Russwood Acres 8

What Russwood Acres 8's governing documents say

Russwood Acres is a single-family residential subdivision in Plano, Texas, governed by a set of restrictive covenants that run with the land. Each lot owner is automatically a member of the Russwood Property Owners Association, which maintains the front entrance, public roads, and access easements. Annual assessments fund these common expenses.

• Association & membership: Every lot owner is a member of the Russwood Property Owners Association. Membership automatically transfers with the property. Owners have voting rights as specified (one vote per lot, with joint owners deciding among themselves).
• Annual assessments: The default annual assessment is $125 per lot, due March 1. If a budget is approved by a 2/3 vote of owners, the assessment may be adjusted to cover actual common expenses. Failure to pay results in a lien on the property and loss of voting rights.
• Common areas maintained: The association is responsible for maintaining the front entrance from F.M. 3478, the public roadways, and the public access easements within Russwood Acres.
• Management committee: A three-member Management Committee (natural persons) oversees the association. Members are elected by lot owners for three-year terms at an annual meeting held on the third Tuesday in January.
• Amendment & duration: The covenants run until December 31, 2025, and may be extended for additional periods by a majority vote. Amendments require a 70% vote of the owners, and the document may be amended with proper notice and recordation.
• Enforcement & liens: Unpaid assessments are secured by a lien on the property, enforceable through judicial proceedings. The association may also collect via money judgment. The lien is subordinate to first mortgages.

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.