Madero Residential Community, Inc.

What Madero Residential Community, Inc.'s governing documents say

Madero is a master-planned residential community in Denton and Wise Counties, Texas, governed by a master covenant and a development area declaration. These documents are amendments to the community's rules, not the full rulebook, and they bind all lot and unit owners. They cover specific fees and design standards for fences and storage buildings.

• Working capital assessment: A one-time $500 working capital assessment applies to all lots and condominium units subject to the master covenant, unless exempt. The amount can be changed by the declarant during the development period and by the board afterward.
• Community enhancement fee: On any transfer (sale) of a lot or unit, the new owner must pay a community enhancement fee equal to 0.25% of the transfer price. This fee is treated as an assessment under the master covenant.
• Fences: Fences must be at least 10 feet behind the front elevation of the house, unless approved by the Madero Reviewer. Chain-link, metal, cloth, and agricultural fences are generally prohibited. Wood fences facing a public street must be cedar or spruce, board-on-board or board-to-board, stained medium brown, and no more than 6 feet high. Lots backing to open space or greenbelts must use open iron or ornamental metal fencing. All fences must be maintained and repaired as needed.
• Outside storage buildings: One permanent storage building is allowed in a fenced rear yard with prior written approval, provided it is no more than 100 square feet, no more than 8 feet tall, matches the house's exterior materials and colors, and is not used for habitation.
• What this document doesn't cover: These are amendments to the community's master covenant and development area declaration, not the full set of rules. They do not cover general HOA operations, assessments (other than the specific fees noted), architectural review procedures, or other typical community 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.