Frisco Preston Hills

Key facts from Frisco Preston Hills's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Title: Homeowner's Association, Inc.)

Legal name

Frisco Preston Hills Homeowner's Association, Inc. (Article I(b); Opening paragraph)

Developer / declarant

CTMGT Frisco 113, LLC, a Texas limited liability company (Opening paragraph)

Governing law

Texas Property Code, including Sections 209.005, 209.007, and 51.002 (Section 8.4 (209.005); Section 6.4(c) (2)

Assessments & dues

Maximum $650 per Lot for 2015 (Section 10.3.1)

Collections & liens

Assessments constitute a lien on each lot; subordinate to first mortgages; nonjudicial foreclosure permitted under Texas Property Code Section 51.002 (Section 10.10, 10.12)

Reserves & fees

$350 acquisition assessment per Lot upon transfer (except Declarant) (Section 10.4)

Pets

Dogs, cats, or other household pets for companionship; no livestock or commercial animals (Section 2.2(d))

Leasing & rentals

Yes, with written lease and tenant compliance with rules; no subleasing; tenant must carry renters insurance; owner responsible for tenant violations (Section 2.2 (a-f) (within Section 2.2 na)

Fences

Declarant/Association may install fences along perimeter and along thoroughfares; fences on corner lots must not obstruct sight lines between 3' and 6' above street; Owner fences subject to ACC approval (Section 2.2(i), Article IV)

Architectural approval

Yes, for all construction, exterior alterations, fences, landscaping, etc. (Article III generally)

Home business

Only small home office allowed; no other commercial use (Section 2.2(h))

Setbacks / home size

Maximum three stories (Section 2.1)

Voting & meetings

Two classes: Class A (non-Declarant owners) – one vote per Lot; Class B (Declarant) – twenty votes per Lot until 99% of lots conveyed to Class A, then one vote per Lot (Article VIII, Section 8.2)

Amendments

Declarant may amend unilaterally within 7 years of recording; thereafter, 67% membership vote required, plus Declarant consent if Declarant still owns a Lot; also, Declarant/Board may amend without vote to comply with law or correct errors, (Article VII, Section 7.1)

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