Lake Park

What Lake Park's governing documents say

Lake Park is a single-family home HOA in Southlake, TX. You own your lot and house; the Association maintains common areas and enforces rules. This document is the full set of Covenants, Conditions & Restrictions (CC&Rs) that bind all homeowners.

• Use restrictions & business activities: Lots are for single-family residential use only. Business activities are allowed inside the home only if not detectable from outside, conform to zoning, involve minimal client visits, and are ancillary to residential use (decided by the Board).
• Parking & vehicles: Parking visible from the street is limited to passenger automobiles, motorcycles, passenger vans, and pick-up trucks (less than 3 axles, in operating condition, in daily use). Garage parking is preferred, then driveway, then street if allowed by the City. No abandoned or inoperable vehicles; no vehicle dismantling visible from the street. Boats, campers, trailers, RVs, and commercial vehicles must be kept fully enclosed in a garage or screened from view, except for temporary loading/unloading or construction vehicles.
• Architectural review: Most exterior changes (buildings, fences, landscaping, pools, etc.) require prior written approval from the Architectural Control Authority (ACA). During development, the Declarant acts as ACA; after that, an Architectural Committee appointed by the Board. Plans must be submitted, and the ACA has 30 days to review. Decisions can be based purely on aesthetics. Variances may be granted in narrow circumstances.
• Assessments & fees: All owners must pay annual assessments (set at a uniform rate per lot; vacant lots pay 50% of the full rate), plus possible special assessments (requires 67% member vote) and specific assessments (for violations or fines). Annual assessments can increase up to 10% without a vote; larger increases can be disapproved by a 67% vote. A $500 Initial Contribution is due upon first transfer of a completed lot (adjustable up to 10%/year by Board). Delinquent assessments accrue interest and late fees, and the Association has a lien on the lot, enforceable by judicial or nonjudicial foreclosure.
• Enforcement & fines: The Association may impose fines, suspend Common Area use rights (except ingress/egress), enter the lot to abate violations, require removal of unauthorized structures, and sue for injunctions or damages. Written notice and a hearing opportunity are required before enforcement actions.
• Insurance & maintenance: The Association must carry property insurance on common areas and general liability insurance. Owners are responsible for maintaining their lots and dwellings. The Board may obtain additional insurance as needed.
• Membership & voting: Every lot owner is a member of the HOA. Each lot gets one vote (except during development, Declarant gets 10 votes per lot owned and 4 per acre of land). A 67% vote is required to sell, mortgage, or dissolve common areas, and for special assessments or large assessment increases.

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.