Bellewood Manor Property Owners Association Inc

What Bellewood Manor Property Owners Association Inc's governing documents say

Bellewood Manor is a planned community in Cary, NC, governed by a homeowners association (HOA). This declaration of covenants and restrictions applies to all residential lots and units within the subdivision, and it binds all owners, tenants, and guests. It establishes the HOA's authority, property rights, and financial obligations for maintaining common areas and enforcing community standards.

• What you own & maintain: You own your residential lot and dwelling, and you share rights to use the common properties (e.g., roads, sidewalks, open space) that the association maintains. The association is responsible for upkeep of common areas, including landscaping, lighting, and stormwater facilities.
• HOA fees & assessments: Annual assessments start at $600 per unit and automatically increase 10% each year. Special assessments may be levied for capital improvements or emergencies, but require a 75% member vote. A one-time $300 working capital fund payment is due at the first closing of each home.
• Leasing & rentals: The declaration does not restrict leasing or rentals, but tenants must comply with all rules and are subject to the association's enforcement. Owners remain responsible for assessments and violations by their tenants.
• Architectural review: The association may operate an architectural review board to approve exterior changes and ensure compliance with community standards. Specific guidelines are not detailed in this document.
• Use of common properties: All members, guests, and tenants have an easement to use common properties, but the association can adopt rules and fees. The association may suspend use rights for delinquent assessments or rule infractions (up to 60 days).
• Voting & governance: Each owner gets one vote per residential unit, while the developer holds 74 votes per unit until control transfers (no later than 15 years after the first lot sale). The board has three directors.
• What this document doesn't cover: This excerpt does not include specific architectural guidelines, pet rules, parking rules, or age restrictions. Those may be in separate governing documents or 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.