This Sept 1, 2021 the Texas HOA (Homeowner Association) rules changed per the Texas Real Estate Commission (TREC). These are important changes that buyers and sellers in Texas should know! Here the changes:
* Fees are capped for subdivision information ($375), resale certificates ($75) and updated resale certificates ($75).
* Texas Real Estate Estate Commission (TREC) will create a publicly accessible central database of Texas HOAs by Dec 1, 2021.
* HOAs that have filed management certificates in county records before Dec. 1, 2021 are required file with TREC by June 1, 2022.
* HOAs are required to maintain websites with management certificates and meeting information and notifications.
* HOAs are required to file dedicatory instruments with the county and provide certain contact information on all dedicatory instruments and management certificates.
* Property owners have new protections from negative credit reporting when a fine or fee is in dispute, and HOAs are required to give a detailed report of charges and offer a payment plan before reporting delinquencies.
* HOAs are barred from requiring access to lease agreements and are only allowed to request tenant’s contact info and lease beginning and end dates.
* HOAs are required to solicit bids for any contract for services over $50,000.
* HOAs are barred from prohibiting certain pool safety enclosures, the installation of certain security measures on an owner’s private property or certain religious displays.
* HOA boards are required to provide members with timely notice about meetings.
These are important because the new changes prevent some conflicts of interest within HOA architectural review boards as well as improve due process in dispute resolution and provide additional legal avenues when seeking resolution from a dispute with an HOA.
If you have any questions regarding the new changes to The Texas HOA Rules, please call me at (817) 952-9000 and I will point you in the right direction for answers.
* Fees are capped for subdivision information ($375), resale certificates ($75) and updated resale certificates ($75).
* Texas Real Estate Estate Commission (TREC) will create a publicly accessible central database of Texas HOAs by Dec 1, 2021.
* HOAs that have filed management certificates in county records before Dec. 1, 2021 are required file with TREC by June 1, 2022.
* HOAs are required to maintain websites with management certificates and meeting information and notifications.
* HOAs are required to file dedicatory instruments with the county and provide certain contact information on all dedicatory instruments and management certificates.
* Property owners have new protections from negative credit reporting when a fine or fee is in dispute, and HOAs are required to give a detailed report of charges and offer a payment plan before reporting delinquencies.
* HOAs are barred from requiring access to lease agreements and are only allowed to request tenant’s contact info and lease beginning and end dates.
* HOAs are required to solicit bids for any contract for services over $50,000.
* HOAs are barred from prohibiting certain pool safety enclosures, the installation of certain security measures on an owner’s private property or certain religious displays.
* HOA boards are required to provide members with timely notice about meetings.
These are important because the new changes prevent some conflicts of interest within HOA architectural review boards as well as improve due process in dispute resolution and provide additional legal avenues when seeking resolution from a dispute with an HOA.
If you have any questions regarding the new changes to The Texas HOA Rules, please call me at (817) 952-9000 and I will point you in the right direction for answers.
