Founders Place Homeowners Association, Inc

What Founders Place Homeowners Association, Inc's governing documents say

Founders Place is a homeowners association (HOA) in Forney, TX. This document is a partial amendment to the declaration, specifically updating leasing and occupancy restrictions. It applies to all lot owners and residents.

• Leasing & rentals: Leases must be for a term of at least one year with no cancellation option. The entire residence must be leased; leasing individual rooms is prohibited. Short-term transient or hotel use is not allowed.
• Owner occupancy requirement: New owners cannot lease their residence for 24 months after acquiring title, unless the Board approves a hardship exception. After that, owners may lease on a first-come, first-served basis, but must notify the Board in writing each time a lease begins or renews.
• Board approval process: Owners seeking to lease must submit information about the prospective tenant (name, address) to the Board. The Board may decline the lease if it doesn't meet requirements. A reasonable fee may be charged for processing. Leases not complying are void.
• Hardship exception: The Board may grant exceptions to the 24-month waiting period for undue hardship (e.g., job relocation, marital status change, death, military leave). The exception lasts for a limited time subject to Board review.
• What this document doesn't cover: This is only a partial amendment to the original governing documents. It does not cover other HOA rules such as architectural control, maintenance responsibilities, assessments, pets, parking, or common area use. Refer to the full Declaration and other HOA documents.

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.