Independence Estates Homeowners Association

Key facts from Independence Estates Homeowners Association's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Developer / declarant

First Texas Homes, Inc. (Introductory Provisions (Declarant))

Special assessments

Cost of maintenance work performed by Association or Declarant due to Owner's failure after 5-day notice is added to Owner's assessment account as an Individual Special Assessment and secured by the Assessment Lien provided in Article V. (Section 9.03, last sentence)

Collections & liens

Assessment Lien (Article V) secures special assessments for maintenance costs. (Section 9.03)

Reserves & fees

A portion of Annual Assessment used to establish and maintain a reserve fund based on a reserve study for maintaining and, if directed by the City, removing any portion of the Common Areas. (Section 5.02A)

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