Preston Lakes

Key facts from Preston Lakes's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

The Community of Preston Lakes Owners Association, Inc. (Article 1 - Definitions)

Developer / declarant

Preston Parker, L.P., a Texas limited partnership (Recital A / signature page)

Assessments & dues

Each fiscal year, Board estimates expenses, including contingencies and reserves, less expected income/surplus; assessments levied equally and uniformly against each Lot; Board's level final and binding if made in good faith. (Section 6.03, PAGE 33)

Special assessments

Development Area Association may levy special assessments by vote of Members for defraying costs of reconstruction, repair, or replacement of improvements or for other purposes. (Section 6.04, PAGE 34)

Collections & liens

Development Area Assessments are lien on Lot; may be foreclosed non-judicially under Tex. Prop. Code § 51.002; Robert D. Burton designated as trustee; Owner grants power of sale; Association may bid at foreclosure; past-due assessments paid (Section 6.08, PAGE 35-36)

Reserves & fees

If assessment not paid before delinquent, Board may require late charge at rate designated; charge cannot exceed maximum permitted by law. (Section 6.06, PAGE 34-35)

Pets

Yes, household pets only; no wild animals, horses, cattle, sheep, goats, or other non-domestic pets. (Section 2.06, PAGE 10)

Leasing & rentals

Yes - rental of a Lot for residential purposes is permitted (Section 3.08)

Parking & vehicles

No on-street parking (implied by prohibition on parking on streets). (Section 2.14, PAGE 14)

Fences

No fence without prior written consent of Master Architectural Control Committee; height and location must be approved; Committee may require rear/side yard fencing; side/rear fences separating adjacent lots owned/maintained by owner on who (Section 3.05, PAGE 19)

Home business

Home business allowed within residence if: complies with all applicable laws, no employees, not apparent by sight/sound/smell, no sign, complies with zoning, no door-to-door solicitation, no excessive traffic/parking, consistent with reside (Section 3.03, PAGE 18-19)

Signs & flags

No sign displayed to public view without prior written approval of Master Architectural Control Committee, except: signs permitted by Design Guidelines/rules, Declarant's marketing/construction signs, permits required by law, and permits re (Section 2.11, PAGE 11-12)

Setbacks / home size

All Improvements must comply with minimum setbacks shown on Plat; eaves, steps, open porches not considered part of building; no portion of Improvement may encroach on another Lot. (Section 3.10, PAGE 20)

Maintenance

Owners of each Lot jointly responsible for keeping Lot and Improvements in good condition and repair, including prompt removal of debris, lawn mowing, tree/shrub pruning, watering, compliance with government requirements, painting, repair o (Section 2.08, PAGE 11)

Use restrictions

Lots shall be used for single-family residential purposes only; no trade, business, or commercial activity to which general public is invited, except home business conducted within residence meeting specific conditions (no employees, no sig (Section 3.03, PAGE 18-19)

Voting & meetings

Each Owner has one (1) vote per Lot; if Lot re-subdivided, each resulting Lot gets one vote; if Lots consolidated, voting determined by original number of Lots; voting rights may be suspended for past due assessments or violation of Associa (Section 4.04, PAGE 25)

Amendments

Declaration may be amended or terminated by recording instrument executed by Declarant and at least seventy percent (70%) of Owners (one vote per Lot); Declarant may unilaterally amend for certain purposes (e.g., compliance with lender/gove (Section 9.02, PAGE 39)

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