Preserve at Southlake

Key facts from Preserve at Southlake's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential Subdivision (Single Family Detached) (Article 1.01: each lot for single family)

Legal name

The Preserve at South Lake

Units / lots

138 maximum dwelling units (Plat restriction (3) The number of dwell)

Assessments & dues

Up to $400 per year per lot, plus trash pickup cost if applicable, adjustable by CPI (Article 3.05)

Special assessments

May be levied with assent of two-thirds of members voting at a duly constituted meeting (Article 3.06)

Collections & liens

After 60 days delinquency, Master Association may file Notice of Lien; lien valid for 5 years; subordinate to prior recorded mortgages; mortgagee taking title free of prior unpaid assessments (Article 3.08)

Reserves & fees

Working capital fund for early period; Common Expenses include reserves for replacement of improvements (Article 3.02(b)(i), 3.05)

Pets

Yes, limited to dogs, cats or other usual household pets, not for commercial purposes; no animals running loose (Article 1.18)

Parking & vehicles

Must be stored within a garage building; stored if inoperable, on blocks or covered for 7 consecutive days (Article 1.13)

Architectural approval

Yes, for any structure or improvement, including residence, shed, fence, flagpole, mailbox, etc. (Article 1.02)

Home business

Prohibited except home occupations permitted by Greenwood Zoning Ordinance (Plat) and with Master Association approval (1.11) (Plat Residential Uses; Article 1.11)

Signs & flags

Only one sign of max 5 sq ft advertising sale; Developer signs; signs approved by ACC (Article 1.19)

Setbacks / home size

Minimum building setback lines as shown on recorded plat (Article 1.09; Plat: no building nearer t)

Maintenance

Owner maintains lot and exterior of structures; Master Association maintains Common Areas and may perform maintenance on lots if owner fails (cost becomes special assessment) (Article 7.01, 3.04)

Use restrictions

Yes (Article 1.01; Plat: All lots in this sub)

Voting & meetings

Majority vote of owners for amendments after turnover (5.06); two-thirds vote for special assessments (3.06); proxies allowed (3.06) (Article 3.06, 5.06)

Amendments

During Developer control, Developer may amend unilaterally for certain reasons (governmental, typo, easement, etc.) without owner consent; after turnover, majority vote of owners; any amendment affecting easement requires consent of easemen (Article 5.05, 5.06; Preamble before Arti)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.