South Walk Homeowners Association Inc

What South Walk Homeowners Association Inc's governing documents say

South Walk is a planned community of attached single-family townhomes in Apex, NC, governed by a homeowners association (HOA). This declaration sets out the rules and obligations for all owners, including assessments, maintenance responsibilities, and use of common areas. It is the full rulebook for the community.

• What you own & maintain: You own your townhome lot and are responsible for maintaining the interior and any areas not specifically assigned to the association. The association maintains common areas, exterior surfaces (paint, siding, roof shingles, gutters), and yard improvements installed by the developer, but you are responsible for fences, windows, doors, and any damage caused by your negligence.
• Assessments & fees: All owners pay annual assessments set by the board, plus possible special assessments (approved by 2/3 of voting owners) and limited special assessments for your lot. At closing, you pay a working capital fee equal to one-fourth of the annual assessment. Unpaid assessments become a lien on your property and can be foreclosed.
• Leasing & rentals: You may lease your home, but tenants must use it as their principal residence. If you lease, your vote on association matters is capped at 49% weight. The declaration does not impose a minimum lease term.
• Common areas & amenities: The association maintains private streets, sidewalks, stormwater facilities, mail kiosks, and any recreational amenities built by the developer. Owners have a right to use common areas, but the association can charge fees and suspend use for unpaid assessments or rule violations.
• Architectural & property use rules: You need written association consent before removing trees or vegetation on common areas, erecting fences or structures, placing garbage receptacles, or altering common areas. The declaration does not detail an architectural review process for your own lot.
• Voting & governance: Each lot gets one vote, but the developer (Beazer Homes) has 9 votes per lot it owns and can appoint the board until December 31, 2039, or until all lots are sold, whichever comes first. Owners of vacant or leased homes have their vote weight limited to 49%.
• What this document doesn't cover: This excerpt does not include specific rules on pets, parking, noise, or rental terms beyond the principal-residence requirement. Those may be in the association's bylaws or rules and regulations.

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.