Depot 499 Owners Association Inc

What Depot 499 Owners Association Inc's governing documents say

This is a master declaration for Depot 499, a mixed-use development in Apex, NC, that includes a townhome site, a multi-family property, and a commercial property. It primarily creates easements and restrictions between the developers and property owners, not a full set of homeowner rules. If you're a resident or buyer, note that this document doesn't contain typical HOA rules like pet limits or architectural review—those are in separate declarations.

• What this document covers: It sets up construction, roadway, utility, and drainage easements across the three parcels, plus maintenance, insurance, and indemnity obligations among the property owners. It also lists prohibited uses for the commercial and multi-family properties.
• Prohibited uses on commercial/multi-family land: The document bans uses like gas stations (except with a grocery store), car washes (except tenant-only at the multi-family), nightclubs, gun ranges, marijuana dispensaries, and adult-oriented businesses. Some uses like bowling alleys and skating rinks are allowed if they're first-class operations.
• Drainage maintenance cost-sharing: The townhome association maintains the stormwater detention ponds, and the multi-family property owner pays 42% of the maintenance, repair, and replacement costs. Unpaid amounts can become a lien on the multi-family property.
• Term and amendment: The declaration lasts 30 years from recording (2023), and amendments require written consent from the relevant owners and, after development, the townhome association.
• What this document doesn't cover: It doesn't include typical HOA rules for townhome residents like pet limits, leasing restrictions, architectural review, or assessments. Those are in the separate Townhome Declaration (Book 19226, Page 2526) and other governing documents.

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.