Riverside Point

What Riverside Point's governing documents say

Riverside Point is a townhome community in Flower Mound, TX, governed by an HOA. This recorded document contains the association's policies for collecting assessments and enforcing rules — it is not the full CC&Rs. It applies to all homeowners in the community, and also affects renters because owners are responsible for fines and assessments.

• Assessment due dates & late fees: Regular assessments are billed quarterly and due by the 1st of January, April, July, and October. They become delinquent on the 10th of the month at 5:00 p.m., after which a $25 monthly late charge applies plus 18% annual interest.
• Collection process: The HOA follows a sequence of notices (courtesy, demand, final, lien intent, etc.) with specific timeframes. An assessment lien can be filed at least 90 days after the demand letter, and foreclosure may follow if the debt stays unpaid.
• Payment plans: Homeowners in financial hardship can request a payment plan of 3 to 6 months. To qualify, you must not have defaulted on a prior payment plan in the last 2 years, and all new assessments must be included.
• Violation fines: Fines for rule violations range from $25 to $500 per single offense, with up to $2,000 for serious threats to health or safety. Repeated violations can lead to doubled fines and additional weekly or daily penalties.
• Enforcement process & hearings: The HOA sends written notices with cure periods (typically 10–14 days) before imposing fines. Owners have the right to request a hearing before the board within 30 days of the violation notice, and must receive evidence packets in advance.
• Common violations: The policy lists examples such as unapproved exterior changes, visible trash cans, inoperable vehicles, overgrown lawns, and holiday decorations left up more than 30 days.
• What this document doesn't cover: This is not the full rulebook. It does not include the actual CC&Rs, architectural guidelines, or other community rules — those are in the Declaration and Bylaws referenced by this recording.

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.