Prestonfalls

What Prestonfalls's governing documents say

Preston Falls Villas is a townhome community in Cary, NC, governed by a homeowners association (HOA). This declaration applies to owners of the attached single-family townhomes, who automatically become members of the association and are subject to its assessments and rules.

• What you own & maintain: You own your townhome and lot, but the association handles exterior maintenance of each townhome (painting, roofs, walks, landscaping) and the common areas. You're responsible for interior maintenance and for maintaining any fenced areas you've added.
• Assessments & fees: Annual assessments are set by the board each year, based on your lot's assessed value relative to all lots. They're due monthly, and unpaid assessments become a lien on your property, with interest up to 18% per year and collection costs.
• Leasing & rentals: Leases must be for at least 60 days, and tenants must agree to follow the declaration. No transient or hotel-style rentals are allowed.
• Architectural review: Any exterior changes—fences, sheds, pools, paint colors, even changes over $1,000—need written approval from the Architectural Control Committee before starting. If they don't respond within 30 days, approval is presumed.
• Parking & vehicles: No trucks over one ton can park overnight, no boats, campers, or trailers can be stored on the property, and inoperable vehicles can't be kept. Garages and parking spaces are for passenger cars only.
• Pets & animals: Dogs, cats, and other household pets are allowed if leashed and not kept for commercial purposes, but no livestock or poultry.
• Use of your home: Townhomes are for single-family residential use only—no businesses, no yard sales, no outdoor clothes drying, and no signs except approved real estate signs under 4 square feet.
• What this document doesn't cover: This excerpt doesn't include details on the association's bylaws, specific fee amounts, or the full rules for common areas and recreational facilities—those are covered in separate documents.

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.