Fairoaks (NC)
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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What Fairoaks (NC)'s governing documents say
This is a declaration of covenants, conditions, and restrictions for Fair Oaks, a single-family residential subdivision in Wake County, North Carolina, governed by a homeowners association (HOA). It applies to all lot owners in the community, establishing the HOA's authority, maintenance responsibilities, and use restrictions.
- HOA membership & voting: Each lot owner is a member of the Fair Oaks Property Owners Association with one vote per lot, except the developer (Declarant) who has three votes per lot until the Turnover Date. A quorum is 20% of total votes.
- Assessments & fees: All contributing lot owners must pay assessments for operating expenses, which are a lien on the property. Late payments incur interest, a $25 late fee, and possible acceleration of the annual assessment. Fines for violations range from $25 to $100 or more, depending on the offense.
- What you own & maintain: You own your lot and home; the association maintains common areas like open space, entryways, and storm water systems. Public roadways are maintained by the city, and you are responsible for maintenance on your lot, including drainage easements.
- Architectural review: Any exterior improvement (fences, patios, pools, etc.) requires approval from the Architectural Control Committee or Neighborhood Committee before construction.
- Use restrictions: The declaration includes general use restrictions (Article XI) that govern how lots and homes may be used, though the specific restrictions are not detailed in this excerpt.
- Developer rights: The developer (Declarant) retains significant control until the Turnover Date, including the right to add or withdraw property, amend covenants, and use common areas for sales and marketing.
- What this document doesn't cover: This excerpt does not include the full text of use restrictions, architectural guidelines, or specific rules about pets, rentals, or parking. Those may be in later articles or separate rules.
Key facts from Fairoaks (NC)'s documents
- Community type
- Covenant / Planned Community
- Legal name
- Fair Oaks Property Owners Association, Inc. (Article I, Section E)
- Developer / declarant
- Centex Homes, a Nevada general partnership (Preamble)
- Governing law
- North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Article I, Section FF)
- Assessments & dues
- Guaranteed Assessment Amount of $320.00 for any consecutive twelve-month period during the Guarantee Period. (Article V, Section F)
- Special assessments
- Special Assessments include assessments levied for capital improvements (constructing, acquiring, reconstructing or replacing improvements on Association Property). After Turnover Date, levying any Special Assessment requires affirmative as (Article V, Section C)
- Collections & liens
- All Assessments with Interest and costs of collection (including Legal Fees) are a charge and continuing lien upon each Contributing Lot. Lien effective only after recordation of a written, acknowledged statement by the Association. Lien ma (Article IV, Section B; Article IV, Secti)
- Reserves & fees
- $25.00 late charge (Article IV, Section C.5)
- Architectural approval
- Architectural Control Committee established and empowered as provided in Article X. (Article I, Section J)
- Maintenance
- Association responsible for maintaining Association Property; costs are Operating Expenses. Owners maintain grass and surface areas within private drainage easements on their Lots. Roadways dedicated to City; Association has no responsibili (Article II, Section D.1; Article II, Sec)
- Use restrictions
- Fair Oaks is a single-family residential community; Home means a residential dwelling unit intended as an abode for one family. (Article I, Section P; Article I, Section)
- Voting & meetings
- Two classes: Class A Members (all Members except Declarant) have one vote per Lot or Future Lot owned; Class B Members (Declarant) have three votes per Lot or Future Lot owned. Class B membership ceases and converts to Class A upon Turnover (Article III, Section A.2)
- Amendments
- Amendments shall be consecutively numbered, properly adopted pursuant to the terms of the Association Documents, and recorded in the Public Records. (Article I, Section B)
About this HOA
Fairoaks (NC) is a homeowners association in Apex, NC.
HOAproxy has 1 document on file for Fairoaks (NC): 1 recorded document. Last updated 2026-06-25.
Governing documents
- Fairoaks 0 (48 pages) — PDF
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