Property Ownership
Under Texas Property Code Chapter 209, homeowners associations (HOAs) governing single-family homes are required to:
AAllow only residents to vote at meetings
BProvide financial transparency including annual budget summaries to members✓ Correct
CHave all rules approved by TREC
DLimit assessments to $100 per month
Explanation
Texas Property Code Chapter 209 governs residential subdivision HOAs and requires transparency including providing members with annual budget information, financial reports, and meeting notices.
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