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| Your Toolkit to Prepare for Homeownership |
A primary purpose of most deed restrictions is preserving the residential character of a subdivision by keeping out commercial and industrial facilities. For people who prefer to live in a wholly residential environment, deed restrictions are desirable. Deed restrictions legally may prohibit a person from operating certain types of businesses from their home.
— HOMEOWNERS ASSOCIATIONS
When you buy a property in a deed-restricted community, you are automatically a member of the community or homeowners association. It is your responsibility to adhere to the standards and rules set by the association as well as pay an annual fee or assessment for the maintenance of the community’s common areas as well as parks, pools and recreational facilities.
— PROPERTY TAX CODE AND YOUR HOMESTEAD
The Texas Property Code allows homeowners to designate their homesteads to protect them from a forced sale to satisfy creditors. This law doesn’t protect homeowners from tax-foreclosure sales of their homes for delinquent taxes.
— COMMUNITY PROPERTY LAWS
Ownership in Texas falls under the law of community property for married people. This means that each spouse owns an undivided one-half interest of all property accumulated during the marriage except for separate property that was owned before the marriage or was received by gift or inheritance during the marriage.
— HOMEOWNERS ASSOCIATIONS
When you buy a property in a deed-restricted community, you are automatically a member of the community or homeowners association. It is your responsibility to adhere to the standards and rules set by the association as well as pay an annual fee or assessment for the maintenance of the community’s common areas as well as parks, pools and recreational facilities.
— PROPERTY TAX CODE AND YOUR HOMESTEAD
The Texas Property Code allows homeowners to designate their homesteads to protect them from a forced sale to satisfy creditors. This law doesn’t protect homeowners from tax-foreclosure sales of their homes for delinquent taxes.
— COMMUNITY PROPERTY LAWS
Ownership in Texas falls under the law of community property for married people. This means that each spouse owns an undivided one-half interest of all property accumulated during the marriage except for separate property that was owned before the marriage or was received by gift or inheritance during the marriage.
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