Running Bear Estates

What Running Bear Estates's governing documents say

Running Bear Estates is a single-family home subdivision in Euless, TX, governed by a homeowners association. The Declaration of Covenants and Assessments creates an HOA for all lot owners, which maintains shared common areas (like a masonry wall) and levies annual assessments. The rules apply to every property owner in the subdivision. A later correction instrument fixes a legal description but does not change these rules.

• HOA & common areas: All lot owners are automatically members of the HOA, which is responsible for maintaining common areas and a maintenance easement for the masonry wall; the HOA may adopt rules and bylaws for assessment and maintenance.
• Annual assessments: Each lot pays $250 per year initially (paid to Key Life Homes during the developer's maintenance period, then to the HOA). The HOA may change the amount and levy special assessments as needed; unpaid assessments become a lien on the property.
• Late fees & collection: If an assessment is unpaid for more than 30 days after the delinquency date, interest accrues at 15% per year and a 10% late penalty is added. The HOA can sue the owner personally or foreclose on the property lien, with attorney's fees and court costs.
• Duration & termination: The covenants run with the land for 35 years from the date of recording, then automatically extend for successive 10-year periods unless owners representing at least 70% of the lots vote to abolish them.
• Voting & elections: Each lot has one vote in HOA elections, which are held in January each year; officers are elected by majority vote of owners.
• What this document doesn't cover: This declaration does not contain architectural review guidelines, pet restrictions, rental rules, or specific homeowner maintenance obligations beyond common assessments; these may be set out in separate HOA rules or amendments.

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.