Starwood Professional Village Homeowners

What Starwood Professional Village Homeowners's governing documents say

This document is an Assessment Collection Policy and a Covenant Compliance Inspection Resolution adopted by the Board of Starwood Professional Village, an office condominium community in Frisco, TX. It outlines rules for paying assessments and a requirement for a compliance inspection when a unit is transferred. This is a partial document and does not contain the full governing documents or complete rules of the community.

• Assessment collection: Regular assessments are monthly and due on the first of the month. Late fees and interest are charged on delinquent amounts. The Association may offer a payment plan with a minimum term of three months. Delinquencies can lead to acceleration of remaining installments, liens, and collection costs (including attorney and title fees) charged to the owner.
• Covenant compliance inspection: Upon transfer of ownership, the Association requires a Covenant Compliance Inspection. The resolution indicates this is tied to the disclosure process, but details are not fully legible.
• What this document doesn't cover: This document does not contain full CC&Rs, bylaws, or complete rules about use of property, pets, leasing, parking, or other typical HOA restrictions. It only addresses assessment collection and a transfer inspection.

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.