Pecan Square Townhomes Residential Community, Inc.

What Pecan Square Townhomes Residential Community, Inc.'s governing documents say

Pecan Square Townhomes is a townhome community governed by a homeowners association. This Community Manual contains the association's founding documents — its Certificate of Formation and Bylaws — which set out how the association is structured and run. It does not contain the community's use restrictions (like pet or rental rules); those are in the separate Declaration of Covenants, Conditions, and Restrictions.

• HOA corporate structure: The association is a Texas nonprofit corporation, Pecan Square Townhomes Residential Community, Inc., with perpetual existence and powers to govern the community as outlined in the Declaration.
• Membership: Every lot owner automatically becomes a member; membership runs with the land and cannot be transferred separately from the property.
• Voting & meetings: Voting rights are set by the Declaration. A quorum for member meetings is 5% of total votes. Proxies are valid only for the specific meeting and for no more than 11 months. Absentee and electronic ballots are allowed with specific rules, including that in-person votes override earlier ballots.
• Board of directors: Initially the board has 3 directors, with two-thirds appointed by the Declarant until the development period ends. After that, members elect directors for staggered terms. Board meetings must be open to owners, with executive sessions allowed for certain topics.
• Declarant control during development: The Declarant retains significant control — appointing most directors and approving amendments — until 75% of lots are sold to non-declarant owners, at which point an initial member election occurs. Full owner control begins only after the development period ends.
• What this document doesn't cover: This excerpt does not include the community's use restrictions (e.g., architectural rules, leasing limits, pets), fines policy, assessment collection, or generator policy. Those are in other attachments to the Community Manual or in the Declaration itself.

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.