Lakewood Homeowner Association Inc

What Lakewood Homeowner Association Inc's governing documents say

This is a set of governing documents for Lakewood Homeowners Association, a single-family HOA in Fort Worth, Texas. The main document is the Second Amended Bylaws, which outline how the association is run—meetings, voting, board structure, and assessments. A separate amendment addresses water utility responsibilities for townhouse owners.

• Association governance & meetings: The HOA holds an annual meeting within 60 days after the start of the year, with at least 15 days' written notice. Special meetings can be called by the president, the board, or members holding 25% of votes. A quorum is 20% of votes entitled to be cast.
• Voting & proxies: Each lot gets one vote, regardless of how many owners it has. Voting can be in person or by proxy, and proxies are revocable and expire on conveyance of the lot or after 60 days. Members can act without a meeting if two-thirds sign a written consent.
• Board of directors: The board has five directors, each serving staggered two-year terms. Directors must be members, receive no compensation (but can be reimbursed for expenses), and can be removed by a majority vote at a members' meeting. Vacancies are filled for the unexpired term.
• Assessments & late fees: The board sets annual assessments at least 30 days in advance and gives written notice. Unpaid assessments become delinquent after 30 days, with a $5.00 late fee per month. The HOA can foreclose on the lot for nonpayment. Owners cannot waive assessments by not using common areas.
• Common area rules & enforcement: The board can adopt rules for common areas and member conduct, and can suspend voting rights and common area use for delinquent assessments or rule infractions (up to 60 days for infractions after notice and hearing).
• Water utility responsibility (amendment): A 2007 amendment clarifies that the centralized water system is for common areas only; individual lots are separately metered, and each homeowner is responsible for their own water utility bills.
• What this document doesn't cover: These documents are the bylaws and a water amendment, not the full declaration of covenants. They do not include details on architectural review, pet rules, leasing restrictions, or other typical HOA restrictions—those would be in the Declaration of Covenants, Conditions, and Restrictions.

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.