Lakes of Buckingham Homeowners Association Inc.

Key facts from Lakes of Buckingham Homeowners Association Inc.'s documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Section 1.4)

Legal name

Lakes of Buckingham Homeowners Association, Inc. (Section 1.4)

Units / lots

Not explicitly stated; Common Area includes Lots 51-58, Block A; Private Streets are Lot 59, Block A (Section 1.9; Section 1.20)

Developer / declarant

Toll TX II, L.P., a Texas limited partnership (successor to Southern Ventures, Ltd.) (Preamble; Section 1.10)

Governing law

Texas Non-Profit Corporation Act (referenced in Bylaws) (Bylaws Section 5.14)

Assessments & dues

Prior to each fiscal year, Board estimates expenses, including reasonable provision for replacement reserves, less expected income and surplus; levies assessments sufficient to pay such expenses (Section 5.2)

Special assessments

Drainage and Street Assessment levied annually; amount not less than 1/20th of total projected replacement cost of Private Streets and drainage facilities ($313,000.00), equally allocated among lots (Section 5.2.5)

Collections & liens

Assessments secured by continuing lien on the Lot; may be enforced by judicial foreclosure; lien extinguished upon foreclosure of first lien Mortgage, with delinquent assessment paid from surplus proceeds (Section 5.5)

Reserves & fees

Private Street and Drainage Reserve Fund; minimum reserve fund amount $313,000.00; reviewed annually by CPA; maintained and accounted for separately (Section 5.2.5)

Pets

Yes (Section 2.12)

Leasing & rentals

Yes, for residential purposes for minimum term of six (6) months (Section 2.2(a))

Parking & vehicles

No busses, trucks (other than passenger vehicle trucks), boat trailers, graders, etc. parked or placed on any Lot; construction equipment may be left during construction (Section 2.11(a))

Fences

Chain link and other open mesh, wire type fences prohibited; wood fencing running parallel to street allowed only in back yard; no fences across front yard; fences on boundary lines between Lots must be wrought iron or steel and/or in combi (Section 2.13)

Architectural approval

Prior written approval of Architectural Committee required for construction, alteration, or removal of any Improvement, other than normal maintenance (Section 2.2(b); Section 3.4)

Solar & roof

Solar collectors included in definition of Improvement; subject to Architectural Committee approval (Section 1.13)

Home business

Owners may work from home provided no storage of inventory, no business conducted, and no client/visitor meetings incidental to business (Section 2.2(a))

Signs & flags

No signs displayed to public view except permitted by Architectural Committee (Section 2.6)

Setbacks / home size

Not less than 1,650 square feet of enclosed living space, excluding porches, patios, decks, and garages (Section 2.4(b))

Maintenance

Owner responsible for all Improvements and landscaping except Front Yard Lawn maintenance and water sprinkler/soaker system, which are Association responsibilities (Sections 2.9, 4.4(h), 4.4(l))

Insurance

Association to obtain and maintain insurance policies reasonably necessary or appropriate (Section 4.4(c))

Use restrictions

Property restricted to residential use; no Improvement may be used as rooming house, lodging house, or hotel; may be leased for residential purposes for minimum term of six (6) months (Section 2.2(a))

Voting & meetings

Owner (excluding Declarant) of each Lot has one (1) vote per Lot; Declarant has fifty (50) votes per Lot owned by Declarant (Section 4.3)

Amendments

Declarant may amend alone while holding at least one Lot; otherwise requires approval of Owners entitled to cast at least 60% of votes; amendments affecting Common Area facilities require written consent of Director of Development Services (Section 6.2)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.