Castlewood Homeowners' Association, Inc.

Key facts from Castlewood Homeowners' Association, Inc.'s documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision (HOA) (Declaration Art. I, Section 1.25: 'Unit')

Legal name

Castlewood Homeowners' Association, Inc. (Throughout; e.g., Eighth Supplemental Ce)

Governing law

Texas Property Code, specifically Section 202.006 (Eighth Supplemental Certificate: 'comply)

Assessments & dues

Board prepares budget at least 60 days before fiscal year; Base Assessment set to cover budgeted Common Expenses; assessment becomes effective unless disapproved by more than 50% of total Class A votes and more than 50% of total Members, pl (Declaration Sections 10.3(a), (d))

Special assessments

May be levied by Board without membership vote if insurance proceeds insufficient to cover repair/reconstruction (Section 6.2(f)). Also, general Special Assessments allowed under Section 10.6 but text not fully provided; they require member (Declaration Section 6.2(f) and Section 1)

Collections & liens

All assessments, interest, late charges, costs, and attorney's fees are a continuing lien upon each Unit until paid; may be enforced by foreclosure. First mortgagee acquiring title by foreclosure is not liable for pre-acquisition unpaid ass (Declaration Sections 10.1(b), 10.8 (refe)

Reserves & fees

Board shall prepare a budget that includes a capital contribution to establish a reserve fund. (Declaration Section 10.3(a): 'including )

Use restrictions

Implied: Unit defined as 'residence for a single family' (Section 1.25). No explicit restriction on other uses in excerpt, but standard HOA covenants imply residential use. (Declaration Section 1.25)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – one vote per Unit; Class B (Declarant) – can appoint majority of board during Class B Control Period; after that period, Class B may disapprove certain actions. No vote for property exemp (Declaration Art. III, Section 3.3)

Amendments

Not fully provided; Article IX (annexation) and Article XVIII (amendment) referenced. Article IX states amendment of that article requires Declarant's written consent as long as it owns property on Exhibits A or B. (Declaration Section 9.5)

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