Crestmont Owners Association Inc

What Crestmont Owners Association Inc's governing documents say

Crestmont is a planned single-family residential community in Apex, NC, governed by a homeowners association (HOA). This declaration creates a planned community under the North Carolina Planned Community Act, binding all lot owners to its covenants, conditions, and restrictions. It establishes the HOA's authority to maintain common areas, levy assessments, and enforce rules.

• What you own & maintain: You own your lot and the home on it, and you're responsible for all maintenance and repairs on your lot, including sidewalks and landscaping. The association maintains the common areas, such as streets, open spaces, and amenities.
• Assessments & fees: The association levies annual assessments to cover common expenses, and can levy special assessments as needed. If you're more than 30 days delinquent, the association can suspend services and impose fines up to $100 per day for violations.
• Architectural review: An Architectural Control Committee (ACC) must approve new construction, modifications, and alterations to your property, so you'll need to get permission before making exterior changes.
• Leasing & rentals: The declaration doesn't specify lease terms, but tenants have the same rights to use common areas as owners, and owners remain responsible for assessments and rule compliance.
• Pets: The declaration doesn't mention pet restrictions, but the association can adopt rules and regulations governing pets and other conduct.
• Common area use: All owners have a non-exclusive right to use common areas, but the association can limit guests, charge fees for certain facilities, and suspend use rights for rule violations or unpaid assessments.
• Subdivision & time-sharing: You can't subdivide your lot or engage in time-sharing without association consent, so you can't split your property or sell fractional ownership interests.
• What this document doesn't cover: This excerpt doesn't include specific rules on parking, age restrictions, or rental minimums, and it doesn't list the actual assessment amounts or amenity details. Those may be in later sections or separate rules.

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.