Preserve
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What Preserve's governing documents say
This is a master-planned community covenant that establishes the Fields Joint Committee, a master homeowners' association for the Fields community in Frisco, TX. It governs common areas, assessments, and overall community standards, and applies to all property owners in the community.
- What this document establishes: Creates a master association (Fields Joint Committee) that oversees shared property and infrastructure for the entire master-planned community, with jurisdiction over all property subject to the covenant.
- Assessments: Annual assessments are allocated per unit (or per acre for sub-associations), with provisions for special and benefited assessments. Delinquent assessments accrue interest at up to 18% per annum and can become liens on property.
- Common areas & maintenance: The joint committee maintains designated common areas such as entry features, signage, trails, lakes, and screening walls, according to a community-wide standard that may evolve over time.
- Rules & enforcement: The joint committee can adopt and enforce rules for common areas, but does not govern the interiors of individual units or the internal operations of sub-associations, which have their own governing documents.
- What this document doesn't cover: This is a master covenant only; it does not include typical homeowner rules like pet limits, lease restrictions, age restrictions, or architectural guidelines—those are addressed in separate sub-association documents.
Key facts from Preserve's documents
- Community type
- Master Planned Community (Background Statement: "Fields is a maste)
- Governing law
- Texas law (Section 7.8: "This Covenant shall be gov)
- Assessments & dues
- Determined annually by budget; Maximum Annual Assessment is initial amount increased by CPI (Section 5.1(c): "Maximum Annual Assessme)
- Special assessments
- May be levied with affirmative vote or written consent of Owners representing at least 50% of total Equivalent Units (Section 5.3)
- Collections & liens
- Joint Committee has a lien against each Unit for delinquent assessments, enforceable by suit and nonjudicial foreclosure (power of sale under Texas Property Code Sec. 51.002) (Section 5.7)
- Reserves & fees
- Joint Committee may budget for reserves for capital and operating replacements; no duty to fund reserves while Founder is funding shortfalls (Section 5.2)
- Maintenance
- Joint Committee maintains Area of Joint Committee Responsibility which includes main entry features, monuments, median landscaping, sidewalks, thoroughfares, environmental stormwater areas, lakes, streams, etc. (Section 3.1)
- Use restrictions
- Not restricted to residential; Residential and Non-Residential Units both defined (Section 1.1 definitions of "Residential )
- Voting & meetings
- Based on Equivalent Units assigned to Associations and Units (Section 5.1(b): allocation of Annual Ass)
- Amendments
- Founder may unilaterally amend for compliance, title insurance, lender requirements, or government requirements; otherwise amendment by Owners as provided in Section 7.1(b) (Section 7.1)
- Amenities
- Hike and bike trails, Regional Veloweb, open spaces, community parks, stormwater detention facilities, lakes, streams, water wells, pump stations, irrigation lines (Sections 3.1, 3.8, 3.10)
About this HOA
Preserve is a homeowners association in Sherwood Shores, TX.
HOAproxy has 3 documents on file for Preserve: 3 CC&Rs. Last updated 2026-06-20.