Lakeside at Viridian Collins East 1L

What Lakeside at Viridian Collins East 1L's governing documents say

This document is a Declaration of Covenants, Conditions and Restrictions that establishes a Public Improvement District (PID) assessment lien for the Collins East - North Phase of Lakeside at Viridian in White Settlement, TX. It primarily binds the developer and subsequent owners of assessed parcels to pay assessments for public improvements and supplemental services. It is not a complete set of homeowners' association rules covering daily living—it focuses on the financial obligation of the PID assessment.

• What this document covers: This declaration creates a special assessment district (PID No. 6) and imposes a lien on each assessed parcel to fund public improvements. The assessments are superior to most other liens except property tax liens, and they run with the land.
• Who is bound: The declaration binds the original landowner (Viridian Holdings LP) and all subsequent owners of assessed parcels. Each owner is personally liable for the assessments, and the lien attaches to the parcel regardless of ownership changes.
• Mandatory payment of assessments: Property owners must pay annual installments of the assessments as set in the Service and Assessment Plans. Delinquent payments accrue interest, penalties, and attorney’s fees, and may lead to judicial foreclosure of the parcel.
• Transfer obligations: Upon sale or transfer of an assessed parcel, the new owner assumes all obligations under this declaration. The transferring owner is not liable for obligations arising after the transfer.
• Homebuyer education requirement: Builders constructing homes on assessed parcels must attach the recorded notices and assessment roll to homebuyer contracts, and provide evidence of acknowledgment from the buyer. Builders must also include assessment information in sales brochures and cost estimates.
• Termination: This declaration terminates and becomes void when all assessments are paid in full.
• What this document does not cover: This document does not contain typical community rules such as pet restrictions, parking rules, architectural guidelines, or use restrictions. It is solely a declaration for PID assessments.

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.