The Marilyn Estates Association (MEA) is known as a Property Owners’ Association (POA), which is governed by various statutory requirements from the State of Texas.
The POA is required to provide specific information after receiving a written request from an owner, the owner’s agent or the title company – generally when there is a pending sale of a property. This two-page “Resale Certificate for Property” includes:
- Current assessment (dues)
- Special assessment (if any)
- Total amounts payable to POA
- Capital expenditures approved by POA for current year (from budget)
- Amount of reserves for capital expenditures (from budget)
- Unsatisfied judgments, etc.
- Current copy of the subdivision’s restrictions (Deed Restrictions) is attached
- Current copy of the bylaws and rules of the POA (By-Laws) is attached
The POA may charge a reasonable fee to assemble, copy and deliver the information, and to prepare and deliver an update. MEA charges a $75 fee, and the information is compiled and delivered by the Treasurer in a timely fashion.
Fees for other requests
Upon a homeowner’s decision to refinance or sell the property, the title company will send a request to determine if the homeowner’s dues are current and if there are other amounts owed to MEA. In addition, a Sixty Day Maintenance Letter may be requested in addition to the Resale Certificate for Property. MEA charges the following fees for these services:
- Transfer of title (sale) fee - $100
- Refinance fee - $50
- Sixty Day Maintenance Letter fee - $75
For a PDF of the current MEA budget, click here.