Forest Park Homeowners Association of Wake County

Key facts from Forest Park Homeowners Association of Wake County's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

FOREST PARK HOMEOWNERS ASSOCIATION OF WAKE COUNTY, INC. (Article I, Section 2)

Units / lots

19 (Lots 1-19 inclusive) (Exhibit A)

Developer / declarant

Crosswind Development, Inc., a North Carolina corporation (Preamble)

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Article I, Section 1)

Assessments & dues

Maximum Annual Assessment until December 31, 2020: $550.00 per Class A Lot. (Article V, Section 3)

Special assessments

Requires 2/3 vote of each class of Members. Board may declare Special Capital Assessment up to $500 per Lot in emergencies, no more than once every 5 years, unless 90% of each class votes to reject. (Article V, Section 5)

Collections & liens

Unpaid assessments are a continuing lien on the Lot and personal obligation of the Owner at time assessment fell due. Association may foreclose lien. (Article V, Section 1 and Section 7)

Reserves & fees

Monthly late charge as established by Board for assessments not paid within 10 days after due date. (Article V, Section 7)

Pets

Yes, dogs, cats, or other household pets may be kept, but not for commercial purposes. (Article X, Section 7)

Leasing & rentals

Yes, Owner may lease or sublet dwelling; lease must be for at least 12 months, in writing, and contain a specific provision binding tenant to the Declaration. (Article III, Section 3)

Parking & vehicles

Vehicles may be parked only on garage, driveway, carport, or parking pad. No unenclosed parking except paved driveway and attached paved parking pad for max 2 vehicles. Driveway/parking pad must be concrete. (Article X, Section 6)

Fences

No fence closer to side street than side building setback line, or closer than rear corners of dwelling. Chain-link and vinyl fencing not permitted. Must meet Zoning Ordinance and be approved per Article VIII. (Article X, Section 4)

Architectural approval

If Declarant fails to approve/disapprove within 30 days of receipt, approval is deemed given. (Article VIII)

Home business

No business, trade, or activity conducted on any Lot unless permitted by Town of Cary zoning ordinances. (Article X, Section 8)

Signs & flags

No signs displayed to public view except: signs advertising Lots for sale during construction/sales period, one sign not exceeding 10 sq ft advertising property for sale, and political signs not exceeding 10 sq ft (placed no earlier than 60 (Article X, Section 9)

Setbacks / home size

Dwellings must be within building envelope shown on recorded plats or as required by Town of Cary zoning ordinances. (Article X, Section 3)

Use restrictions

All Lots shall be used for residential purposes. Declarant may use Lot as temporary sales office/model home. (Article X, Section 1)

Voting & meetings

Class A Members: 1 vote per Lot owned. Class B Member (Declarant): 10 votes per Lot owned or under contract. After Declarant Control Period, Declarant has 1 vote per Lot owned. (Article III, Section 2)

Amendments

During first 25 years: amendment requires instrument signed by Owners of at least 80% of Lots; thereafter 75%. Declarant may amend during Declarant Control Period to conform to governmental law/regulation. (Article IX, Section 3)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.