Preston Vlg III
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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What Preston Vlg III's governing documents say
Preston Village III is a condominium community in Plano, TX. These By-Laws govern the internal operations of the homeowners association (a non-profit corporation) and outline the rights and obligations of unit owners. The By-Laws are a partial document—the full rules are in the Condominium Declaration, which is not provided here.
- Assessment & fees: Assessments are levied pro rata based on each owner's share of common elements, due monthly in advance. Owners must be current to vote. The board may set amounts via the annual budget.
- Board of Directors & governance: The board has at least 3 directors, elected by owners. Directors serve staggered 3-year terms and can be removed with or without cause by a majority of owners. The board administers the condominium, enforces rules, and manages common elements.
- Meetings & voting: Annual meetings are held each July (first meeting after declarant control ends). Special meetings can be called by the president or two directors. Owners vote in person or by proxy; quorum requires a majority of owners. Voting is by unit, not split among co-owners.
- Owner obligations: Owners must comply with the Declaration, By-Laws, and association rules. They must also promote cooperative purposes and use common elements as intended. Failure to pay assessments results in loss of voting rights.
- Maintenance & insurance: The association maintains and insures common elements (liability $100k/person, $300k/property, $1M umbrella). Owners may need to execute a power of attorney for the association to handle their unit in case of destruction or condemnation.
- Management: The board may hire a management company to handle finances, maintenance, and administration. The management contract terms are established by the board.
- What this document doesn't cover: These By-Laws do not contain specific rules about pets, leasing, parking, age restrictions, or architectural changes. Those rules would be in the Condominium Declaration or separate association rules, which are not included here.
Key facts from Preston Vlg III's documents
- Community type
- Homeowners Association as of 2022 (Name of the Association: Preston Village)
- Legal name
- Preston Village III Homeowners Association, Inc. as of 2022 ("2. Name of the Association: Preston Vil)
- Developer / declarant
- SANFORD HOMES, INC., a Texas corporation as of 1984 (Article IV, Paragraph 4.1)
- Management
- Goodwin & Company as of 2022 ("Goodwin & Company")
- Governing law
- Texas Property Code Section 209.004 as of 2022 ("In compliance with the provisions of Se)
- Reserves & fees
- Board shall establish and maintain a reserve fund for capital expenditures on Common Elements, including a five-year sinking fund projection. (Article V, Paragraph 5.3(l) and Article )
- Voting & meetings
- Each Unit ownership entitles the Owner(s) to vote. Voting shall not be split among multiple owners. Votes may be cast in person or by proxy. Proxies must be in writing. (Article III, Paragraph 3.2 and 3.3)
- Amendments
- After Declarant control, amendments require approval of 66-2/3% of all Unit owners (common element shares). No amendment shall conflict with Declaration. Before Declarant control, Declarant may amend unilaterally to correct errors or meet F (Article X, Paragraph 10.1)
Community amenities
1 pool
Related associations
Overlaps: Marquis at Preston Tulane Condominium Association, Inc. · Hills of Prestonwood South Homeowners Association, Inc. · Preston Village II Association, Inc. · Prestonwood West Courtyard Homeowners Association, Inc. · Preston Village I Association, Inc. · Preston One Office Condominium, Inc. · Preston Green Homeowners' Association · Preston Hutson · Central Park on Preston Crossing · Preston Road North Estates · Prestonwood West Lake · Preston Vineyards 4 HOA Frisco
About this HOA
Preston Vlg III is a homeowners association in Plano, TX.
HOAproxy has 4 documents on file for Preston Vlg III: 4 recorded documents. Last updated 2026-08-07.
Governing documents
Nearby HOAs
- Marquis at Preston Tulane Condominium Association, Inc.
- Hills of Prestonwood South Homeowners Association, Inc.
- Preston Village II Association, Inc.
- Prestonwood West Courtyard Homeowners Association, Inc.
- Preston Village I Association, Inc.
- Preston One Office Condominium, Inc.
- Preston Green Homeowners' Association
- Preston Hutson