Townhomes at Plano Gateway

What Townhomes at Plano Gateway's governing documents say

This is a supplemental amendment to the covenants for Townhomes at Plano Gateway, a townhome community in Frisco, TX. It adds two new fees that apply to owners when they buy or sell a townhome, and it amends the original declaration. This is not a full rulebook; it only covers these specific fees.

• Capitalization Fee: At the time of each sale of a townhome, the seller must pay the association a fee equal to four months of the then-current annual assessment per townhome lot. This fee is non-refundable, is not an advance on regular assessments, and the amount can be changed by the board for future sales.
• Road Maintenance Fee: Each owner (other than the developer) must pay a fee equal to four months of the then-current annual regular assessment per townhome lot per month, beginning when a townhome is constructed and sold to the public, and continuing on each resale. This fee funds maintenance of private roads in the subdivision and is also non-refundable and not an advance on other assessments.
• What this document doesn't cover: This amendment does not describe general community rules, pet policies, leasing restrictions, or other typical HOA covenants. It only adds the two fees described above.

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.