Mosaic Community Association, Inc.

What Mosaic Community Association, Inc.'s governing documents say

This is a set of two amendments to the governing documents of Mosaic, a residential community in Denton County, Texas. The amendments are part of a master-planned community with a master covenant and a community enhancement covenant. They change the rules about who pays certain fees when property is transferred.

• Community Enhancement Fee: The amendment removes the exemption that previously allowed transfers to homebuilders to avoid the Community Enhancement Fee. Now, any transfer of a lot or condominium unit to a homebuilder is subject to this fee.
• Working Capital Assessment: The amendment removes the exemption for homebuilders and residential developers from the one-time Working Capital Assessment. This assessment is due upon each transfer of title, and the amount can vary by lot size and type. Certain transfers (like foreclosures, transfers to the association, or transfers to family members) remain exempt.
• What this document doesn't cover: These are amendments to existing covenants, not the full rulebook. They do not cover general community rules like pet restrictions, architectural guidelines, or rental terms. For those, you would need to review the original Master Covenant and Community Enhancement Covenant.

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.