Hazelwood

What Hazelwood's governing documents say

Hazelwood is a single-family-home subdivision in Princeton, TX (Collin County) governed by a standard homeowners' association (HOA). Every owner is automatically a member of the Hazelwood Villas HOA Princeton, Inc. and must pay assessments that are secured by a lien on the property—even if it’s a homestead. The developer retains strong control during a 'Development Period,' including the ability to set assessment rates, annex new land, and appoint the entire board of directors.

• Association membership & voting: You automatically become a member when you buy a lot. During the Development Period, the developer (Declarant) holds nearly all voting power (10 votes per lot it owns, plus weighted votes). Homeowners outside the developer have no voting rights until 75% of lots owned by Declarant are sold to others, at which point one-third of the board must be elected by homeowners. After the Development Period, each lot gets one vote.
• Assessments & fees: The annual assessment for 2024 is set by Declarant before the first lot sale. The board can require payment semi-annually, quarterly, or monthly. Special assessments up to 50% of the regular annual assessment per lot can be imposed without a vote; larger special assessments require majority approval. A working-capital contribution of $500 is due from any buyer who purchases from a previous owner (not from Declarant). Late charges ($25/month) and 18% annual interest (compounded monthly) apply to delinquent assessments.
• Lien & foreclosure risk: All assessments are secured by a continuing lien on each lot that is superior to most other liens except property-tax liens, first mortgages, and home-equity loans. The HOA can foreclose that lien judicially or non-judicially (through a power of sale) if assessments go unpaid. Foreclosure can strip subordinate liens, and the former owner must immediately surrender possession.
• Architectural review: Any new construction, exterior modification, or change (i.e., a 'Regulated Modification') needs prior written approval from the Architectural Control Committee (ACC). During the Development Period, Declarant acts as the ACC; afterward, the board takes over. The ACC can grant variances. Exterior paint color, fence stain, roof materials, and other aesthetic choices are subject to review and must maintain 'Prevailing Community Standards.'
• Maintenance responsibilities: The HOA maintains all common areas (landscaping, amenities, detention ponds, subdivision facilities). Each homeowner must maintain their own lot and all improvements on it—including paint, windows, roof, gutters, driveways, fences, and recreational equipment—in compliance with community standards. Maintenance affecting exterior appearance needs ACC approval.
• Leasing & rentals: The document excerpt provided does not specify a minimum lease term, pet limits, or other rental rules. The full declaration likely contains those, but this partial text does not state them.
• What this document doesn't cover: This is a partial OCR'd excerpt (the first ~25 pages of a 79-page declaration) and does not include many key rules such as age restrictions, pet limits, leasing minimums, parking, or specific architectural guidelines. Those are likely in later articles, the bylaws, or separate rules. Prospective buyers should obtain the complete declaration and all governing documents.

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.