Madison Homeowners Association Inc

What Madison Homeowners Association Inc's governing documents say

This is the declaration of covenants, conditions, and restrictions for Madison Subdivision, a single-family residential community in Apex, NC, governed by the Madison Homeowners Association Inc. It applies to all lot owners in the subdivision, outlining their rights, obligations, and the association's powers.

• What you own & maintain: You own your lot and the single-family home on it. You must maintain your property, including keeping grass under 8 inches, and the association maintains common areas like open space, entrance signage, and stormwater facilities.
• Assessments & fees: Annual assessments are set by the board, with a maximum of $1,000 per lot until the first lot is conveyed, then increases over 10% require a two-thirds vote. A working capital fee equal to two months' assessment is due at initial sale. Late payments incur a $25 late fee and 12% annual interest.
• Leasing & rentals: You may lease your entire home, but the lease must be in writing, for at least 365 days, and include a provision that it's subject to the declaration and bylaws. Transient or hotel rentals and leases to individuals with prior felony convictions are prohibited.
• Pets & animals: Only a reasonable number of domesticated household pets are allowed, and they must be restrained, not a nuisance, and not kept for breeding or commercial purposes. Animals with a bite history are prohibited, and the association can ban specific breeds.
• Architectural review: Exterior changes, including fences, outbuildings, lawn ornaments, and utility devices, require prior written approval from the Declarant, board, or architectural committee. Fences are limited to 6 feet in height and cannot be in front yards.
• Parking & vehicles: Boats, RVs, and trailers must be parked in your garage or designated areas, not on streets or common areas. Inoperative or abandoned vehicles are prohibited, and street parking is not allowed for owners or tenants.
• Use restrictions: Lots are for single-family residential use only. No temporary structures, manufactured homes, or businesses are allowed. Homes must be at least 2,000 square feet and no more than three stories. Setbacks follow Wake County zoning.
• What this document doesn't cover: This excerpt does not include the full bylaws, architectural guidelines, or any rules about amenities like pools or clubhouses. It also doesn't specify the exact annual assessment amount for current years.

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.