Colvin Park Owners Association Inc

What Colvin Park Owners Association Inc's governing documents say

This is the declaration of covenants, conditions, and restrictions for Colvin Park, a planned residential community in Apex, NC, governed by the Colvin Park Owners Association, Inc. It applies to all lot owners in the community, establishing rules for property use, maintenance, assessments, and architectural control.

• What you own & maintain: You own your lot and dwelling and are responsible for their upkeep, including the strip of grass between the front property line and the curb. The association maintains common areas, and if you fail to maintain your property, the association can enter, fix it, and charge you the cost plus a 15% administrative surcharge.
• Assessments & fees: Annual assessments start at $750 per Class A lot until 2015, with possible increases up to 10% per year without a member vote. Special assessments require a two-thirds vote of Class A members, and individual special assessments can be levied by the board for expenses related to your lot. Unpaid assessments become a lien on your property.
• Leasing & rentals: If you lease your dwelling, your vote on association matters is limited to 49% weight. The declaration does not impose a minimum lease term or require board approval for rentals.
• Architectural review: Article IX requires architectural control, meaning you must get approval before making exterior changes to your lot or dwelling. Specific details are not in this excerpt.
• Use restrictions: The declaration includes restrictions on signs, parking, antennae, garbage, fences, flags, holiday decorations, air conditioning units, swimming pools, street lighting, mailboxes, play equipment, garages, and rentals. It also prohibits nuisances and regulates animals.
• Common area use: All owners have an easement to use and enjoy the common areas, subject to association rules. The association can suspend your use rights for unpaid assessments (30+ days) or rule infractions (up to 60 days).
• Voting & membership: Each lot owner is a member with one vote per lot. The declarant has 9 votes per lot during the control period, which ends by December 31, 2024, or earlier under certain conditions. The declarant can appoint directors until then.
• What this document doesn't cover: This excerpt does not include specific architectural guidelines, parking rules, or pet restrictions beyond general references. It also doesn't state the exact amount of current assessments or any age restrictions.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.