 |
 |
Governing Documents
|
|
|
|
|
The Covenants and By-Laws define our homeowners association and provide guidance to homeowners and the HOA Board about property maintenance and other important topics. The Control Bulletins describe any changes that have been made to the original Covenants and By-Laws. For informational purposes we have included links to items related to Texas Law governing HOAs.
Covenants and By Laws
Policies adopted in compliance with laws enacted by the 2011 Texas Legislature
HOA related items in Texas Law - Residential Property Owners Protection Act
Resale Package Information
Since Preston Meadow is a mandatory HOA neighborhood, a Resale Certificate (RC) must be obtained from the HOA before a home can be sold to another party. To ensure the HOA is prepared to issue a RC, homeowners should notify the Treasurer or any other Board member that the property is for sale.
The RC provides a snapshot of the HOA's view of the property at the time of sale. It contains information such as the amount of the yearly assessment, what amounts (if any) are owned to the HOA, and whether or not any compliance violations are present. The RC goes stale after approximately 90 days, and is best requested by the Title Company once a sale is imminent and the closing has been scheduled.
To request the RC contact the Treasurer at treasurer@prestonmeadowhoa.com. Be sure to include the property address in the subject line of your email. The resale package fee is $175. Payment is due to Preston Meadow HOA and can be mailed to PO Box 260991, Plano, TX 75026-0991, or delivered directly to the treasurer by prior arrangement. Once payment is received the treasurer will email the Resale Certificate and all additional required documents to the requestor.
If you are refinancing your home, the Treasurer will provide an account status statement without charge. A minimum fee of $25.00 is assessed if your mortgage company requires additional information.
Approval for Home Changes
The Board strongly encourages the use of the Online Architectural Approval Form, but if desired residents can use the PDF version.
|
|
|
|