Village at Prosper Trail Homeowners

What Village at Prosper Trail Homeowners's governing documents say

The Village at Prosper Trail is a standard single-family homeowners' association (HOA) in Prosper, TX. The documents provided are recorded policies focused on assessment collection and covenant enforcement. They bind all homeowners (owners) and are ancillary to the full Declaration and Bylaws, which are not included here.

• Assessment collection & late fees: Annual assessments are billed semi-annually and due on a date set by the Board. Late charge is $25.00 per month, plus 18% annual interest on unpaid amounts. The Association may suspend use of common amenities (pool, clubhouse, etc.) for delinquent owners.
• Payment plans: Owners may request a payment plan of 3 to 6 months. Eligibility requires no prior default on a plan within the last 2 years. During the plan, late charges accrue but are suspended; if the owner defaults, all suspended fees are reinstated and the balance becomes immediately due.
• Enforcement & fines: Violations of governing documents are handled through a process: Courtesy Notice (10 days to cure), Notice of Violation (30 days to request hearing), and then fines. Fines escalate: for curable maintenance violations, $100 (first), $200 (second), $300 (third+); for architectural/other violations, $200 (first), $350 (second), $500 (third+). Incurable or health/safety violations may incur a single fine up to $500. Repeat violations within six months allow doubled fines.
• Hearing procedures: Owners may request a hearing before the Board within 30 days of a Notice of Violation. The hearing must be held within 30 days of the request, with at least 10 days' notice. The Association must provide an evidence packet 10 days before. One postponement of up to 10 days is allowed.
• Transfer & resale fees: From the Management Certificate: Premier Resale Disclosure Bundle (TREC form, statement of account, association documents) costs $450. Other fees: Resale Disclosure Update $150, Transfer Fee $150, 5-Day Rush Fee $50, 3-Day Rush Fee $100, 4-Day Expedited Rush Fee $75, Custom Questionnaires $75, Association Questionnaires $50, HOA Transfer Fee $150.
• What this document doesn't cover: These excerpts are only collection and enforcement policies plus a management certificate. They do not contain the full Declaration, Bylaws, or other rules about architectural approvals, leasing restrictions, pet limits, parking, or amenity usage beyond suspension. For complete rules, refer to the full governing documents available on the association website.

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.