Newton Ranch Homeowners Association, Inc.

What Newton Ranch Homeowners Association, Inc.'s governing documents say

Newton Ranch is a single-family home subdivision in Keller, TX, governed by a Homeowners Association. The documents provided include a private transfer fee covenant (a 'Declaration of Covenant') recorded against the property, which is not a complete set of HOA rules. This covenant requires a 1% fee on most resales, payable to the trustee, and runs until December 31, 2110. Separate documents annex additional phases (IIA, IIB, IIC) to the community and include an unrelated medical center declaration.

• Transfer fee on resale: Upon any sale or transfer of the property, the seller must pay a 'Reconveyance Fee' equal to 1% of the gross sales price or consideration, to the trustee. This applies to most conveyances, including sales, long-term leases (over 49 years with capital improvements), and certain transfers of controlling interest in an entity that owns the property.
• Exemptions from transfer fee: No fee is due for transfers by the Declarant, conveyances to secure a loan (mortgage/deed of trust), transfers due to death or disability, transfers to a lender via foreclosure or deed in lieu, transfers between affiliates (where one entity controls the other), court-ordered transfers (bankruptcy, divorce—except specific performance), or conveyances occurring before January 1, 2012.
• Trustee & enforcement: A Trustee (initially Freehold Capital Partners) collects the fee and may file a lien on the property if unpaid. The lien is subordinate to first mortgages. The Trustee can foreclose non-judicially, and the fee runs with the land until 2110. Unpaid fees bear interest at up to 10% per year.
• Community expansions (annexations): The Declarant (Newton Ranch, Ltd.) has amended the original Declaration to annex additional phases—Phases IIA, IIB, and IIC—into the community. These amendments add house lots and common areas to the property subject to the governing documents.
• What this document doesn't cover: These documents are incomplete: they do not contain the full HOA bylaws, architectural restrictions, pet rules, parking rules, or other typical homeowner regulations. The included transfer fee covenant is a separate ancillary document. Homeowners should consult the full Declaration of Covenants, Conditions and Restrictions (CC&Rs) for complete community rules.

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.