a majority of votes cast, unless a higher percentage is required.
• Assessments & Financial Obligations: Owners must pay assessments levied by the association to cover common expenses. Being current on assessments is required to vote. The board can impose fines and collect legal fees for violations, but must give notice and a hearing first (except for emergencies or self-evident violations).
• Enforcement & Fines: The board can fine owners, enter lots to abate violations (after notice), or sue. Fines must be reasonable and cannot exceed a cap set by the board. Notice and an opportunity for a hearing are required before most fines or suspensions. Unpaid fines cannot be foreclosed on their own.
• Owner Obligations: Owners must notify the board before selling (at least 10 business days), provide contact info within 30 days of buying, and keep a mailing address on file. They must also register mortgagees.
• Rulemaking & Amendments: The board can adopt, amend, or terminate rules after 10 days' notice to owners and a chance for comment. Bylaw amendments require approval by a majority of votes present at a meeting with a quorum (but the quorum can be as low as 20% of lots).
• What this document doesn't cover: These Bylaws don't contain specific use restrictions like leasing rules, pet limits, parking, or age restrictions. Those are likely in the Declaration of Covenants, Conditions, and Restrictions (the CC&Rs) or separate association rules. Readers should consult those documents for daily living requirements.

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.