Pradera Ridge Homeowners Association, Inc.

Key facts from Pradera Ridge Homeowners Association, Inc.'s documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Property Owners Association as defined in Texas Property Code §209.002(7) (Article 1.1)

Legal name

Pradera Ridge Homeowners Association, Inc.

Governing law

Texas Property Code Chapter 209 (Texas Residential Property Owners Protection Act) and Texas Business Organizations Code Chapter 22 (Article 1.1, 1.3, 1.2O)

Assessments & dues

Current minimum assessment of $300.00 per year. Payable January 1, due January 15 each year after Lot acquired. Board may fix amount with at least 30 days notice before due date. (Article 9.3, 9.4)

Collections & liens

Assessments are a continuing lien on the Lot and personal obligation of Owner. Association may foreclose the lien. Lien subordinate to first mortgage. Sale under mortgage foreclosure extinguishes assessment lien for payments due prior to sa (Article 9.1, 9.5, 9.7)

Reserves & fees

Automatic late fee as determined by Board. Interest from due date at maximum rate allowed by law, not to exceed 18% or max state law. Board may also establish reasonable late charges. (Article 9.5, 3.19)

Voting & meetings

One vote per Lot owned. No cumulative voting. Voting may be in person, by proxy, absentee ballot, or electronic ballot. Board may choose one or more methods but must allow absentee ballot or proxy. Majority of votes cast decides unless high (Article 5.8, 5.10)

Amendments

Bylaws amended by Majority of Members. Proposed amendment described in notice of meeting. Adoption by vote or written consent of Members representing at least Majority of votes cast or present at meeting with quorum. Amendment must be in wr (Article 12)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.