Prairie Plaza Owners Association, Inc
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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What Prairie Plaza Owners Association, Inc's governing documents say
Prairie Plaza is a condominium community in Denton County, Texas, where you own your individual unit and share ownership of common elements. The association maintains common areas and carries master insurance, funded by monthly assessments. This declaration governs unit use, leasing, and owner obligations.
- What you own & maintain: You own your unit's interior and must maintain it at your own cost. The association maintains all common elements, funded by monthly assessments, and may enter your unit for emergencies or necessary repairs.
- Leasing & rentals: Units may be leased, but leases must be in writing and comply with all governing documents. There is no stated minimum lease term in this excerpt.
- Permitted uses: Units may be used for commercial, office (including medical offices), and other uses allowed by the Town of Flower Mound. Residential use is not explicitly stated as a permitted use.
- Assessments & fees: The association levies monthly assessments for common expenses, and may levy special or individual assessments. Each owner must also pay a non-refundable working capital contribution equal to two times the monthly assessment.
- Voting rights: Each unit owner gets 1,000 votes per unit, weighted by their percentage interest in common elements. Voting rights can be suspended for nonpayment of assessments or other defaults.
- Alterations & approvals: Owners need prior written approval from the association for any alteration visible from other units, common elements, or the exterior, and for any changes to common elements or unit boundaries. Approval can be withheld at the association's sole discretion.
- What this document doesn't cover: This excerpt does not include specific rules on pets, parking, age restrictions, or rental terms beyond the general leasing provision. Those may be in other sections of the declaration or in the association's bylaws and regulations.
Key facts from Prairie Plaza Owners Association, Inc's documents
- Community type
- Condominium (Title page)
- Legal name
- Prairie Plaza Owners Association, Inc. (Section 1.6)
- Developer / declarant
- FM Prairie Properties, LLC, a Texas limited liability company, address 10325 Mateo Trail, Irving, Texas, 75063 (Section 1.17)
- Governing law
- Uniform Condominium Act, Texas Property Code, Chapter 82, Section 82.001 et seq. (Section 1.1)
- Assessments & dues
- Association establishes Monthly Assessment sufficient to pay Common Expenses and maintain reserve fund; Budget delivered to Owners prior to fiscal year (Sections 7.1.1, 7.1.2)
- Special assessments
- Association may establish Special Assessments for non-recurring Common Expenses (Section 7.1.3)
- Collections & liens
- Association has lien on each Unit, Rents, and Insurance Proceeds to secure Assessments; lien prior to other liens except Priority Lien Indebtedness and Governmental Impositions; may enforce by non-judicial foreclosure sale per Texas Propert (Section 7.4)
- Reserves & fees
- Association shall establish and maintain adequate reserve fund for Common Elements maintenance, funded by Monthly Assessments rather than Special Assessments (Section 5.1.2)
- Leasing & rentals
- Units may be leased, provided lease is in writing and subject to Governing Documents (Section 3.2)
- Architectural approval
- Owners (other than Declarant) must obtain prior written approval of Association for additions, alterations, or improvements visible from other Units, Common Elements, or exterior; approval may be withheld in sole discretion (Section 5.3)
- Signs & flags
- Shared signage per Signage Exhibit E; no other signs allowed; disputes over placement resolved by Association (Section 3.7)
- Maintenance
- Owners responsible for maintenance, repairs, replacements of their Units; Association responsible for maintenance of Common Elements (Sections 5.1.1, 5.1.2)
- Insurance
- Association shall obtain and maintain all insurance coverage required by Act and Bylaws, and may carry additional insurance including liability for officers, directors, trustees, employees (Sections 6.1.1, 6.1.2)
- Use restrictions
- Units may be used for commercial, office (including medical offices) and otherwise as allowed by Town of Flower Mound (Section 3.1)
- Voting & meetings
- Each Member entitled to number of whole votes equal to product of percentage interest in Common Elements times 1,000; fractional voting not allowed (Section 4.2)
- Amendments
- Declarant may file amendments or Supplemental Declarations; specific procedures for amendments not detailed in provided text (Section 3.4.11)
About this HOA
Prairie Plaza Owners Association, Inc is a homeowners association in Denton, TX.
HOAproxy has 1 document on file for Prairie Plaza Owners Association, Inc: 1 recorded document. Last updated 2026-08-05.