Lakewood HOA, Inc.
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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What Lakewood HOA, Inc.'s governing documents say
Lakewood is a master-planned community of single-family detached homes in Collin County, TX. This Master Covenant is the top-level governing document for the Lakewood HOA, which operates under the broader Brookhollow Declaration. It establishes the association structure, assessments, and architectural review – but specific use restrictions (such as pets or leasing) are likely addressed in separate Development Area Declarations and Rules
- Association membership & voting: Every lot owner automatically becomes a member of the Lakewood HOA and gets one vote per residential lot. The Declarant controls the board for at least 10 years or until 75% of lots are sold to non-Declarant owners, after which owners elect directors.
- Assessments: The association can levy regular assessments, special assessments, and service area assessments for certain lots. Specific amounts are not listed in this Master Covenant; they are set by the board and may vary.
- Architectural review: All improvements require prior written approval from the Architectural Reviewer Panel (initially Declarant-appointed). Design Guidelines may be adopted and must be followed.
- Common area & easements: Owners have an easement to use common areas, which the association maintains. Use can be suspended for unpaid assessments or rule violations. The Declarant retains rights to develop common areas during the Development Period.
- Dispute resolution: The Master Covenant encourages resolving disputes without litigation and outlines procedural steps before suing the association.
- What this document doesn't cover: This Master Covenant is a framework document. Specific rules about pets, leasing, parking, or age restrictions are not included here – they would be in the applicable Development Area Declaration, Design Guidelines, or Rules.
Key facts from Lakewood HOA, Inc.'s documents
- Community type
- HOA (Lakewood HOA, Inc.) (Section 1 Definitions – Association; Sec)
- Developer / declarant
- Prosper 236, LLC, a Texas limited liability company (First page: Declarant; Recitals)
- Governing law
- Texas Property Code, Texas Business Organizations Code, and other applicable Texas law (Section 3.3(a)(i) references Texas Prope)
- Assessments & dues
- Board determines total amount of assessments necessary for budget; allocated per Assessment Unit as defined in Section 5.9 (Section 5.1(a); Section 5.9 Amount of As)
- Special assessments
- Allowed (Section 5.6 Special Assessments) (Section 5.6)
- Collections & liens
- Assessment is a lien on the Lot; Association has power to foreclose (Section 5.13) (Section 5.1(b); Section 5.13)
- Reserves & fees
- Reasonable reserve for capital repairs and replacements may be included in expenses (see Service Area Expenses, Special Common Area Expenses) (Section 5.5 Service Area Expenses; Secti)
- Leasing & rentals
- Not explicitly; permissively implied by ownership rights (No restriction in this Master Covenant)
- Fences
- Not detailed; subject to Architectural Approval (Section 6.5) and Design Guidelines (No specific fence provision)
- Architectural approval
- Yes, prior approval required for construction, alteration, or improvement (Section 6.4); also for Regulatory Submission Items (Section 2.1(c)) (Section 2.1(c); Section 6.4)
- Maintenance
- Owner (since part of Lot improvement) (Section 4.1; Section 4.2)
- Insurance
- Association may obtain liability and property damage insurance on Common Area, but not on individual Lots (Section 4.1)
- Use restrictions
- Lots are designated as Residential Lots for single-family residential use (Definitions – Residential Lot; also Sect)
- Voting & meetings
- Each Residential Lot: one vote. Co-owners: majority agreement controls. Declarant: 4 additional votes per each other vote outstanding until Development Period ends. (Section 3.4 Vote Allocation)
- Amendments
- Referenced in Section 11.3 but not fully stated; likely requires vote of Owners and Declarant consent during Development Period (Section 11.3)
Community amenities
1 playground · 1 clubhouse · ≈ 657 homes
Related associations
Nearby (within 500 m): Lakes of La Cima Homeowners Association, Inc. · Wcd-Whitley Place Homeowners’ Association, Inc. · Brookhollow Owners' Association, Inc. · Dominion at Brookhollow Community Association, Inc.
About this HOA
Lakewood HOA, Inc. is a homeowners association in Prosper, TX.
HOAproxy has 10 documents on file for Lakewood HOA, Inc.: 10 uncategorized documents. Last updated 2026-04-02.
Governing documents
- 1. Lakewood Master Declaration 7 20 2017 (63 pages) — PDF
- 10. Lakewood Development Area Declaration Phase 2 11 01 2018 (32 pages) — PDF
- 11. Lakewood Notice Of Applicability Of Master Covenant Phase 1 (4 pages) — PDF
- 12. Lakewood Notice Of Applicability Of Master Covenant Phase 2 (9 pages) — PDF
- 13. Lakewood Notice Of Applicability Of Master Covenant Brookhollow West (8 pages) — PDF
- 2. Lakewood Master Declaration First Amendment 9 28 2020 (10 pages) — PDF
- 3. Brookhollow Master Declaration 1 30 2015 (40 pages) — PDF
- 4. Brookhollow Master Declaration First Amendment 8 7 2017 (3 pages) — PDF
- 5. Brookhollow Master Declaration Second Amendment 5 30 2018 (5 pages) — PDF
- 6. Brookhollow Master Declaration Third Amendment 10 18 2018 (8 pages) — PDF