Fairway Meadows Neighborhood

Key facts from Fairway Meadows Neighborhood's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Subdivision (Property named 'Fairway Meadows Addition)

Legal name

Fairway Meadows Addition

Governing law

Texas Property Code Sections 202.001(2) and Chapter 209 (Article I D references Section 202.001(2)

Assessments & dues

$2,100 per Lot per year ($175 per month) as of 2009 (Article V Section 3A: 'the amount of the)

Special assessments

For capital improvements: requires 2/3 vote of Memberships, max twice annual assessment per year; for budget deficit: max 15% of annual assessment (Article V Section 4A (2/3 vote, max twic)

Collections & liens

Assessment is a continuing lien inferior to first deed of trust; may be foreclosed judicially under Texas Property Code Chapter 209; includes costs and attorneys' fees (Article V Section 1A: 'shall be a contin)

Reserves & fees

Association shall establish and maintain an adequate reserve fund for replacement of improvements on Common Areas, funded from annual assessments (Article V Section 3E: 'The Association s)

Home business

Permitted if incidental, conforms to ordinances, no external evidence, no employee/public visits, no continuous traffic, does not interfere with neighboring Lots (Article VI Section 3 proviso: 'a Residen)

Signs & flags

One sign not exceeding 2 feet square for sale/rental; political signs permitted per law (Article VI Section 7: 'one sign, not to )

Voting & meetings

One vote per Lot; single membership per Lot regardless of number of owners (Article II: 'Each person who is the reco)

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