The language in this notice must be substantially similar to the language set out in Tex. Prop. Code § 5.012(a), and the second paragraph must be in bold print and underlined.
Notice of Membership in Property Owners’ Association
Concerning the Property at
[street address and name of residential community]
Property:
Property Owners’ Association:
As a purchaser of property in the residential community in which this Property is located, you are obligated to be a member of a Property Owners’ Association. Restrictive covenants governing the use and occupancy of the Property and all dedicatory instruments governing the establishment, maintenance, or operation of this residential community have been or will be recorded in the real property records of the county in which the Property is located. Copies of the restrictive covenants and dedicatory instruments may be obtained from the county clerk.
You are obligated to pay assessments to the Property Owners’ Association. The amount of the assessments is subject to change. Your failure to pay the assessments could result in a lien on and the foreclosure of your Property.
Section 207.003 of the Texas Property Code entitles an owner to receive copies of any document that governs the establishment, maintenance, or operation of a subdivision, including but not limited to restrictions, bylaws, rules and regulations, and a resale certificate from the Property Owners’ Association. A resale certificate contains information including but not limited to statements specifying the amount and frequency of regular assessments of the Property Owners’ Association and the style and cause number of lawsuits to which the Property Owners’ Association is a party, other than lawsuits relating to unpaid ad valorem taxes of an individual member of the Property Owners’ Association. These documents must be made available to you by the Property Owners’ Association or the Property Owners’ Association’s agent on your request.
Date: ___________________________________
[Name of purchaser]