Central Park on Preston Crossing

What Central Park on Preston Crossing's governing documents say

Central Park on Preston Crossings is a standard single-family homeowners association (HOA) in Plano, TX. This document is a collection of policies (Covenant Enforcement, Collection, and Security Measures) that supplement the main Declaration of Covenants, Conditions & Restrictions. It details how the HOA enforces rules, collects assessments, and handles violations. It binds all homeowners.

• Violations & fines: Fines for curable violations start at $50 and can escalate up to $500 per occurrence, with daily fines possible until cured. Incurable violations (e.g., fireworks, health/safety threats) can result in immediate fines up to $500. Owners have a right to a hearing if requested within 30 days of the violation notice.
• Common violations (examples): Examples include improper storage of boats/RVs/trailers, vehicles without plates or inoperable, trash cans left out on non-pickup days, unapproved signs, unkempt lawns, and unapproved modifications. The list is not exhaustive.
• Assessment collection & late fees: Annual assessments are due January 1 and become delinquent January 31. Late charges of at least $25 per month and interest at 18% per annum apply. The HOA may suspend amenity privileges, file a lien, and foreclose after following a multi-step notice process (reminder, demand letters, attorney demand, lien filing).
• Payment plans & fee waivers: Homeowners may request a payment plan (minimum 3 months, maximum 18 months) if they have not defaulted on a prior plan within 2 years. Late fees may be suspended during the plan but accrue. Fee waivers for late fees may be granted once per 24 months, but only if the balance is paid within 5 business days of approval.
• Security measures (cameras/motion detectors): Homeowners may install security cameras and motion detectors on their lot to deter crime, subject to HOA approval. The HOA has sole discretion over whether a measure is reasonable. The document is truncated, so additional restrictions may apply.
• What this document doesn't cover: This is a set of policies, not the full Declaration or Bylaws. It does not include architectural guidelines (other than referencing ACC approval), pet limits, leasing rules, age restrictions, or details about common amenities beyond suspension of privileges. For the complete rules, refer to the full governing documents.

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.