Sycamore Landing Homeowners Association

What Sycamore Landing Homeowners Association's governing documents say

Sycamore Landing is a homeowners association (HOA) in Fort Worth, TX. This document is an ancillary policy that explains only how the HOA collects unpaid assessments from homeowners. It does not contain the full neighborhood rulebook.

• What this document covers: This is the HOA's assessment collection policy — it governs late fees, interest, collection procedures, liens, and credit reporting when an owner falls behind on HOA assessments.
• Delinquency & late fees: An assessment not fully paid by its due date becomes delinquent and remains so until paid in full. Late fees and interest begin accruing per the association's governing documents, and the association may charge bad-check or stop-payment fees.
• Payment application: Payments from a delinquent owner are applied in a set order: first delinquent assessments, then current assessments, then attorney fees/costs from collection, other attorney's fees, fines, and finally any other amount owed — regardless of the owner's payment notation.
• Acceleration of installment assessments: If an owner defaults on an installment assessment (other than a regular assessment), the HOA can declare the entire remaining balance due after giving at least 15 days' notice of the default and intent to accelerate.
• Collection steps: The HOA may send friendly reminders on the first delinquent month, then an initial collections letter giving 30 days to pay or dispute, and later a final demand letter giving 45 days to pay or dispute and request a board hearing before the account is turned over to the HOA attorney.
• Liens & credit reporting: The HOA may order a title search, file an assessment lien against the property, and report the delinquency to credit bureaus. Once the owner pays in full, the HOA will release the lien and report the payment to credit bureaus.
• Owner liability for collection costs: The delinquent owner may be required to pay the HOA's reasonable collection costs, including title reports, mailing, filing fees, and attorney's fees.
• What this document doesn't cover: This is only a collection policy, not the full HOA covenants or rules. It does not cover property-use restrictions, architectural review, pets, leasing, parking, or the actual amount of assessments.

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.