Parker Southridge Homeowners Association, Inc

Key facts from Parker Southridge Homeowners Association, Inc's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Articles of Incorporation referenced but)

Units / lots

39 (Lots 1-13 Block G, Lots 1-18 Block H, Lots 1-8 Block J) (Exhibit A)

Governing law

Texas Residential Property Owners Protection Act (Texas Property Code Section 209.001 et seq.) (Section 5.07(b) and Section 6.01(p))

Assessments & dues

Board determines budget and levies annual assessment; Owners may vote on budget if required by Texas Property Code (Article V, Sections 5.02 and 5.04)

Special assessments

Special assessments (capital improvements) require approval of two-thirds of votes present at a meeting; Special Member Assessments for directly related expenses require approval of a majority of all Members (Article V, Section 5.04)

Collections & liens

Continuing contractual Assessment Lien; subordinate only to first mortgage; enforceable by nonjudicial foreclosure under Texas Property Code (Section 5.07(b) and (c))

Reserves & fees

Capital reserve/improvement fund established; Board may create reserve funds for maintenance, repair, replacement (Sections 5.07(i) and 6.04)

Pets

Dogs, cats, or other household pets allowed (not to exceed 3 adult animals); no livestock, poultry, or commercial pet breeding (Section 9.25)

Leasing & rentals

Not explicitly addressed in the document (No provision found)

Parking & vehicles

Not explicitly prohibited but vehicles not utilized daily not permitted (Section 9.20)

Fences

Fencing allowed: without prior approval, five foot tall wrought iron painted black; other fences require ACC approval; no chain link; no front street frontage without city and ACC approval (Section 9.15)

Architectural approval

Yes, prior written approval required for any building, structure, fence, wall, improvement, landscaping plan (Article X, Sections 10.01, 10.02)

Home business

Limited business purposes consistent with rules are allowed (Section 9.02)

Signs & flags

Only Declarant and home builders may have customary signs (2’x3’ for sale); no other signs without prior written approval; $200 fine for violation (Section 9.23)

Setbacks / home size

Front building lines: alternating 50’ and 55’ as shown on Plat; side and rear setbacks per City of Parker and Plat (Section 9.06)

Maintenance

Not explicitly; Owner responsibility for exterior damages (9.27(a)(x)) (Section 9.27(a)(x))

Insurance

Association shall purchase insurance covering Common Properties, liability, officers/directors liability; includes property and liability (Article VII, Section 7.01)

Use restrictions

Yes, each Lot shall be used for single family residential purposes only (Section 9.02)

Voting & meetings

Class A: one vote per Lot; Class B: Declarant gets six votes per Lot until conversion; non-voting after Declarant control ends (Article III, Section 3.02)

Amendments

Declaration may be amended by 2/3 of total Class A member votes; Declarant may unilaterally amend to comply with laws, enable title insurance, meet lender requirements, or correct errors; provided no adverse affect on lots (Sections 12.02, 13.6)

Amenities

Common Properties may include irrigation, landscaping, drainageways, lighting, fencing, drives, screening walls; no specific recreational amenities mentioned (WHEREAS clause and Article I(h))

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