Ivy Creek Townhomes Association, Inc.
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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What Ivy Creek Townhomes Association, Inc.'s governing documents say
Ivy Creek Townhomes is a townhome community in Cary, NC, governed by a homeowners association (HOA). This declaration of covenants, conditions, and restrictions (CC&Rs) applies to all lot owners, who automatically become members of the association. It outlines rules on assessments, property use, maintenance responsibilities, and architectural control.
- What you own & maintain: You own your lot and the dwelling on it. The association maintains common areas and certain yard improvements (grass, landscaping, walkways, parking areas) installed by the developer or approved by the association, but you are responsible for maintaining your unit and any improvements not specifically assigned to the association.
- Assessments & fees: Annual assessments fund common area maintenance, insurance, and other association purposes. The initial maximum annual assessment was $540 per Class A lot ($45/month), with annual increases capped at 10% unless approved by two-thirds of Class A votes. Special assessments require two-thirds approval. Unpaid assessments become a lien on the property and accrue interest at 12% per annum.
- Leasing & rentals: Owners may lease or sublet their dwelling, but the declaration does not specify a minimum lease term. Tenants may use common areas as their principal residence. Note: the document excerpt is truncated before the full lease restrictions are stated.
- Pets: Dogs, cats, or other household pets are allowed, but not for commercial purposes. The board may adopt rules further limiting or prohibiting types of animals.
- Architectural review: Any exterior construction, alteration, or major landscaping requires written approval from the Declarant (or its assignee) before starting. Plans must be submitted, and approval is deemed given if not acted on within 30 days. A processing fee up to $75 may be charged.
- Parking & vehicles: The declaration mentions parking areas are maintained by the association, but specific parking rules are not detailed in this excerpt. Wrecked or inoperable vehicles cannot be stored on lots.
- Signs & antennas: Signs are limited to real estate signs (max 6 sq ft) and political signs (max 6 sq ft, placed no earlier than 60 days before an election and removed within 2 days after). Satellite dishes and antennas require architectural approval.
- What this document doesn't cover: This is an excerpt of the full declaration; it does not include complete details on leasing restrictions, parking rules, fines, or other use restrictions that may appear in later sections. The document is also partially garbled from OCR, so some numbers and clauses may be incomplete.
Key facts from Ivy Creek Townhomes Association, Inc.'s documents
- Community type
- Homeowners Association for a residential townhouse community (WHEREAS clauses (page 1 of 29, BK7455PG0)
- Governing law
- North Carolina Non-Profit Corporation Act (Chapter 55A) (Articles of Incorporation, compliance st)
- Assessments & dues
- Maximum annual assessment until Jan 1, 1998: $540 per Class A Lot ($45/month); $335 per Class B Lot (stated $11.25/month, but note inconsistency). (Article V, Section 3 (page 10 of 29, BK7)
- Special assessments
- Requires assent of Class B member and not less than two-thirds of votes cast by Class A Members. (Article V, Section 4 (page 11 of 29, BK7)
- Collections & liens
- Unpaid assessments become a lien on the lot; Association may foreclose; personal obligation of owner when due. Lien subordinate to first mortgages. (Article V, Sections 1 and 9 (pages 9 and)
- Reserves & fees
- Working capital fund established for unforeseen expenditures (Article V, Section 11)
- Pets
- Yes – dogs, cats, or other household pets may be kept, provided not for commercial purposes. (Article X, Section 5 (page 19 of 29, BK7)
- Leasing & rentals
- Yes, but lease must be at least 6 months, in writing, and include a provision binding tenant to the Declaration. Owner must furnish copy to Association. (Article X, Section 9 (page 19 of 29, BK7)
- Parking & vehicles
- Association provides minimum required by Town; each lot at least 2 assigned spaces; no street parking except designated paved spaces; no abandoned, inoperable, boat, trailer, motor home, camper, truck over 1 ton, commercial vehicle; Board m (Article X, Section 10)
- Fences
- Fences require architectural approval; Association not responsible for maintaining fences (Article VIII; Article IX, Section 1)
- Architectural approval
- Yes – for any building, fence, wall, other structure, exterior addition or change, major landscaping, etc. Requires written approval of Declarant (or delegate). (Article VIII (page 16 of 29, BK7455PG050)
- Solar & roof
- Subject to architectural approval (Article VIII)
- Home business
- No business trade or activity may be conducted on any lot unless permitted by the Board of Adjustments of the Town of Cary. (Article X, Section 2 (page 18 of 29, BK7)
- Signs & flags
- Generally prohibited except: (1) Declarant/builder sales signs during construction; (2) one sign not exceeding 6 sq ft advertising sale or rent; (3) political signs not exceeding 6 sq ft, placed no earlier than 60 days before election, remo (Article X, Section 4 (page 18-19 of 29, )
- Maintenance
- Association: Common Area, yard improvements as described; Owner: Lot and Unit exterior except as assumed by Association (Article IX, Sections 1 and 2)
- Insurance
- Hazard insurance on insurable improvements on Common Area at 100% of insurable value; liability insurance not less than $1,000,000 (Article VI, Section 3(c); Article IX, Se)
- Use restrictions
- No lot or dwelling shall be used for any purpose not permissible under applicable residential zoning regulations. (Article X, Section 1 (page 18 of 29, BK7)
- Voting & meetings
- Class A Lots: 1 vote per lot; Class B Lots (Declarant/builders): 3 votes per lot. Vacant/leased residence votes limited to 49% weight. (Article III, Section 2 and Section 3 (pa)
- Amendments
- First 25 years: signed by Owners of not less than 75% of Lots; thereafter: not less than 50% of Lots. Must be recorded. FHA/VA approval if required. (Article XI, Section 3 (page 21 of 29, BK)
Community amenities
≈ 105 homes
Related associations
Overlaps: Kildaire Farms Homeowners Association Inc
Nearby (within 500 m): Paxton Townhomes Association · Kf Homeowners Association II Inc · Kildaire Farms Homeowners · Lakepointe Village Townhome Association · Lakepoint · Lakepoint Village Townhomes Association · Lakepoint Village Homeowners Association · Drummond Place Condominium · Cavanaugh Garden Homes Condominiums · Lakepoint Village Homeowners Assc · Pebble Creek Townhomes Ph II Association
About this HOA
Ivy Creek Townhomes Association, Inc. is a homeowners association in Cary, NC.
HOAproxy has 3 documents on file for Ivy Creek Townhomes Association, Inc.: 2 uncategorized documents and 1 recorded document. Last updated 2026-08-09.
Governing documents
- DOCC100909212 (29 pages) — PDF
- Articles Of Incorporation (6 pages) — PDF
- Covenants (29 pages) — PDF