Waterscape Homeowners Association

What Waterscape Homeowners Association's governing documents say

Waterscape is a single-family HOA community in Rockwall County, Texas, governed by a master-planned community charter. This document set includes the community charter, an amendment, and board-adopted policies on fines and assessment collection. It is for homeowners and prospective buyers to understand the HOA's enforcement and financial rules.

• Assessment payment schedule: Starting January 1, 2025, annual assessments are due in two installments: January 1 and July 1. Previously, the full amount was due by January 1.
• Fines for violations: The HOA can fine owners for rule violations. General violations start at $50 after the cure period, then escalate to $100 and $200 per 30-day period. Leasing rule violations carry a $2,500 fine, then $1,000 per 30 days. Fireworks, parking, unapproved modifications, and similar violations are $500, then $500 per 30 days.
• Enforcement process: Before fining, the HOA sends a written violation notice with a cure period and hearing rights. Repeat violations within six months may be fined without a new notice. Fines can become a lien on the property, but the HOA cannot foreclose solely for fines.
• Late fees and interest: Assessments not paid by the due date incur a $25 monthly late fee and interest at the highest legal rate (or 1.5% per month). Returned checks may incur a $50 fee.
• Collection procedures: Delinquent accounts get a 45-day cure period before further action. The HOA may use collection agencies, report to credit bureaus, record a lien, and suspend use of common amenities after 30 days of delinquency. Foreclosure requires board approval.
• Payment plans: The HOA must offer a payment plan to delinquent owners, with terms from 3 to 18 months, but only once per 12 months and not if the owner defaulted on a previous plan in the last two years.
• What this document doesn't cover: This document set does not include the full community rules on property use, architectural guidelines, or amenities. It focuses on financial obligations and enforcement procedures.

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.