Phillips Place Homeowners Association Inc

What Phillips Place Homeowners Association Inc's governing documents say

Phillips Place is a single-family home HOA in Cary, NC, governed by a Declaration of Protective Covenants. This document is the full rulebook for the community, binding all lot owners and occupants. It covers assessments, maintenance, architectural standards, and use restrictions.

• Assessments & fees: The HOA can levy general, special, and specific assessments. Special assessments up to $300 per lot per year can be imposed without owner approval; larger ones need 2/3 owner vote. A one-time $150 initiation fee is charged to the first purchaser of each new home. Late fees up to $20/month or 10% of unpaid installment, and interest up to 18% annually, may apply.
• What you own & maintain: You own your lot and home and are responsible for all maintenance on it, including landscaping, exterior repairs, and the strip between curb and sidewalk. The association maintains common areas, entry features, stormwater facilities, green space, and walking trails.
• Leasing & rentals: The declaration allows leasing but does not specify a minimum lease term. All leases must comply with the rules and the tenant must be bound by the declaration.
• Architectural review: Any exterior changes, including fences, outbuildings, and landscaping, require approval from the Architectural Control Committee. The committee follows published guidelines and can grant variances.
• Use restrictions: Lots are for residential use only. There are rules about signs, vehicles, pets, nuisances, tree removal, fences, and other activities. For example, no more than two domestic pets are allowed, and no commercial vehicles may be parked overnight.
• Enforcement & liens: The HOA can fine owners, suspend voting rights, and place a lien on the lot for unpaid assessments. It can foreclose on the lien after 60 days of nonpayment, except for fines-only debts.
• What this document doesn't cover: This excerpt does not include the full architectural guidelines, the bylaws, or the detailed rules on specific topics like pools or signs. It also doesn't state the current assessment amount or any age restrictions.

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.