Cambridge Place

Key facts from Cambridge Place's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Cambridge at Watters Crossing

Developer / declarant

CAMBRIDGE PLACE AT PRESTON TRAIL HOMEOWNERS ASSOCIATION (for DOC 40644); WHITE RIVER ESTATES, LTD. (for DOC 40475) (DOC 40644 Preamble; DOC 40475 Preamble)

Assessments & dues

Board sets Maintenance Assessment at Annual Meeting; maximum increase 10% above prior year unless approved by Absolute Majority Vote (DOC 40644 Section 7.3(a))

Special assessments

Capital Assessments (for capital improvements) require 15% max increase without member vote; Special Assessments (individual for violations, maintenance costs) can be levied by Board (DOC 40644 Section 7.4)

Collections & liens

Assessment constitutes a continuing lien on the Lot; Association may foreclose non-judicially under Texas Property Code Section 51.002; also personal obligation of Owner (DOC 40644 Sections 7.1, 7.7)

Reserves & fees

Board may establish reserve funds from Assessments; Reserve and Replacement Fund Operating Policy attached as Exhibit C-1; minimum amount based on Replacement Fund Study (DOC 40644 Section 6.4 and Section 7.4(a))

Use restrictions

Each Lot shall be used and occupied for single family residential purposes only (DOC 40644 Section 3.1)

Voting & meetings

One vote per Lot; if multiple owners, they determine how vote is cast; if disagree, Association may disallow vote (DOC 40644 Section 6.2)

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