The Parks at Panchasarp Farms

What The Parks at Panchasarp Farms's governing documents say

The Parks at Panchasarp Farms is a single-family homeowners association (HOA) in Burleson, TX. These documents are excerpts (management certificates, bylaws amendments, and supplemental policies) and do not contain the full governing documents (CC&Rs). They apply to lot owners in the subdivision.

• Fines & enforcement: Fines range from $25 to $125 per notice depending on violation count, with additional daily fines of $10/day for continuing violations. The board may set fines on a case-by-case basis. Violation notices include a cure period and hearing rights; repeat violations within 6 months may result in immediate fines.
• Assessments & late fees: Assessments are due on dates set by the board. Late fees of $25 per month and interest at up to 1.5% per month (or the highest legal rate) apply. A $50 fee for returned checks. Collection costs and attorney fees are charged to the delinquent owner.
• Initial contribution: Each owner must pay an initial contribution (working capital) at closing, originally $400, increased to $800 by board resolution (recorded 2023). The board may deposit it into operating or reserve accounts.
• Quorum for meetings: As amended in 2025, a quorum requires 10% of votes (in person or by proxy/ballot) at an initial member meeting. If not met, the board may adjourn and reconvene, where a quorum is then achieved with 5% of votes present.
• Collection policy: Delinquent accounts face a 45-day cure period, liens, and possible foreclosure (but foreclosure on fines-only debt is prohibited). The board may suspend amenity use after 30 days delinquency. Payment plans of 3–18 months may be offered, but no more than once per 12 months or if prior default within 2 years.
• Payment application: Payments are applied oldest-first to: delinquent assessments, current assessments, attorney fees, fines, and other amounts. Partial or conditional payments may be refused.
• What this document does not cover: These excerpts do not include full CC&Rs, architectural guidelines, lease restrictions, pet rules, or age restrictions. Readers should obtain the full recorded Declaration and Bylaws for complete 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.